Economy News

Economy

Germany's Unemployment Rate Holds Steady at 6.4% in February Amid Economic Challenges

Germany's unemployment rate remained steady at 6.4% in February, with a slight increase in the number of unemployed individuals. The report also highlighted a rise in underemployme...

Economy

ECB Reports: One-Year Ahead Inflation Expectations Dip to 2.6% in January 2025

The European Central Bank's January 2025 survey shows a decrease in one-year inflation expectations to 2.6%, while three-year expectations remain at 2.4%. Economic growth expectati...

Economy

Italy's Inflation Rate Climbs to 1.7% in February, Surpassing Expectations

Italy's inflation rate rose to 1.7% in February, driven by higher energy and food prices, while transport and communication services saw price reductions. The core inflation rate r...

Economy

ECB Reports Decline in 1-Year Inflation Expectations to 2.6%: A Closer Look

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

Economy

South Korea's Choi Engages in Crucial Trade Policy Dialogue with U.S. Treasury Secretary Amid Tariff Tensions

Acting South Korean President Choi Sang-mok discussed trade policies and tariffs with U.S. Treasury Secretary Scott Bessent, highlighting South Korea's economic resilience and seek...

Economy

Germany's Retail Sector Sees a Significant Uplift with a 2.9% Increase in January Sales

Germany's retail sector showed a promising start in January with a 2.9% increase in real terms compared to the previous year, according to Destatis. Both food and non-food retail s...

Economy

Swiss Retail Sales Hold Steady in January, Real Turnover Sees Modest Growth

Switzerland's retail sales remained stable in January, with nominal turnover unchanged and a slight 1.3% increase in real turnover, as reported by the Federal Statistical Office.

Economy

France Faces Economic Downturn: GDP Drops by 0.1% in Q4 2024

France's GDP saw a 0.1% decline in Q4 2024, following a 0.4% growth in the previous quarter. The report highlights a decrease in service consumption and a slight increase in goods ...