Politics & EconomyEconomy

Macro

Macro·11h ago

Bank of Italy Governor Panetta Warns Gulf Conflict Could Stagnate Italian Economy, Urges EU Reform and Youth Investment

Bank of Italy Governor Fabio Panetta delivered a stark warning that the conflict in the Persian Gulf has dramatically weakened economic prospects, potentially pushing Italy into stagnation or contraction, while calling for urgent European reforms and investment in youth.

Rome · Strait of Hormuz

Fabio Panetta Donald Trump

Macro·3d ago

ECB officials signal June rate hike as Iran war drives inflation toward 4% and economic outlook darkens

Top European Central Bank officials Isabel Schnabel and Philip Lane have delivered their clearest warnings yet that interest rates will rise in June, as the Iran war pushes eurozone inflation toward 4% and the macroeconomic outlook deteriorates.

Frankfurt

Isabel Schnabel Philip Lane

Macro·8h ago

German inflation unexpectedly drops to 2.6% in May as fuel discount takes effect, but ECB rate hike looms

Germany's annual inflation rate fell to 2.6% in May from 2.9% in April, defying economist expectations, as a temporary fuel tax cut and lower crude oil prices eased pressure on consumers.

Wiesbaden · Frankfurt

Holger Schmieding Silke Tober Isabel Schnabel Joachim Nagel Philip Lane Yannis Stournaras Andreas Pischetsrieder

Macro·14h ago

Spain's inflation holds at 3.2% in May as government energy tax breaks near expiration amid Iran war shock

Spain's annual inflation rate remained at 3.2% in May, defying global energy turmoil from the Iran conflict, but key electricity and gas tax rebates are set to expire on June 1, threatening a summer price spike.

Madrid · Barcelona

Carlos Cuerpo

Macro·12h ago

German unemployment dips below three million in May but spring recovery stalls

The number of unemployed people in Germany fell by 58,000 to 2.95 million in May, slipping back below the three-million mark for the first time since December, yet the Federal Employment Agency warns a genuine turnaround remains out of sight.

Nuremberg · Frankfurt

Andrea Nahles Frank Martin

Macro·2d ago

German Economic Advisers Slash 2026 Growth Outlook to 0.5%, Warn Social Charges Could Hit 50% of Wages

The Council of Economic Experts cut its GDP forecast to 0.5% for 2026, blaming the Iran War’s surge in energy prices, and warned that social security contributions could reach 50% of income by 2040 without deep reforms.

Berlin

Monika Schnitzer Friedrich Merz