During the recent meeting, European officials discussed ways to enhance the region’s competitiveness relative to both the US and China. The NYT notes the debate centered on how President Trump’s policies have created an opportunity for Europe to strengthen its global position.
Anne Walsh, Chief Investment Officer of Guggenheim Partners Investment Management, is urging the US Federal Reserve (Fed) to cut borrowing costs. She argues that current real interest rates are at historically high levels, creating economic pressure.
In May, Germany's factory orders fell by 1.4% compared to the previous month, marking the first decline in four months. The drop was sharper than economists polled by Bloomberg had expected.
Frank Elderson, a member of the European Central Bank’s (ECB) Executive Board, stressed the need to factor in climate change consequences when shaping economic policy. He warned that ignoring environmental risks could trigger serious economic challenges.
In May of this year, the United States' trade deficit increased substantially, reaching $71.5 billion. This growth became possible due to a significant drop in export volumes, despite the observed slowdown in import growth rates.
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