Economy

German Tax Revenue Forecast Slashed, Challenging 2025 Budget Negotiations
May 16, 2024
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German Tax Revenue Forecast Slashed, Challenging 2025 Budget Negotiations

Germany's council of tax experts lowered tax revenue projections for the next five years by 1.5%, casting a shadow over budget negotiations and prompting calls for fiscal restraint.

The Paris Olympics Revive "River Metro" Dream for the Seine
May 15, 2024
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The Paris Olympics Revive "River Metro" Dream for the Seine

The upcoming Paris Olympics have sparked renewed interest in developing a "river metro" on the Seine, but the project faces challenges due to geographical constraints, speed limits, and docking infrastructure.

Spain's Economy Surprises: EU Commission Raises Growth Forecast to 2.1%
May 15, 2024
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Spain's Economy Surprises: EU Commission Raises Growth Forecast to 2.1%

The European Commission has significantly upgraded its 2024 growth forecast for Spain to 2.1%, attributing the positive outlook to the country's resilient labour market and expecting a reduction in the deficit.

Portugal's Bold Move: New Airport, High-Speed Rail, and Bridge Planned
May 15, 2024
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Portugal's Bold Move: New Airport, High-Speed Rail, and Bridge Planned

Portugal's government has announced a sweeping plan to modernize its transportation infrastructure, including a new airport in Alcochete, a high-speed rail link to Madrid, and a third bridge over the Tagus River.

Is the German Auto Industry Threatened by a Trade War?
May 15, 2024
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Is the German Auto Industry Threatened by a Trade War?

The German auto industry faces significant risks from escalating US-China trade tensions, as increased tariffs threaten its heavy dependence on the Chinese market

81% of German Exporters Expect Sales Growth in 2024
May 14, 2024
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81% of German Exporters Expect Sales Growth in 2024

German exporters are optimistic about sales growth in 2024, but ongoing geopolitical tensions and supply chain issues continue to pose challenges.

UK Health Spending Lags Behind Government Promises
May 14, 2024
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UK Health Spending Lags Behind Government Promises

The UK government is spending £5.5 billion less on health than it pledged, despite record funding levels and claims of progress.

Paris Olympics to boost the Île-de-France economy by €11 billion
May 14, 2024
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Paris Olympics to boost the Île-de-France economy by €11 billion

The Paris 2024 Olympic Games are estimated to generate an economic impact of up to €11.145 billion for the Île-de-France region, according to updated forecasts from the organisers.

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