europesenergycrisis
There are 44 countries in Europe and across all of them there’s an estimated 32 million active enterprises, according to 2022 data from the European Commission. However, growth has been pretty bleak in the past few years. The European Central Bank (ECB) estimated growth in 2023 to be 0.6%, and is only projecting a marginal improvement of 0.8% in 2024. To put that in context, in the USA GDP increased at an annual rate of 3.3% in the fourth quarter of 2023 and both Reuters and the World Bank have put China’s 2023 growth at 5.2%. So what is Europe doing wrong? In this episode of The Big Question,...
Euronews (English)
European private sector economic activity showed a strong rebound in April driven by strong demand in services. However, some inflationary pressures do not appear entirely vanquished, leaving uncertainty regarding the speed of returning to European Central Bank (ECB)'s 2% target. The flash Purchasing Managers' Index (PMI) surveys released by S&P Global on Tuesday continued to indicate robust growth in the services sector across major European economies, alongside persistent challenges in manufacturing activity. Featured below is a visual depiction of the latest trends in private sector activit...
Euronews (English)
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