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Euro-Area Firms Shift Operations on Geopolitics Worries, ECB Finds
Large corporations in the euro area are relocating production across the globe more actively as geopolitical risks rise, according to a survey by the European Central Bank. While more traditional motivations like lowering expenses are still driving firms to go outside the European Union, increased uncertainty was cited as a reason for recent or planned moves into the bloc, the ECB said in a research article published Monday. Activity in both directions is expected to pick up over the next five years. The findings highlight “a shift in firms’ priorities from simply focusing on cutting costs or improving efficiency ... (full story)