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Eurozone GDP growth revised up to 0.6% in first quarter
Eurozone GDP growth revised up to 0.6% in first quarter
Economy
by  AFP

The eurozone economy expanded at a significantly faster pace than estimated in the first three months of 2025, official data showed Friday, thanks to better-than-expected growth in Germany and strong output in Ireland. The data confirms a pivot back to expansion for Germany after its economy contracted by 0.2 percent in the final quarter last year.

Russia cuts interest rates from two-decade high as economy slows
Russia cuts interest rates from two-decade high as economy slows
Economy
by  AFP

Russia's central bank on Friday cut its key interest rate to 20 percent -- down from a two-decade high of 21 percent -- as the economy slows and officials say months of rapid price rises are coming under control. The bank had come under increasing political pressure this year to cut interest rates, which businesses said was throttling the economy and killing investment.