OECD Ministerial Council Meeting 2024

OECD Ministerial Council Meeting 2024

(VOVWORLD) - The Economic Cooperation and Development (OECD) Ministerial Council Meeting taking place in Paris on Thursday and Friday discuss solutions for sustainable growth, artificial intelligence, and carbon emissions reduction
OECD lifts 2024 growth forecasts

OECD lifts 2024 growth forecasts

(VOVWORLD) - The Organisation for Economic Co-operation and Development has raised its projection for global economic growth for 2024 to 3.1%, up two-tenths of a percentage point from...
EC lowers Eurozone inflation, growth forecasts for 2024

EC lowers Eurozone inflation, growth forecasts for 2024

(VOVWORLD) -The European Commission (EC) on Thursday lowered its economic growth and inflation forecasts for the Eurozone in 2024, warning spreading geopolitical tensions will increase uncertainty for the single-currency...
2023 sees global trade recession but hope is in sight

2023 sees global trade recession but hope is in sight

(VOVWORLD) - Persistentinflation and high interest rates, slow recovery of many major economies, geopolitical instability, and rising public debt in many countries have caused a global trade recession this year. Economists say...
30 years after Maastricht, EU faces new challenge

30 years after Maastricht, EU faces new challenge

(VOVWORLD) - The Maastricht Treaty took effect on November 1, 1993, turning the European community into an economically powerful European Union with global political influence. 30 years later, the bloc is...
EU raises forecasts for Eurozone growth

EU raises forecasts for Eurozone growth

(VOVWORLD) - The Eurozone economy is expected to grow at a faster pace this year than previously thought, avoiding a much-dreaded recession, as inflation eases and gas prices continue their steep drop...
ECB President says inflation hasn't peaked

ECB President says inflation hasn't peaked

(VOVWORLD) - Eurozone inflation has not peaked and could go even higher than currently expected, European Central Bank President Christine Lagarde said Monday, hinting at a series of interest rate hikes...
Inflation hits record high in Europe

Inflation hits record high in Europe

(VOVWORLD) -The European Union's annual inflation was 11.5% in October this year, up from 10.9% last month, according to figures published by Eurostat, the statistical office of...
Eurozone inflation hits record high

Eurozone inflation hits record high

(VOVWORLD) - Inflation in the Eurozone exceeded the forecast and hit a record high in October. It’s likely that the European Central Bank (ECB) will continue to raise interest rates...