Without changed policies, Belgium risks its budget deficit rising to 4.9 per cent of GDP in 2025, the European Commission has warned in its new economic growth forecast.
As the world looks ahead to 2024, a measured sense of optimism permeates discussions about the upcoming year. The spectre of a severe recession in the United States seems to have abated, and a "soft landing" is anticipated even in the wake of aggressive interest rate hikes.
Prague [Czech Republic], September 4 (ANI/Sputnik): Tens of thousands took to the streets of the Czech capital on Saturday to protest the government's inaction as the deepening energy crisis continues to batter the central European economy.
Washington DC [US], July 20 (ANI): The International Monetary Fund (IMF) has warned that Russia's invasion of Ukraine has further darkened the global growth outlook, with the European economy facing a serious setback given its trade, investment, and financial links with the warring countries