Economy News

Economy

December Sees a Surprising Dip: US Private Payrolls Increase by Only 122K

In December, the US private sector added 122,000 jobs, falling short of expectations and below November's figures. The healthcare sector was a standout performer, contributing sign...

Economy

Federal Reserve Governor Waller Advocates for Further Rate Cuts in 2025 Amid Inflation Concerns

Federal Reserve Governor Christopher Waller supports additional interest rate cuts in 2025, confident inflation will reach the 2% target despite challenges. He warns of risks from ...

Economy

US Mortgage Applications Dip by 3.7%: A Sign of Cooling Housing Market?

US mortgage applications decreased by 3.7%, following a 12.6% drop the previous week, signaling a potential cooling in the housing market. The Market Index and Purchase Index both ...

Economy

South Korean Cosmetics Exports Surge to a Record $10 Billion, Marking a Decade of Growth

South Korean cosmetics exports have reached a historic $10 billion, showcasing a decade of growth despite recent challenges. Skincare leads with $7.67 billion, while China remains ...

Economy

Indonesia Launches $4.4 Billion Free Meal Initiative to Combat Child Malnutrition and Boost Economy

Indonesia's $4.4 billion free meal program, aimed at combating child malnutrition and stimulating economic growth, has quietly launched. Targeting 82.9 million beneficiaries by 202...

Economy

December Sees a Sharp Decline in Euro Area and EU Consumer Confidence

In December 2024, the euro area and EU saw a decline in consumer confidence, with indicators falling to negative 14.5 and 13.4 respectively. The Economic Sentiment and Employment E...

Economy

Eurozone Producer Prices See a 0.4% Rise in November: A Closer Look at the Economic Implications

Producer prices in the Eurozone and EU rose by 1.6% in November compared to October, but showed a decrease compared to November 2023, indicating a complex economic environment.

Economy

Economic Slowdown and Tight Auto Loans Lead to a 25% Drop in Thailand's Luxury Car Sales in 2024

Thailand's luxury car sales dropped by 25% in 2024 due to economic slowdown and stricter auto loan conditions. The decline also affected the pickup truck segment, marking the lowes...