The European Commission has revised down its growth forecasts for the Eurozone, now predicting a 0.9% increase for this year, down from 1.3%, amid economic disruptions from US trade policies. The commission’s outlook also reflects a slight downgrade for the EU as a whole, attributing the changes to ongoing trade tensions and a significant reduction in US-China trade. Germany’s economy is expected to flatline in 2025, while France and Italy are projected to grow slightly, with Ireland, Spain, and Greece anticipated to exceed average Eurozone growth.
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Von der Leyen tells Xi EU-China ties are at ‘inflection point’
European Commission President Ursula von der Leyen and European Council President António Costa conveyed to Chinese leader Xi Jinping that EU-China relations are at an "inflection point" due to trade imbalances and China's support for Russia amid the Ukraine war. Both sides emphasized the need for mutual solutions to longstanding issues as the summit marks 50 years of EU-China relations, overshadowed by tensions over trade and geopolitical concerns. Want More Context? 🔎
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