Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The European Commission slashed its growth forecast for the eurozone Thursday due to global trade tensions weighing on the region and limiting economic expansion.
The 19-member region is now set to grow at a pace of 1.1% this year and 1.2% in 2020, CNBC reported.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
“The fact that growth is no longer expected to rebound meaningfully in the next two years is a major shift compared to previous forecasts and is based on the assessment that many features of the global slowdown will be persistent,” the European Commission said Thursday in its Autumn Economic Forecasts.
“Most importantly, the surge in trade tensions and record-high uncertainty about trade policies is likely to have inflicted lasting damage to world trade,” the Commission added.
Germany is Europe’s largest economy, and it is teetering on the edge of contraction, with growth slowing across the eurozone.
Last month, Germany released weak economic data that showed a fall in employment that was mainly the result of job losses in the manufacturing sector
Related Links:
Eurozone Slowdown: Weak October Data Shows Stagnation
As Draghi Exits ECB, More Signs Of Struggle In German Economy
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.