Economy News

Economy

Vietnam's Economy Shines with a 7.09% GDP Growth in 2024, Marking a Remarkable Recovery

Vietnam's GDP grew by 7.09% in 2024, marking a significant recovery and positioning the country as a regional economic bright spot. The service sector led the growth, contributing ...

Economy

Unexpected Rise in Australian Inflation: A Closer Look at November's CPI Increase

Australia's inflation rate unexpectedly rose to 2.3% in November, with core inflation measures showing mixed trends. The CPI excluding volatile items increased, while the 'trimmed ...

Economy

December Sees a Surge in US Services Sector Activity, ISM Reports

The US services sector witnessed a significant improvement in December, with the Services PMI rising to 54.1%, indicating stronger business conditions and economic confidence.

Economy

US Job Market Holds Steady: 8.1 Million Openings in November

The US job market remained stable in November with 8.1 million job openings, as per the US Bureau of Labor Statistics. The JOLTS report indicated little change in hires and separat...

Economy

US Trade Deficit Widens to $78.2 Billion in November, Surpassing Expectations

The US trade deficit increased to $78.2 billion in November, up $4.6 billion from the previous month, with exports and imports both seeing significant growth. This marks a 13.0% in...

Economy

Germany Adjusts December Inflation Rate Downward to 2.8%, Surpassing ECB Target Again

Germany's December inflation was adjusted to 2.8%, slightly down from the initial 2.9% forecast. The annual inflation rate rose to 2.6%, marking the third month above the ECB's 2% ...

Economy

Eurozone Inflation Climbs to 2.4% in December: What's Driving the Surge?

The Eurozone's inflation rate is expected to rise to 2.4% in December, driven primarily by services. This article explores the factors behind this increase and provides insights in...

Economy

Italy's Inflation Holds Steady at 1.3% in December, Defying Market Expectations

Italy's inflation rate remained steady at 1.3% in December, influenced by lower prices in several sectors but countered by rising energy costs. The Harmonised Index of Consumer Pri...