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Latest Economic News

The growth of defense spending in Europe: economic impact and new jobs

February, 21 2025

The German division of EY has presented a study assessing the economic impact of increased defense spending in Europe. Analysts have studied two scenarios: maintaining the current level of 2% of GDP or less, and increasing it to 3% of GDP. To strengthen independence from the United States and increase the defense capability of the EU countries, it will be necessary to invest about €65 billion annually over six years. Experts note that against the background of modern security challenges, Eu... Read More

Latest Economic News

The growth of defense spending in Europe: economic impact and new jobs

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Britain has imposed an embargo on exports of dual-use goods to Russia

Oil recovered to $77 per barrel

The ECB has kept all three key interest rates at the same level

Oil prices recover after reaching 6-month lows

The US Federal Reserve kept the rate at 5.25-5.5%

Experts: what will the devaluation of the peso in Argentina lead to?

Gold prices fell below $2,000 ahead of the Fed meeting

The value of SpaceX soared to $180 billion as a result of the tender offer

Argentina has announced a two-fold devaluation of the peso

Brent crude oil dropped to 5-month lows

The IMF noted the risk of a new cold war between the United States and China

The Central Bank of Argentina has limited access to dollars due to preparations for reforms

Indices of economic expectations in Germany and the eurozone rose to multi-month highs

China will eliminate import duties for goods from six African countries

UN: World trade shrank by 5% in 2023

The S&P 500 index has reached its highest level since the beginning of the year

What are the prospects for resuming the grain deal?

Deflation in China in November amounted to 0.5% and updated a 3-year high

German inflation slowed to 2.3% in November

Analysts warn of the longest drop in oil prices since 2018

Exports from China increased for the first time in 6 months

Industrial production in Germany unexpectedly decreased by 0.4% in October

The oil market is at multi-month lows

The Central Bank of Australia expected to leave the rate at 4.35%

India's stock market achieves $4 trillion market capitalization

The Turkish lira has collapsed to a new historical low

Brent dropped below the level of $78 per barrel

Bloomberg: what is the reason for the «roller coaster» in the oil markets

The share price of Coinbase has tripled in 2023

Canada's GDP in the third quarter unexpectedly fell by 1.1%