Economy News

Economy

EU Predicts US GDP to Decline by 0.8% to 1.4% by 2027 Due to Trade Tariffs

The EU projects a 0.8% to 1.4% drop in US GDP by 2027 due to trade tariffs, with potential worse outcomes if measures persist. The Eurozone and global economy could also suffer sig...

Economy

ECB President Lagarde Vows to Utilize All Tools Amid U.S. Tariff Turbulence

ECB President Christine Lagarde commits to using all necessary tools to maintain stability against U.S. tariffs, while monitoring market volatility and exchange rate impacts on inf...

Economy

French PM Francois Bayrou Criticizes Shift from US to Chinese Goods Amid Trade Turmoil

French Prime Minister Francois Bayrou warns against replacing US goods with Chinese products amid trade disputes, calling it dangerous. He criticizes US tariffs, likening their imp...

Economy

BlackRock's CEO Larry Fink Highlights Market Uncertainty and Client Anxiety in Latest Earnings Call

BlackRock CEO Larry Fink discusses the anxiety among clients due to market uncertainties, drawing parallels with past crises and hinting at potential growth opportunities following...

Economy

March Sees a Surprising 0.4% Drop in US Producer Prices, Signaling Economic Shifts

The US producer price index fell by 0.4% in March, with a significant portion of the decrease attributed to a drop in goods prices. Despite the monthly dip, annual figures show a 2...

Economy

Chancellor Rachel Reeves Stands Firm: No Income Tax, VAT, or National Insurance Hikes

British Chancellor Rachel Reeves has pledged not to increase income tax, VAT, or National Insurance, upholding Labour's pre-election promise. Despite fiscal pressures, the governme...

Economy

Kashkari Warns: U.S. Tariffs Could Fuel Inflation, Challenging Fed's Strategy

Minneapolis Fed President Neel Kashkari discusses the impact of U.S. tariffs on inflation and economic growth, noting the Fed's challenge in ensuring tariffs don't lead to long-ter...

Economy

March Sees a Surprising 0.4% Drop in US Producer Prices: What's Behind the Decline?

The US producer price index fell by 0.4% in March, with a significant drop in goods prices. Annually, prices rose by 2.7%, while core PPI excluding volatile items increased by 3.4%...