Europe has faced challenges in 2025, with political unrest, weak economic data, and concerns about growth potential. The European Central Bank has cut its growth forecast to 1.1%, while GDP is expected to expand by 0.8% in the euro area. Despite these issues, analysts are hopeful for some bright spots in the region’s outlook for the year.
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Blow For Rachel Reeves And Keir Starmer As Inflation Reaches Eight-Month High
In November, inflation in the UK rose to an eight-month high of 2.6%, exceeding the Bank of England's 2% target, impacting Chancellor Rachel Reeves and PM Keir Starmer. The increase was driven by higher fuel and clothing prices, with housing and household services also seeing a 3.5% rise. Reeves emphasized efforts to improve the economy for working people, while Shadow Chancellor Mel Stride criticized the government's decisions as inflationary and damaging to consumers. Full Article
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