Economy News

Economy

Unprecedented Surge in Gold Prices: What's Driving the Global Demand?

Gold prices have surged globally due to increased demand from emerging markets, political instability, and uncertainty over U.S. policies. Prices have risen significantly, with pro...

Economy

Germany's Inflation Climbs to 2.6% in December, Marking a Significant Increase

Germany's inflation rate increased to 2.6% in December, up from 2.2% in November, with the CPI rising 0.5% monthly. The annual inflation rate for 2024 was 2.2%, lower than the prev...

Economy

UK's Trade Deficit Widens to £10.8 Billion in November: A Closer Look

The UK's trade deficit surged to £10.8 billion in the three months to November, marking a £3.8 billion increase. This rise reflects ongoing economic challenges and the need for str...

Economy

UK Economy Shows Slight Improvement with a 0.1% GDP Growth in November

The UK economy experienced a slight 0.1% growth in GDP for November, indicating a potential stabilization and resilience in the face of economic challenges.

Economy

UK's Industrial Sector Faces Setback: November Sees a 0.4% Drop in Production

The UK's industrial production output saw a 0.4% decline in November, as reported by the Office for National Statistics, signaling potential challenges for the economy.

Economy

FSS Governor Lee Urges Comprehensive Risk Management Amidst Interest Rate Freeze

FSS Governor Lee Bok-hyun emphasizes the need for comprehensive risk management and detailed countermeasures amidst delayed interest rate cuts due to external uncertainties. He cal...

Economy

Bank of Korea Holds Interest Rates Steady at 3% Amid High Exchange Rate Concerns

The Bank of Korea has decided to keep the base rate unchanged at 3% due to concerns over a high exchange rate. Governor Rhee Chang-yong discussed the impacts of a strong U.S. dolla...

Economy

South Korea's Central Bank Holds Steady: Base Rate Frozen at 3% Amid Global Economic Shifts

The Bank of Korea has decided to freeze the base rate at 3% amidst economic uncertainties, including exchange rate volatility and political instability. Additionally, it has expand...