Economy News

Economy

Switzerland's Unemployment Rate Holds Steady at 2.7% in February: A Closer Look

Switzerland's unemployment rate stayed at 2.7% in February, with a slight increase in the number of unemployed. The job market showed signs of growth with an increase in reported v...

Economy

South Korea Announces Massive 100 Trillion Won Investment to Lead in AI and Semiconductor Technology

South Korea commits 100 trillion won to strengthen its position in advanced strategic industries like semiconductors and AI, responding to global trade tensions and technological c...

Economy

Smooth Sailing for Fed's Balance Sheet Reduction, Says NY Fed's Roberto Perli

Roberto Perli from the New York Federal Reserve reports a smooth reduction in the Fed's balance sheet, with strong financial system reserves and a stabilizing repo market. The Fed ...

Economy

Australia's Trade Surplus Surges to 5.6B AUD in January, Exceeding Expectations

Australia's trade surplus soared to 5.6 billion AUD in January, driven by a 1.3% increase in exports and a 0.3% decrease in imports, exceeding expectations and signaling strong eco...

Economy

South Korea's Inflation Rate Takes a Slight Dip to 2% in February

South Korea's annual inflation rate slightly decreased to 2% in February from 2.2% in January, according to Statistics Korea. This change is significant for economic analysis and f...

Economy

US Economic Activity Shows Slight Improvement Amidst Tariff Concerns

The Federal Reserve's Beige Book reports a slight increase in US economic activity since January, with mixed performances across districts. Labor market remains stable, but concern...

Economy

Surge in US Mortgage Applications: A 20.4% Leap Signals Spring Homebuying Season

US mortgage applications surged by 20.4% last week, with a drop in interest rates to 6.73%. This increase, alongside a rise in purchase and refinance applications, signals a strong...

Economy

Bank of England's Bailey Suggests Diminished Risk of Second-Round Inflation Effects Amid Economic Slowdown

Bank of England Governor Andrew Bailey discusses the reduced likelihood of second-round inflation effects due to the UK's economic slowdown, highlighting energy and food prices as ...