Author: Reputation Poll

“Check against delivery” Let me begin with the five key messages from this forecast: First, after a difficult 2023, economic activity rebounded in the first quarter of this year. Economic momentum is expected to gather pace over the coming quarters, leading to an annual growth rate for the EU of 1% this year and 1.6% in 2025. Second, private consumption is set to drive the economic rebound, thanks to continued strength of the labour market and rising real wages, which should allow for a recovery in lost purchasing power. Third, inflation has declined further since the start of the year…

Slovak Prime Minister Robert Fico is in a stable but serious condition after being shot several times on Wednesday, according to doctors. The hospital director said he was currently in an intensive care unit after five hours in surgery. Earlier Mr Fico, 59, was said to have been fighting for his life after being gravely injured in an attack in the small town of Handlova. A suspect was detained at the scene of the shooting. Miriam Lapunikova, director of the F. D. Roosevelt University Hospital in Banska Bystrica, where Mr Fico was admitted, told a press conference that his condition…

Following broad economic stagnation in 2023, better-than-expected growth at the start of 2024 and the ongoing reduction in inflation set the scene for a gradual expansion of activity over the forecast horizon. The European Commission’s Spring Forecast projects GDP growth in 2024 at 1.0% in the EU and 0.8% in the euro area. In 2025, GDP is forecast to accelerate to 1.6% in the EU and to 1.4% in the euro area. EU HICP inflation is expected to fall from 6.4% in 2023 to 2.7% in 2024 and 2.2% in 2025. In the euro area, it is projected to decelerate…

As Europe is preparing for the approaching wildfire season, the EU is taking significant steps to bolster firefighting efforts and safeguard communities, by pre-positioning firefighters and assembling a fleet of firefighting aircraft. First, 556 firefighters from 12 countries will be strategically prepositioned across key locations in Europe this summer, such as France, Greece, Portugal, and Spain, ready to help local fire brigades. This proactive measure enhances Europe’s readiness to combat wildfires and mitigate their devastating impact on lives, homes, and the environment, and underscores the robustness of EU solidarity in addressing such crises. Second, the EU has also assembled a…

Today, the European Commission has adopted an amendment to the State aid Temporary Crisis and Transition Framework (TCTF) to prolong by six months certain provisions of the Framework aimed to address persisting market disturbances specifically in the agriculture and fisheries sectors. On 11 April 2024, the Commission consulted Member States on the persistence of a serious disturbance of the economy affecting in particular the primary agricultural, fisheries and aquaculture sectors. The Commission has also taken note of the European Council’s conclusions of 17 and 18 April 2024 on the importance of a resilient and sustainable agricultural sector for food security…

Rothschild & Co’s UK Wealth Management business has appointed Fernanda Rosset as Head of High Net Worth (HNW) Wealth Management. Fernanda joined Rothschild & Co as a Managing Director and Head of Client Strategy for the UK Wealth Management business in September 2022. In this newly created role, she will focus on further developing services to support the needs of HNW clients, particularly those who are still building their wealth. “This new role has been developed in response to significant industry trends identified through my previous client strategy role,” explains Fernanda Rosset, Head of HNW Wealth Management UK, Rothschild & Co. “We are…

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