Economy News

Economy

Swiss Inflation Dips Slightly to 0.3% in February: A Closer Look at Consumer Prices

Switzerland's inflation rate slightly decreased to 0.3% in February from January's 0.4%, with the Consumer Price Index rising 0.6% monthly. Core inflation and HICP also showed incr...

Economy

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

France's industrial production decreased by 0.6% in January, with manufacturing and construction outputs also seeing significant declines. The production of capital goods notably c...

Economy

Trump's Stance on Tariffs Sparks Intense Debate Over U.S.-South Korea Trade Dynamics

President Trump's recent remarks on tariffs have sparked a debate over U.S.-South Korea trade relations, highlighting concerns over trade imbalances and the effectiveness of existi...

Economy

South Korea Faces a Record $10 Billion Tourism Deficit in 2024, Signaling Economic Challenges Ahead

In 2024, South Korea's tourism deficit surpassed $10 billion due to a slow recovery in tourism revenue despite a rebound in foreign tourists. Factors include decreased duty-free sa...

Economy

China Strikes Back with Retaliatory Tariffs as US Imposes New Duties

China has retaliated against new U.S. tariffs with its own set of measures, including export and investment restrictions on 25 U.S. firms and additional tariffs on U.S. agricultura...

Economy

South Korea's Economic Milestone: Per Capita National Income Climbs to $36,624 in 2024

South Korea's per capita national income rose to $36,624 in 2024, marking a 1.2% increase from 2023. The GDP deflator and investment rates reflect the economy's resilience, with a ...

Economy

Global Trade Tensions Escalate as Trump Imposes Heavy Tariffs on Canada, Mexico, and China

President Trump's imposition of steep tariffs on Canada, Mexico, and China has triggered immediate retaliation and threatens to disrupt $2.2 trillion in annual U.S. trade. This mov...

Economy

South Korea's Economic Growth Forecast Remains Steady at 0.2% for Q1 Amid Challenges

The Bank of Korea forecasts a 0.2% growth in South Korea's real GDP for Q1, amidst economic challenges and government efforts to stimulate demand. Insights into recent data and fut...