The price of the euro grew slightly on Thursday. In the afternoon the currency of the European Community cost $ 1,0434. “Trump and his earlier irregular announcements have no consequences for European monetary policy,” says Ulrich Kater, chief economist at Dekabank
The new US President Donald Trump had also threatened the EU with rates. “The European economy and the European currency) are too great to be hit by the earlier initiatives of the new US government,” said Ulrich Kater.
In general, economic development in the United States remains considerably stronger than in the eurozone. In the fourth quarter of 2024, the economy stagnated there, according to Thomas Gitzel, chief economist at VP Bank, supported by private consumption. “The economy in the United States is a phenomenon. It cannot be disappeared from robust grew up ”. Trump’s plans are a great risk.
In the fourth quarter, the Gross Domestic Product (GDP) in the United States increased by 2.3 percent on an annual basis. In the third quarter, the largest economy in the world had grown by 3.1 percent.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
