Economy News

Economy

German Economy Faces Challenges: Bundesbank Forecasts 0.2% Contraction in 2024

The Deutsche Bundesbank forecasts a 0.2% contraction in the German economy for 2024, citing persistent economic headwinds and structural problems. The central bank also revised gro...

Economy

Eurozone's Industrial Output Stays Flat in October: Key Insights

Eurostat reports that the euro area's industrial output remained stable in October, driven by capital goods production. However, annual declines were noted, with significant drops ...

Economy

UK Public Predicts Inflation at 3% by 2025: BoE Survey Reveals

A BoE and Ipsos survey finds UK public expects inflation at 3% by 2025, up from 2.7% in August. Interest rate perceptions and future expectations are also detailed.

Economy

UK Economy Contracts in October, Reeves Promises Long-Term Growth

British Chancellor Rachel Reeves admits the October GDP report shows a 0.1% contraction but promises long-term growth through public finance stabilization, low tax rates, and inves...

Economy

ECB's Kazaks: Interest Rates on a Definite Downward Path

ECB Governing Council Member Martins Kazaks emphasizes the need for continued interest rate reductions following the latest 25-basis-point cut, predicting a decline in inflation by...

Economy

ECB's Muller Predicts Gradual European Economic Recovery Amid Inflation Challenges

ECB's Madis Muller forecasts a gradual European economic recovery, noting inevitable inflation fluctuations and interest rate impacts. The ECB recently cut key rates, aligning with...

Economy

Vietnam Proposes Travel Ban for Tax Debtors: A New Economic Measure

Vietnam is considering a new policy to ban individuals with tax debts of $400 or more from traveling, also extending to business representatives who owe VND100 million or more. Thi...

Economy

October Sees a Surprising Decline in UK Industrial Production

The Office for National Statistics reports a 0.6% decline in UK production output for October, showing a 0.7% decrease year-on-year.