Economy News

Economy

Christine Lagarde Warns of Global Repercussions from Tariff Implementations

ECB President Christine Lagarde warns of the global negative impact of tariffs, highlighting the uncertainty and potential for retaliatory measures. She calls for clarity before ma...

Economy

December Sees a Sharp 5.5% Drop in US Pending Home Sales, NAR Reports

In December 2024, US pending home sales fell by 5.5%, with the Northeast and South regions experiencing significant drops. NAR Chief Economist Lawrence Yun notes the setback reflec...

Economy

US Natural Gas Reserves Witness a Significant Drop: A Closer Look at the Latest EIA Report

The latest EIA report highlights a significant 321 Bcf decrease in US natural gas inventories, with current levels below the five-year average. Despite the drop, reserves remain wi...

Economy

South Korea Faces Economic Headwinds: Growth Forecast Slashed Amid Export Slump

Morgan Stanley and J.P. Morgan have revised South Korea's economic growth forecasts downwards, citing export downturns and global uncertainties. The Bank of Korea's rate cuts and p...

Economy

Switzerland's Trade Surplus Hits Record 15.1B Swiss Francs in Q4 2024

Switzerland's trade surplus reached 15.1 billion Swiss francs in Q4 2024, driven by a 7.3% increase in exports, especially in chemical and pharmaceutical sectors. Imports rose by 1...

Economy

Swiss Economy Sees Uplifting Start to 2025 with KOF Barometer Rise

Switzerland's economic outlook improved in January 2025, with the KOF Economic Barometer rising to 101.6 points. Key sectors like manufacturing and hospitality drove the growth, de...

Economy

January Sees a Surge in Spanish Inflation to 3%, Fueling Economic Concerns

Spain's inflation rate increased to 3% in January, driven by higher fuel and electricity prices. This rise from December's 2.8% exceeded analysts' expectations, with monthly consum...

Economy

Germany Faces Economic Slowdown: Q4 GDP Drops by 0.4% Amid Export Declines

Germany's GDP is expected to fall by 0.4% in Q4, with exports significantly lower. Despite increases in consumption, the economy faces challenges.