Economy News

Economy

December Sees Eurozone Manufacturing Hit a Three-Month Low: What's Next?

The Eurozone Manufacturing PMI dropped to 45.1 in December, marking a three-month low and signaling worsening conditions in the manufacturing sector, as reported by S&P Global ...

Economy

December Sees Further Decline in German Manufacturing Sector Activity

The German manufacturing sector's activity continued to decline in December, with the HCOB Germany Manufacturing PMI dropping to 42.5. Experts predict a challenging start to the ne...

Economy

December Sees a Surge in UK House Prices with a 4.7% Annual Growth

The UK housing market ended 2024 with a strong 4.7% annual growth in house prices in December, as per the Nationwide House Price Index. Despite affordability challenges, the market...

Economy

Record High: South Korean Government's Borrowing and Interest Payments Soar

The South Korean government's borrowing from the Bank of Korea hit a record high of 173 trillion won in 2024, with interest payments exceeding 200 billion won. This marks a signifi...

Economy

South Korea Shatters Export Records in 2024 with $683.8 Billion Milestone

South Korea set a new export record in 2024 with $683.8 billion, driven by semiconductor and ship exports. This achievement moved the country to sixth in global export rankings, wi...

Economy

South Korea Launches Massive 360 Trillion Won Trade Finance Initiative to Propel Exports

South Korea has announced a 360 trillion won trade finance plan to support its export-driven economy, including a Special Program for Mega Orders and measures to diversify export m...

Economy

Bank of Korea Governor Advocates for Economic Policy Independence from Political Influence

Bank of Korea Governor Rhee Chang-yong criticizes Cabinet members for opposing the appointments of Constitutional Court judges, emphasizing the need for economic policy independenc...

Economy

Forecast: Korean Won to U.S. Dollar Exchange Rate Hits 1,440 in Q1 Amid Economic Challenges

The won-dollar exchange rate is forecasted to average 1,440 won in Q1, driven by political instability, economic challenges, and external pressures. Despite efforts to stabilize th...