Economy News

Economy

Optimistic Outlook: US Job Market Stabilizes, Inflation Nears 2% Target

Federal Reserve Bank of Chicago President Austan Goolsbee provided an optimistic outlook on the US economy, emphasizing the stability and balance in the labor market and progress t...

Economy

Austan Goolsbee Warns: Crypto Assets Pose Stability Risks Despite Limited Economic Impact

Federal Reserve Bank of Chicago President Austan Goolsbee discusses cryptocurrency's limited macroeconomic impact and speculative nature, warning against linking volatile crypto as...

Economy

US Oil Rig Count Sees Modest Rise: What's Driving the Trend?

The US oil rig count increased by five to 482 in the week ending December 6, according to Baker Hughes. The gas rig count rose by two to 102, while the total rig count in the US re...

Economy

Japan's Economy Shows Positive Growth in Q3: A Detailed Analysis

Japan's GDP grew by 0.3% in Q3 compared to Q2, with a 1.2% yearly increase. Private consumption rose 0.7% and domestic demand grew by 0.6%, indicating a strengthening economy.

Economy

Japan's October BOP Trade Deficit Signals Economic Challenges

Japan's Finance Ministry reports a BOP trade deficit of ¥155.7 billion in October, improving from the previous month's ¥315.2 billion. Exports rose by 2.9% year-on-year, while impo...

Economy

China's Inflation Rate Dips to 0.2% in November: A Closer Look

China's annual inflation rate for November was reported at 0.2%, a slight decrease from the 0.3% recorded in the previous month. Consumer prices declined by 0.6% on a monthly basis...

Economy

Off-Season Durian Supply Drops, Yet Prices Plummet: What's Behind the Phenomenon?

Despite a limited off-season supply, durian prices in Vietnam's Mekong Delta have plummeted, causing concern among farmers. Factors such as competition from Thai durian and reduced...

Economy

South Korea's Wealth Gap: The Top 10% Control Nearly Half of Net Assets

South Korea's asset polarization is growing, with the top 10% holding 44.4% of net assets. The net asset Gini coefficient rose to 0.612, highlighting the widening gap. Real estate ...