Europe
Slower Euro-area inflation will allow steady rate cuts
Euro-area inflation slowed to 2.2% in March, led by weaker energy and services prices
EUEuropean policies in Africa carry risks
Many European countries are looking to reduce their foreign assistance budgets significantly
AfricaSecurity concerns will prolong European gas demand
Concern over energy security is prompting continued investment in gas infrastructure across Europe
EuropeGazprom’s woes will continue without European market
Gazprom, Russia’s state-owned energy behemoth, suffered record financial losses in 2024
RussiaRussian cyber groups will continue to target Europe
EU and NATO diplomats have warned of the rise in Russian cyber activity targeting Europe
InternationalUS-EU tariff increases will cause both economic losses
The EU has hiked tariffs on US imports in response to US measures but hopes for a negotiated solution
InternationalMajor French nuclear security pivot remains unlikely
France has reaffirmed its interest in extending its nuclear umbrella to other European countries
France
