Economy News

Economy

South Korean Exporters Face Massive Losses Due to Unpredictable Exchange Rate Swings

South Korean exporters have faced significant financial losses due to the sharp depreciation of the won, with over 1 trillion won lost from foreign exchange hedge contracts last ye...

Economy

South Korea Challenges Trump's Claims on High Tariffs: A Deep Dive into Trade Facts

South Korea refutes President Trump's claims of high tariffs on U.S. imports, citing the Korea-U.S. Free Trade Agreement as evidence of low effective tariff rates. The government p...

Economy

Eurozone's Producer Prices Surge: A 0.8% Jump in January Signals Economic Momentum

In January, the Eurozone's producer prices saw a 0.8% increase, with the energy sector leading the surge. This growth, mirrored across the EU, highlights the region's economic mome...

Economy

February Sees Continued Growth in UK Business Activity Despite Challenges

The UK's private sector continues to expand for the 16th month, with a slight dip in the PMI. The service sector saw growth but faced challenges in new business and employment. Ris...

Economy

Unexpected Drop in Italian Retail Sales: A 0.4% Decrease in January

Italian retail sales decreased by 0.4% in January, missing analysts' expectations. Food sales dropped by 0.3%, and non-food sales fell by 0.5%. Yearly, retail trade rose by 0.9%, w...

Economy

Swiss Inflation Rate Dips Slightly to 0.3% in February, Marking a Subtle Economic Shift

Switzerland's annual inflation rate slightly decreased to 0.3% in January from 0.4% in February, with the Consumer Price Index rising 0.6% monthly. Higher prices in clothing, footw...

Economy

January Sees a 0.6% Drop in French Industrial Production: A Closer Look

France's industrial production decreased by 0.6% in January, with manufacturing and construction sectors also showing declines. Annual comparisons reveal a continued downward trend...

Economy

Germany's 10-Year Bond Yield Climbs to 2.72% Following Fiscal Reform Announcement

Germany's 10-year bond yield surged to 2.72%, the highest since November 2023, following fiscal reform announcements including a €500 billion infrastructure fund and adjustments to...