German Economy Set to Grow Faster Than Expected, Says Bundesbank Chief

By admin November 11, 2026 No comment

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Germany’s economic recovery is gaining momentum, with growth expected to accelerate in the fourth quarter, according to Bundesbank President Joachim Nagel. Speaking at a conference in Riga on Wednesday, Nagel said the recovery was stronger than anticipated earlier this year, despite ongoing structural challenges. Germany, Europe’s largest economy, has

German Industrial Production Rises 0.7% in September, Beating Forecasts

By admin November 6, 2026 No comment

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German industrial production unexpectedly increased by 0.7% in September compared with the previous month, according to Germany’s Federal Statistics Office. The growth was mainly driven by a seasonal upswing in the automotive industry, surpassing analysts’ expectations of no change. However, the positive figures were partly offset by a downward revision to

German Engineering Workers Launch Wage Strikes

By admin November 2, 2026 No comment

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Workers in Germany’s engineering industry began temporary warning strikes on Sunday amid an ongoing wage dispute between employees and employers. Around 3.7 million workers are seeking a 5% pay increase over 12 months as the country’s industrial sector faces growing challenges, particularly due to the crisis in the automotive industry. The first walkout began

Fitch Downgrades France’s Outlook to Negative Amid Rising Debt Concerns

By admin October 31, 2026 No comment

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Fitch Ratings has revised France’s economic outlook from stable to negative, citing worsening public finances, weaker economic growth, rising borrowing costs and growing political instability. However, the agency maintained France’s Long-Term Issuer Default Rating at ‘A+’, warning that the country faces increasing challenges in stabilising its national debt. France’s

French Debt Risk Premium Hits Highest Level Since 2011

By admin October 22, 2026 No comment

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France’s government borrowing costs have surged as investors grow increasingly concerned about the country’s public finances, political uncertainty and ongoing protests. On Thursday, the premium investors demand to hold French 10-year government bonds over safer German bonds reached 173.58 basis points, its widest level since November 2011 during the euro zone debt crisis.

French Savers Turn to Private Pensions Amid Welfare Concerns

By admin October 17, 2026 No comment

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France is witnessing a growing shift towards private retirement savings as public confidence in its pension system declines. Concerns over rising government debt, an ageing population and falling birth rates have led many workers, particularly younger people, to question whether the state-funded system can provide sufficient retirement income. A survey found that 72% of

Italy’s Inflation Rises Above 4% as Energy Costs Surge

By admin September 30, 2026 No comment

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Italy’s EU-harmonised consumer prices rose 2.0% month-on-month in September, pushing annual inflation to 4.1%, up sharply from 3.2% in August. The increase was driven largely by soaring energy costs linked to turmoil in the Middle East. The latest figure was above the 3.8% median forecast from a Reuters poll of 17 analysts and marked Italy’s […]

Germany Says New Debt Needed to Strengthen Defence

By admin September 8, 2026 No comment

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Germany needs to take on new debt to strengthen its defence and infrastructure, Finance Minister Lars Klingbeil said while defending the government’s 2027 budget. He argued that increased borrowing is necessary to address growing security threats and years of underinvestment. Germany plans to borrow €838.2 billion between 2027 and 2030, while total investment is

Germany’s Construction Industry Warns Recovery Still Out of Reach as Costs Rise

By admin June 11, 2026 No comment

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Germany’s construction sector has warned that its long-running downturn is far from over, as rising energy and raw material costs continue to weigh on businesses. Industry leaders say a hoped-for recovery has been weakened by a new wave of price increases linked to geopolitical tensions in the Middle East. Marcus Nachbauer, chairman of Germany’s main […]

Italy Cuts Growth Forecast, Sees Economy Expanding 0.7% Through 2027

By admin June 5, 2026 No comment

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Italy’s national statistics bureau ISTAT has slightly lowered its economic growth forecast for 2026, projecting gross domestic product (GDP) growth of 0.7%, down from the 0.8% estimate issued in December. The agency also expects the economy to expand by 0.7% in 2027, supported by stronger-than-expected performance in the first quarter, when GDP rose 0.3% from […]