Economy News

Economy

US Economy Shows Resilience: GDP Climbs 2.3% in Q4 2024 Amidst Global Challenges

The US GDP grew by 2.3% in Q4 2024, matching expectations. Inflation rose slightly, with the PCE price index up by 2.4%. For 2024, the economy expanded by 2.8%, with inflation indi...

Economy

Trump Announces New Tariffs on Canada and Mexico Effective March 4, Extends Additional Charges to China

President Donald Trump has confirmed that tariffs on Canada and Mexico will start on March 4th, with additional charges for China. There was initial confusion over the dates, but T...

Economy

January Sees a Sharp 4.6% Decline in US Pending Home Sales, Hitting Record Low

US pending home sales fell by 4.6% in January, reaching a record low. The South saw the largest drop, while the Northeast experienced a slight increase. Factors like severe weather...

Economy

Surprising Uptick in Italy's Consumer Confidence Signals Economic Resilience in February

Italy's consumer confidence index rose to 98.8 in February, exceeding expectations. The economic and business confidence indices showed mixed trends, with manufacturing confidence ...

Economy

February Sees a Surge in Eurozone Consumer Confidence: A Glimmer of Economic Hope

In February, the Eurozone saw an increase in consumer confidence, with indicators rising slightly. The European Union also experienced a modest improvement. However, employment exp...

Economy

ECB Forecasts: Short-Term Inflation to Hover Around Current Levels Amid Economic Uncertainties

The European Central Bank (ECB) forecasts short-term inflation to remain around current levels, with services inflation expected to slow down. Economic growth perspectives are mixe...

Economy

Surprising Spike: US Jobless Claims Jump by 22,000, Hitting 242,000

The US sees an unexpected rise in jobless claims, with a 22,000 increase to 242,000 for the week ending February 22, surpassing analysts' expectations. The 4-week moving average al...

Economy

Surge in US Durable Goods Orders: A 3.1% Jump in January Signals Economic Momentum

US durable goods orders saw a 3.1% increase in January, driven by a significant rise in transportation equipment orders. Excluding transportation, orders remained stable, showcasin...