Economy News

Economy

Optimistic Economic Outlook: Stable Job Market and Inflation Progress

Federal Reserve Bank of Chicago President Austan Goolsbee provided an optimistic outlook on the US economy, emphasizing the cooling labor market and progress towards the 2% inflati...

Economy

Fed's Hammack Signals Potential Slowdown in Rate Cuts Amid Inflation Concerns

Federal Reserve Bank of Cleveland President Beth Hammack suggests the central bank may slow rate reductions due to recent inflation increases. She also comments on the healthy U.S....

Economy

US Oil Rig Count Sees Modest Increase: What Does This Mean for the Industry?

The number of oil rigs in the United States increased by five to 482 in the week ending December 6, according to Baker Hughes. The US gas rig count rose by two to 102, while the to...

Economy

Japan's Economy Shows Modest Growth in Q3, Surpassing Expectations

Japan's GDP grew by 0.3% in Q3, marking a 1.2% yearly increase and surpassing expectations. Private consumption rose 0.7% and domestic demand grew by 0.6%.

Economy

Japan's October BOP Trade Deficit Drops to ¥155.7B: A Closer Look

Japan's BOP trade deficit significantly reduced to ¥155.7 billion in October, compared to ¥315.2 billion in the previous month. Exports rose by 2.9% year-on-year, while imports dec...

Economy

China's Inflation Rate Dips to 0.2% in November: What Does This Mean for the Economy?

China's annual inflation rate dropped to 0.2% in November, down from 0.3% in October, according to the National Bureau of Statistics. Consumer prices fell by 0.6% on a monthly basi...

Economy

China's Bold Economic Shift: Looser Monetary Policy and Enhanced Fiscal Support

China's Politburo announces a shift to a "moderately loose" monetary policy and a more proactive fiscal approach, aiming to boost economic consumption, stabilize the real estate se...

Economy

Vietnam's Bold Move: Reviving Nuclear Power for Sustainable Energy Future

Vietnam's National Assembly has approved plans to restart the Ninh Thuan Nuclear Power Project, aiming to diversify energy sources and meet net zero targets by 2050. The project, i...