Euro News (EUR)

Barclays has revised its US economic growth forecast upward, ruling out the possibility of a year-end recession. The bank's decision comes as trade tensions between Washington and Beijing ease.

The European Central Bank (ECB) Governing Council Member Martins Kazaks, analyzing the eurozone inflation outlook, suggested during a CNBC interview that the rate-cutting cycle may be nearing completion.

Luis de Guindos, the vice president of the European Central Bank (ECB), named three main risks to the eurozone economy. In his opinion, these are global trade tensions, financial market volatility, and high government debt.

An increase of the indicator value may contribute to the rise in quotes of EUR.

France’s unemployment rate increased at the start of the year, adding to signs of a slowdown in the EU’s second-largest economy, even before US trade tariffs further darkened its outlook.

According to data compiled by Bloomberg, the German government is projected to receive 33.3 billion euro (about $37.3 billion) less in tax revenue over the five-year period through 2029 due to economic volatility.

The European Central Bank (ECB) hopes to reach a political agreement among the EU countries by early 2026 to issue a digital euro. The regulator will then need 2–3 years to launch the currency, says ECB board member Piero Cipollone.

In the first four months of this year, China’s trade surplus with the EU reached $90 billion, as goods flows changed due to US tariff policies. Chinese shipments to Europe so far in 2025 are the second-highest on record.

The eurozone economy expanded at a slower pace than expected in the first quarter, with employment level holding steady. That means the EU keeps creating jobs despite years of sluggish growth.

Major European companies are facing turbulence from US tariffs. Despite the recent trade truce between the US and China, investors remain wary as uncertainty persists, Reuters reports.