Headlines of the EFE Economic Day for Wednesday March 20, 2024 (1:00 p.m.)

Spain deficit

Madrid – Spain closed 2023 with a general deficit of 3.7% of GDP, two-tenths lower than expected and one point lower than in 2022, putting it in a good starting position for a return to European limits this year when fiscal rules are re-enforced.

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America types

WASHINGTON – The U.S. Federal Reserve announced its decision on interest rates and delivered its latest macroeconomic projections after wrapping up its March monetary policy meeting days after learning that inflation rose to 3.2% in February.

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– China maintains its benchmark interest rate at 3.45%.

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– Brazil's central bank also holds a monetary policy meeting.

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UE BCE

Frankfurt (Germany) – European Central Bank (ECB) President Christine Lagarde said this Wednesday that interest rates could fall if data for May and June reveal that monetary policy has shifted to the economy, mainly on falling inflation. It is important to ensure that price declines are consolidated from there.

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France Google

PARIS – The French competition authority announced this Wednesday that it will impose a fine of 250 million euros in a dispute over the payment of media content, because it considers that the American giant is not willing to negotiate with them in reality.

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EU Air Transport

Brussels – The EU's major airlines have called for strikes by air traffic controllers this Wednesday to avoid delays, a deep reform of routes and a promotion for the production of sustainable fuels (SAF, its acronym in English).

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