Basics of economics Every day, find selected information from a world in complete transformation.
No. Today 5.8% | European Commission Revised his expectations upwards economic inflation for the Eurozone in 2023, and now expects a rate of 5.8%. This increase raises concerns about its impact on the economy and the purchasing power of consumers. European Central Bank This development should be closely monitored and necessary measures taken to maintain price stability. Eurozone governments will also need to take steps to mitigate the effects of this rising inflation.
On Monday, the European Commission raised its forecast for growth in the European Union to 1% for 2023 and 1.7% for 2024. Inflation is expected to remain high at 5.8% in the eurozone this year. Debt begins to decline. https://t.co/8ZBrlF7Vij
– Les Echos (Les Echos) May 15, 2023
In the form of Bridgestone: Results rise in Q1 despite headwinds | Japanese tire giant, Bridgestone, reported better-than-expected results for the first quarter of 2023. Despite the global economic slowdown, the group saw demand for original equipment tires rebound, while semiconductor shortages were fading. Bridgestone has also benefited from resilient demand in the premium tire segment. During the period from January to March, the net profit increased by 68.1% compared to the previous year. Full-year guidance remains optimistic for Bridgestone with expected growth in net profit and sales.