Economy News

Economy

Vietnam Poised to Overtake Singapore in GDP by 2029, Becoming a Regional Powerhouse

Vietnam's GDP is expected to surpass Singapore's by 2029, reaching $676 billion, and could rise to $1.41 trillion by 2039. With a focus on labor productivity, education, and techno...

Economy

South Korea Pledges Rapid Action to Stabilize Financial Markets Amid Volatility

South Korea's acting President Choi Sang-mok has announced the government's readiness to implement swift and bold measures to stabilize the financial and foreign exchange markets. ...

Economy

Slovak PM Condemns Ukraine for Gas Transit Halt, Threatens Retaliation

Slovak Prime Minister Robert Fico criticizes Ukraine for halting gas transit to Europe, accusing it of sabotaging Slovakia's public finances and threatening retaliatory measures in...

Economy

Stagnant Growth: US Construction Spending Holds Steady in November

In November, US construction spending remained unchanged at a $2.15 trillion annual rate, with private construction slightly up and public spending slightly down. Year-to-date figu...

Economy

December Sees Continued Contraction in US Manufacturing Sector

The US manufacturing sector continued to contract in December, with a PMI of 49.4, down from November's 49.7. New orders and production fell, while delivery times increased. Firms ...

Economy

US Job Market Shows Resilience: Jobless Claims Drop to 211,000

The US Department of Labor reports a significant decrease in jobless claims to 211,000, alongside a drop in the insured unemployment rate to 1.2%, signaling a strengthening job mar...

Economy

Sharp Decline in US Mortgage Applications Signals Market Shift

The latest Mortgage Bankers Association's survey reveals a 12.6% drop in US mortgage applications, with rising interest rates and declining purchase and refinance indexes signaling...

Economy

Sharon Donnery Joins ECB Supervisory Board: A New Era for European Banking Safety

Sharon Donnery has been appointed to the ECB's Supervisory Board, bringing her extensive experience from the Central Bank of Ireland to enhance the safety of the European banking s...