China emphasizes private sector growth amid economic shifts

Europe is at a critical juncture as it navigates its economic and security landscape amid ongoing conflicts and shifting US policies. The ongoing war in Ukraine and recent diplomatic engagements between US President Donald Trump and Russian President Vladimir Putin raise hopes for a potential ceasefire, which could stabilize energy prices and bolster the euro. However, the imposition of US tariffs poses significant challenges for European trade, especially for companies reliant on exports beyond Europe. As US support dwindles, European nations face mounting security demands, necessitating increased defense spending and complex political decisions. Meanwhile, in India, the State Bank of India forecasts a GDP growth of 6.3% for 2024-25, supported by resilient domestic demand despite global economic challenges. In China, President Xi Jinping's recent support for the private sector aims to fuel growth in technology and emerging industries, signaling a renewed focus on innovation and economic transformation.