Europe tries to boost economy as Trump presidency looms

Published On Dec 12, 2024, 11:54 AM

The European economy is facing significant challenges with reduced growth forecasts from the European Central Bank (ECB), which lowered its growth prediction for the eurozone to 1.1% next year. This is due to various factors such as high energy costs, structural issues in Germany's economic model, and political instability in France. Upcoming trade tariffs from the US and the possibility of a more aggressive series of interest rate cuts add to the uncertainty. Despite some optimistic trends in countries like Spain, overall, the outlook appears bleak. The need for major reforms and increased investment in Europe is urgent, but political will seems lacking.