Economy News

Economy

IEA Downgrades 2025 Oil Demand Outlook Amid Changing Global Dynamics

The International Energy Agency has adjusted its 2025 global oil demand growth forecast to 1.05 million bpd, citing factors like lower fuel prices and colder weather. It also expec...

Economy

Germany Faces Economic Challenges as GDP Drops 0.2% in 2024

Germany's GDP saw a 0.2% decline in 2024, attributed to increased competition, high energy costs, and an uncertain economic outlook, according to Destatis.

Economy

Navigating Through Uncertainty: ECB's De Guindos Advocates for Cautious Monetary Policy

ECB Vice-President Luis de Guindos emphasizes the need for cautious monetary policy due to global uncertainties, including trade tensions and geopolitical risks, advocating for a d...

Economy

France's Inflation Rate Holds Steady at 1.3% in December Amid Rising Energy Costs

France's inflation rate remained steady at 1.3% in December, with rising energy prices partially offset by slower increases in service costs. Food prices were stable, while tobacco...

Economy

Spain's Inflation Climbs to 2.8% in December: A Closer Look at the Factors

Spain's annual inflation rate in December was confirmed at 2.8%, up from November's 2.4%, largely due to a 1.6-point increase in transport prices. Monthly consumer prices rose by 0...

Economy

UK Factory Prices Edge Up: A Slight Rise in December Signals Economic Shifts

The UK's factory gate prices saw a slight increase of 0.1% in December, marking a shift from the previous month's decline. The coke and refined petroleum products sector was the la...

Economy

UK Inflation Dips Slightly to 2.5% in December, Defying Analyst Predictions

The UK's annual inflation rate slightly decreased to 2.5% in December, down from 2.6% in November, and below analysts' expectations. This development, reported by the UK Office for...

Economy

China Raises Concerns Over Contaminated Durian and Jackfruit Imports from Vietnam

China has raised concerns over contaminated durian and jackfruit imports from Vietnam, prompting increased inspections and calls for stricter oversight. Vietnam faces challenges in...