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Transatlantic News
Transatlantic News
10
Jul
Job markets remain resilient, with labour force participation reaching record highs in many OECD countries and unemployment at historically low levels. However, there are signs of a slowdown as geopolitical and trade policy uncertainties dampen economic activity, according to a new OECD report.
The OECD Employment Outlook 2025 reports that OECD-wide employment, which reached 668 million in May 2025 – up by about 26% since 2001 – is expected to grow by around 1.1% in 2025 and 0.7% in 2026. Having been...
10
Jul
NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the June 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations ticked down at the short-term horizon and remained unchanged at the medium- and longer-term horizons. Unemployment and job loss expectations improved. Spending growth expectations slightly declined, while household income growth expectations increased. Households were more optimistic about their year-ahead financial situations and credit access. The survey was fielded from June 2 through June...
08
Jul
The 2nd operational meeting of the Transatlantic Resilient Infrastructure Alliance (TRIA) was held in Seville, Spain on July 1st, 2025. It took place in the context of the International Business Forum at the UN's 4th Financing for Development Conference. TRIA is a joint initiative between the European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY), that aims to unite key actors to support the financing of infrastructure investments in low- and middle-income countries.
With only...
08
Jul
Thank you, Paschal. Good evening, everyone.
First of all, I would like to congratulate Paschal on his re-election as President of the Eurogroup.
Today's outcome shows the strong confidence that euro area finance ministers place in your leadership.
I look forward to continuing our close collaboration to address the challenges and seize the opportunities that lie ahead for the euro area.
Moving on to other important topics that we discussed today.
I would like to thank President Lagarde for presenting the European Central Bank's...
08
Jul
What decision did the Council take today?
The European Commission published its 2025 Convergence Report on 4 June 2025. The report confirmed that Bulgaria has met the criteria to adopt the euro on 1 January 2026. As a result of that assessment, the Commission adopted proposals for a Council Decision on Bulgaria adopting the euro and a Council Regulation to include Bulgaria in the list of countries that have adopted the euro as their national currency. At the end of...
03
Jul
The European Commission selected 94 transport projects to receive nearly €2.8 billion in EU grants under the Connecting Europe Facility (CEF). By modernising railways, inland waterways and maritime routes across the trans-European transport network (TEN-T), the projects will not only help better connect European regions and cities – north to south, east to west, but also make the EU's internal market more competitive, and more resilient.
Europe's green transition runs on rail
Rail transport will receive the largest share of the funding - 77% of the...
03
Jul
By José Manuel Campa and Isabel Schnabel
European and national authorities have joined forces with banks to integrate reporting requirements across Europe. This will reduce costs for banks and improve data quality. In this blog post we describe the European integrated reporting initiative and present some initial results.
Collecting data from banks is essential for authorities to conduct monetary policy, supervision and resolution. But banks in Europe are facing more and more regulatory reporting requirements from various European and national authorities....
03
Jul
Geopolitical and trade tensions continue to be a challenge for the EU economy. Deepening structural reforms and reprioritising public spending are needed to boost growth, according to a new OECD report.
The latest OECD Economic Survey of the European Union and Euro Area projects that GDP growth in the euro area will strengthen to 1.0% in 2025 and 1.2% in 2026, up from 0.8% in 2024. Inflation in the euro area is easing, projected at 2.2% in 2025 and 2.0% in 2026,...
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