Prices of petroleum products are expected to rise from May 16 even if the government extends the programme aimed at cushioning consumers against rising prices
Prices of petroleum products are expected to rise from May 16 even if the government extends the programme aimed at cushioning consumers against rising prices
The eurozone economy expanded at a significantly faster pace than estimated in the first three months of 2025, official data showed Friday, thanks to better-than-expected growth in Germany and strong output in Ireland. The data confirms a pivot back to expansion for Germany after its economy contracted by 0.2 percent in the final quarter last year.
Russia's central bank on Friday cut its key interest rate to 20 percent -- down from a two-decade high of 21 percent -- as the economy slows and officials say months of rapid price rises are coming under control. The bank had come under increasing political pressure this year to cut interest rates, which businesses said was throttling the economy and killing investment.
Germany could face two more years of recession if a trade war with the United States escalates sharply, the central bank said Friday, a bleak warning for Europe's struggling top economy. Trump's tariff blitz stands to hit export power Germany hard, as the United States was Germany's top trading partner in 2024, receiving huge quantities of its cars, pharmaceuticals and machinery.
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