Economy News

Economy

Italy's Economy Shows Resilience with 0.5% GDP Growth in Q4 2024

Italy's GDP grew by 0.5% in Q4 2024, showing stability and resilience. The industrial sector's recovery partially offset declines in agriculture and services, with a mixed economic...

Economy

December Sees a Surge in UK Mortgage Approvals, Reaching 66,500

The UK saw an increase in mortgage approvals for house purchases to 66,500 in December, as remortgaging approvals and consumer credit rates experienced shifts, highlighting a dynam...

Economy

Eurozone's Economic Stagnation: A Closer Look at Q4 2024 GDP Figures

The Eurozone's GDP showed no growth in Q4 2024, with a 0.1% increase in the EU. Italy's economy rose by 1.5%, while Ireland's GDP fell by 1.3%. Annual growth was 0.7% in the euro a...

Economy

Eurozone Faces Slight Uptick in Unemployment, Reaching 6.3% in December 2024

The Eurozone's unemployment rate slightly increased to 6.3% in December 2024, with Spain and Greece facing the highest rates, while Czechia, Malta, and Poland reported the lowest f...

Economy

Italy's Unemployment Rate Climbs to 6.2% in December, Surpassing Expectations

Italy's unemployment rate rose to 6.2% in December, exceeding expectations. Employment rates showed a mixed trend, with a slight increase among men but a decrease among women. Over...

Economy

Eurozone Sees Uplift in Consumer Confidence and Economic Sentiment in January

In January, the Eurozone and EU saw a slight improvement in consumer confidence and economic sentiment, with indicators showing positive trends. Employment expectations also improv...

Economy

Swiss Economy Shows Promising Signs of Recovery in January: KOF Report

The Swiss economy experienced a notable recovery in January, with the KOF Economic Barometer rising to 101.6 points. Sectors like manufacturing and hospitality saw positive develop...

Economy

Fed Chair Powell Signals No Rush to Alter Policy Amid Steady Inflation and Strong Labor Market

Federal Reserve Chair Jerome Powell stated there's no immediate need to adjust the Fed's policy stance, citing steady inflation and a strong labor market. The Fed's policy framewor...