Sterling hits 6-week low against euro as rate cut bets mount
The British pound strengthened against the US dollar on Thursday but slumped to a six-week low against the euro, as…
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economic outlook
French services contract for 9th month in May ’25
France’s service sector contracted for the ninth consecutive month in May, though at the slowest pace so far this…
Germany’s service sector contracts sharply in May ’25
Germany’s service sector contracted for the second consecutive month in May, shrinking at the fastest pace in two…
Eurozone growth slows in May ’25, services contract
The eurozone economy grew for a fifth straight month in May, but the pace of expansion slowed, as services activity…
BoE’s Bailey: Rate cuts ‘gradual, careful’ amid trade uncertainty
Bank of England Governor Andrew Bailey told lawmakers on Tuesday that interest rate cuts in the UK will remain…
OECD warns of global growth slowdown
The OECD forecasts global economic growth to slow to 2.9 per cent in 2025 and 2026, down from 3.3 per cent last…
Egypt’s inflation slows sharply in Q1 ’25 after years of external, domestic shocks
Egypt’s inflation continued to ease in early 2025, with both headline and core rates recording sharp declines,…
Egypt’s c. bank forecasts growth rebound in FY2024/25 as economy recovers
Egypt’s Central Bank expects real GDP growth to rebound to 4.3 per cent in the fiscal year 2024/25, up from 2.4 per…
Egypt’s c. bank expects inflation to reach target by late ’26
The Central Bank of Egypt (CBE) expects inflation to continue declining over the coming two years, gradually moving…
Italy’s consumer, business confidence decline in April ’25
Italy’s consumer and business confidence both fell sharply in April, signalling rising pessimism about the…