Charting the Global Economy: Prospects dim for European economy

Quick Summary:

A key gauge of euro-zone wages jumped by the most since the common currency was introduced in 1999 — complicating the ECB’s plans for interest-rate cuts as inflation eases.

About 64% of Japanese companies said the Chinese economy is faring worse than last year, according to the latest survey from the Japanese Chamber of Commerce and Industry in China.

The euro fell to its weakest levels since 2022 against the dollar as traders priced in more interest-rate cuts from the European Central Bank.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaCanadaChinaEgyptFranceGermanyHungaryIcelandIndonesiaJapanSouth KoreaMexicoParaguaySouth AfricaTurkey

Topics: Donald trump UK inflation Global economy Bank of England European Central Bank European economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 10:51:46 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 990 words

Reading Time: 6 minutes read

Sentences: 42 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23786081

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 1 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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