Economy News

Economy

Germany's Unemployment Holds Steady at 6.4% in February, Defying Analyst Predictions

Germany's unemployment rate remained at 6.4% in February, with a slight increase in the number of unemployed individuals. The underemployment rate also saw a rise, reflecting the c...

Economy

ECB Reports Drop in 1-Year Inflation Expectations to 2.6%, Signaling Economic Shifts

The European Central Bank's January 2025 survey indicates a decrease in 1-year inflation expectations to 2.6%, while 3-year expectations remain at 2.4%. Economic growth expectation...

Economy

South Korea's Acting President Choi Engages in Crucial Trade Policy Talks with US Treasury Secretary Bessent Amid Tariff Tensions

Acting South Korean President Choi Sang-mok discussed trade policy and tariffs with US Treasury Secretary Scott Bessent, highlighting South Korea's economic resilience and seeking ...

Economy

UK Housing Market Sees a 3.9% Surge in February: A Closer Look

The UK housing market saw a 3.9% annual growth in February, with average house prices reaching £270,493. Despite affordability challenges, market activity remains resilient, especi...

Economy

January Sees a Significant 2.9% Surge in German Retail Sales

Germany's retail sector experienced a notable 2.9% increase in real terms in January, with food and non-food sectors showing varied growth trends.

Economy

Swiss Retail Sales Hold Steady in January, Defying Analyst Expectations

Switzerland's retail sales remained unchanged in January in nominal terms, with a slight 1.3% increase in real retail trade turnover, indicating a cautious market optimism despite ...

Economy

France's Economy Stumbles: GDP Dips 0.1% in Q4 2024 Amid Mixed Sector Performance

France's GDP saw a 0.1% decline in Q4 2024, with mixed sector performance as services consumption fell and goods consumption rose. Exports and imports both increased by 0.4%, leavi...

Economy

Surprising Drop in French Inflation: From 1.7% to 0.8% in Just One Month

French inflation rates unexpectedly dropped to 0.8% in February, the first time below 1% since February 2021, primarily due to a significant decrease in energy prices, while tobacc...