Previous close | 1.0727 |
Open | 1.0765 |
Bid | 1.0765 |
Day's range | 1.0765 - 1.0765 |
52-week range | 1.0450 - 1.1276 |
Ask | 1.0760 |
Euro area governments unable to put in place consistent medium-term fiscal plans face credit-rating pressure even though reducing public borrowing is possible including for highly indebted countries, says Scope Ratings.
After five years of near-zero cumulative growth since the pandemic, Germany’s recovery is unlikely to accelerate without policy reform and an increase in net investment, supported by its significant fiscal space.
A full-scale Middle East conflict is unlikely but any further escalation of tensions would have significant adverse consequences for commodity markets and inflation, affirming geopolitical developments as a core economic challenge globally.