Despite uncertain market conditions amid the Trump administration's tariff regime and major global conflicts, the International Monetary Fund has upped its global economic growth forecasts for 2025 and 2026 slightly, Statista reported on July 30.
Polish Prime Minister Donald Tusk said on July 30 that there are “many signs” that suggest the war in Ukraine may soon be at least temporarily halted but warned that even a ceasefire would not change Poland’s policy of building up its army.
Continued gains in household spending and a rebound in investment in 2Q provide a solid base for an economic recovery. GDP growth came in below expectations and was dragged down by a negative net export contribution.
The Czech National Bank (CNB) governor Jakub Seidler says he sees “limited scope” for more rate cuts due to persistent services inflaton, Reuters reported on July 30.
On July 27, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30% on European goods threatened by August to 15%, including on cars.