Europe

IEA forecasts strong growth in electric car sales to 17 million in 2024

The IEA expects China to account for 10 million electric vehicle sales this year

ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty

Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity

UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation

This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019

ECB signals potential June interest rate cut despite rising oil prices, weaker euro

ECB ready to adapt monetary policy stance if current trends persist

Saudi Arabia’s minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement

40 percent of Spain's investments in Saudi Arabia over the past 10 years has been in the real estate sector

Gold prices rise as geopolitical uncertainty boosts bullion’s global appeal

Gold maintains safe-haven appeal despite Federal Reserve's stance on rates

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January

EU commits $3.71 billion to ocean protection and sustainability initiatives in 2024

Efforts target marine pollution, sustainable fisheries and blue economy investments

EIB approves $4.57 billion for business, climate action and energy across Europe

EIB signed €88 billion in new financing for over 900 projects in 2023

U.K. unemployment rate hits 6-month high of 4.2 percent, exceeding expectations

The unemployment rate in the country stood at 3.9 percent in the three months to January

Inflation in Germany eases to 2.2 percent in March, lowest since June 2021

The consumer prices increased by 2.7 percent year-on-year in February 2023

Inflation in France slows to lowest point since 2021, records 3.2 percent in March

Driven by lower growth in the prices of food, services, tobacco, energy, and manufactured products

Portugal’s government forecasts 1.5 percent economic growth for 2024

The country’s economic growth estimates align with the state budget, slightly lower than election promises