A Reuters poll of economists showed that Japan’s inflation could have slowed down last month. However, that could still push the central bank to raise interest rates, the news agency says.
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French Prime Minister Francois Bayrou has called on the European Central Bank (ECB) to intensify its efforts to stimulate economic growth across the EU. In an interview with LCI television, Bayrou emphasized that France needs creditors willing to invest in the country and believe in its future.
ISTAT data released on Thursday shows an unexpected decline in Italy’s industrial production in May. Following a 1% increase in April (revised down to 0.9%), experts had anticipated the positive trend to continue. However, their forecasts did not materialize.
Livio Stracca, senior ECB official, warned that severe weather events could negatively affect economic growth across the bloc. He projected that over the next five years, GDP decline could reach levels comparable to those seen during the COVID-19 pandemic, approximately 5%.
According to the Bank of Japan (BOJ), the recent increase in US tariffs has so far had no significant effect on the country’s exports or industrial output.
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