Summarize this content to 2000 words in 6 paragraphs in Arabic
\n Boosting competitiveness in the face of weak growth and tariff threats is now a matter of urgency, says business chief.
\n ADVERTISEMENT\u201cEurope is now at a turning point,\u201d Markus Beyrer, director general of lobby group BusinessEurope, told Euronews\u2019 business editor Angela Barnes.\u201cWe will to a certain extent decide ourselves whether we \u2026 repair the flaws we have in our system,\u201d Beyrer said.\u201cIf we fail to deliver on time, to really move competitiveness up the agenda\u2026investment will continue to leave Europe at light speed,\u201d he added.The message from the European business chief comes as EU leaders convene for a summit on Thursday, where defence spending dominates discussions.Boosting competitiveness is nonetheless high up the EU\u2019s wider agenda, as the bloc seeks to improve its economy through supporting businesses.To this end, the European Commission presented its \u201cCompetitiveness Compass\u201d plan in January, building on the work of top politician Mario Draghi.The framework seeks to boost innovation by supporting the adoption of new technologies like AI, as well as presenting a strategy for decarbonisation.The action plan also aims to bolster EU supply chains and reduce dependencies, an ever-pressing priority as geopolitical divides widen.\u201cWe have to position ourselves as the solid continent in the world,\u201d Beyrer told Euronews.He added that reducing energy costs, boosting skilled labour, and cutting regulatory red tape are key priorities for BusinessEurope.\u201cEurope can only be as strong as its economy and this urgently needs to be taken care of,\u201d he said.Challenges to Europe’s economyThe eurozone economy expanded by 0.9% in 2024, nearly double the 0.4% recorded in 2023, and higher than a previous estimate of 0.7%.\u00a0Even so, growth cooled in the final months of 2024 and at the start of this year.While businesses are feeling the benefits of easing inflation and interest rates, forecasts are clouded by unpredictable trade policies from US President Donald Trump.The White House has already imposed a 25% tariff on all steel and aluminium imports into the US, as well as threatening a 200% tariff on EU-made alcohol. More tariffs on goods coming to the US are set to be imposed at the start of April, and the EU is set to announce their own levies shortly afterwards.\u201cEU retaliatory measures and a weaker euro\u2014resulting from lower US demand for European products\u2014could lift inflation by around half a percentage point,\u201d ECB President Christine Lagarde said on Thursday.ADVERTISEMENTIt’s likely such price pressures could disrupt the ECB’s rate-cutting path, presenting a setback for European companies and consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Boosting competitiveness in the face of weak growth and tariff threats is now a matter of urgency, says business chief. ADVERTISEMENT\u201cEurope is now at a turning point,\u201d Markus Beyrer, director general of lobby group BusinessEurope, told Euronews\u2019 business editor Angela Barnes.\u201cWe will to a<\/p>\n","protected":false},"author":1,"featured_media":248260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[],"class_list":{"0":"post-248259","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-travel"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/248259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=248259"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/248259\/revisions"}],"predecessor-version":[{"id":248261,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/248259\/revisions\/248261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/248260"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=248259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=248259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=248259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}