In the United States, the Federal Reserve left interest rates steady on Wednesday, citing wariness about how stubborn inflation was proving.
Even so, the United States is expected to remain an engine of global growth this year, expanding at a 2.6 percent pace, the O.E.C.D.
Both the euro currency bloc and Britain ended 2023 in recession, deepened by record high interest rates deployed by the European Central Bank and the Bank of England to help fight inflation.
The outlook should improve next year, as high interest rates come down, unleashing more spending by businesses and households.
forecast the eurozone economy to expand at 1.5 percent in 2025, more than double the expected growth rate this year.
Persons:
“ We’ve, Clare Lombardelli, Lombardelli
Organizations:
Federal Reserve, Britain, European Central Bank, Bank of England
Locations:
United States, Europe, Germany, Greece, Spain