Economy News

Economy

Vietnam Expands Global Footprint with $665M Overseas Investments in 2024

Vietnam has significantly expanded its global investment footprint in 2024, injecting $665M into foreign markets across 16 sectors and 31 countries. Despite not reaching pre-pandem...

Economy

Thailand's Border Trade Sees a 6% Surge: A Closer Look at the Driving Forces

Thailand's border trade has grown by 6%, driven by increased demand for Thai consumer goods and better economic conditions. Key exports include diesel, refined petroleum products, ...

Economy

Senate to Grill Trump's Treasury Nominee Bessent in High-Stakes Hearing on January 16

The US Senate Finance Committee is set to hold a confirmation hearing for Scott Bessent, President-elect Donald Trump's Treasury Secretary nominee, on January 16. The hearing follo...

Economy

Federal Reserve's Bowman Highlights December Rate Cut as Final Policy Recalibration Step

Federal Reserve Governor Michelle Bowman supports the December rate cut as the final step in policy recalibration, noting the nearing of the policy rate to its neutral level and th...

Economy

Fed's Barkin Optimistic: US Economy Set for Continued Growth into 2025

Federal Reserve Bank of Richmond President Thomas Barkin expresses optimism about the US economy's resilience and growth prospects into 2025, highlighting lower consumer debt level...

Economy

Fed's Schmid Suggests Interest Rates May Be Approaching Long-Term Stability

Federal Reserve Bank of Kansas City President Jeff Schmid believes the Fed's interest rates are nearing their long-term level, advocating for a neutral policy stance and gradual ad...

Economy

UN Revises Upwards: Global Economic Growth to Hit 2.8% in 2025 Amid Resilience and Challenges

The United Nations has revised its global economic growth forecast for 2025 to 2.8%, citing resilience in the past year. Growth projections for the US and China have increased, whi...

Economy

Stabilization of Inflation Through Declining Impact of Energy Prices, Says BoE's Breeden

Bank of England's Sarah Breeden discusses the diminishing impact of energy price shocks on inflation, indicating a trend towards economic stability. Insights into the evolving dyna...