Thu. Oct 10th, 2024

TRADE & COMMERCE

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block chain, touch screen, finger

EU investment screening and export controls: Safeguarding European security

The European Commission analysed over 420 foreign direct investments (FDI) into the EU over the past year, according to the Annual Report on FDI Screening released today. In addition, EU Member States blocked 560 requests for exports of dual use goods over the same period. This level of activity demonstrates a clear commitment by the European Commission and Member States to safeguarding European security and public order in times of

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19/10/2023

EU Council appoints Claudia Buch as head of the ECB supervisory board

The Council today adopted a decision appointing Claudia Buch as chair of the supervisory board of the European Central Bank. She will hold the position for five years, starting from 1 January 2024. Claudia Buch, who is currently vice-president of the Deutsche Bundesbank, will replace Andrea Enria, who was chair from 1 January 2019.

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19/10/2023
euros, bill, digital

Eurosystem: Statements on the next phase of digital euro project

The ECB Governing Council is to start digital euro preparation phase following conclusion of two-year investigation phase on design and distribution of a digital euro. The Preparation phase will lay foundations for a potential digital euro, with work to include finalising rulebook and selecting providers to develop platform and infrastructure. It will pave way for potential future decision on issuing a digital euro.

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18/10/2023
euro, transformation, digital

Main results of the Eurogroup on 16 October 2023

Ministers exchanged views with the Secretary of the Treasury of the United States (US), Janet Yellen, on the global outlook and risks, with the aim of building a common understanding of the interconnected short- and long-run challenges in Europe and the US, and discussing economic and financial policies going forward.

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16/10/2023

IMF European department briefing on the economic outlook in Europe

“Europe has weathered indeed well a series of unprecedented shocks, the pandemic, and then the energy crisis, which was triggered by Russia’s invasion of Ukraine. What we also saw was that severe downside scenarios were avoided, and I would say this is a big accomplishment. Comparing that when we worked together in last October and the situation looked much different from today” – IMF.

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14/10/2023

IMF: Transcript of the World Economic Outlook Briefing on 10 October 2023

“The global economy continues to recover from the pandemic and Russia’s invasion of Ukraine, showing remarkable resilience; yet growth remains slow and uneven. The global economy is limping along, not sprinting. Under our baseline forecast, growth will slow from 3.5 percent last year to 3 percent this year and 2.9 percent next year, a 0.1 percentage point downgrade for 2024. This remains well below historical averages.”

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11/10/2023

Türkiye: IMF staff concludes visit and publishes data

As monetary policy tightens and the overall policy stance becomes less accommodative, growth is projected to slow from 4 percent in 2023 to 3¼ percent in 2024, and the current account deficit to narrow to about 3 percent of GDP in 2024. Sequential inflation should also fall in 2024 and is projected at 46 percent year-on-year by December. These projections reflect recent developments and policy actions, and discussions during the

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07/10/2023
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