Economy News

Economy

Germany's Economic Forecast for 2025: Stagnation Looms as Global Trade Tensions Rise

The German government expects economic stagnation in 2025, revising previous growth forecasts. With inflation projected to fall, concerns over US trade policies highlight potential...

Economy

March Sees a Stunning 9.2% Surge in US Durable Goods Orders, Signaling Economic Resilience

In March, US durable goods orders experienced a significant 9.2% increase, with transportation equipment leading the surge. Excluding transportation, orders were stable, while defe...

Economy

ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs

Joachim Nagel of the ECB suggests tariffs will have a stronger inflationary effect in the US than in Europe, with significant implications for economic growth, especially in German...

Economy

Cleveland Fed President Hammack Signals Potential June Rate Move Amid Economic Uncertainty

Cleveland Fed President Beth Hammack discusses the potential for a June rate move, emphasizing data-driven decisions amid trade tariff uncertainties and market volatility. The Fed ...

Economy

March Sees a Sharp 5.9% Decline in US Existing Home Sales Amid Affordability Crisis

US existing home sales plummeted by 5.9% in March, with affordability challenges and high mortgage rates cited as key factors. The median sales price rose slightly, while inventory...

Economy

US Natural Gas Storage Sees Significant Weekly Increase, EIA Reports

The EIA reports an 88 Bcf weekly rise in US natural gas inventories to 1,934 Bcf, still below the five-year average and down from last year's levels.

Economy

DOGE Cuts $845M in Federal Contracts to Combat Wasteful Spending and Inefficiency

The United States Department of Government Efficiency (DOGE) has terminated 269 federal contracts worth $845 million to combat wasteful spending, saving $255 million and impacting ...

Economy

UK's Bold Leap into Renewable Energy: Starmer Announces £300M Offshore Wind Farm Project

British Prime Minister Keir Starmer announces a £300M offshore wind farm project to boost renewable energy, alongside a £2B deal with Eni S.p.A for carbon capture, aiming to create...