Economy News

Economy

US Housing Market Hits Six-Year Low: Tariff Fears and Economic Uncertainty Slow Sales

The US housing market slows to a six-year low with homes taking 47 days on average to sell in March, influenced by high prices, economic uncertainty, and tariff fears, as per Redfi...

Economy

Turkey's Bold Move: Central Bank Skyrockets Key Rate to 46% to Combat Inflation

Turkey's central bank has raised its key interest rate to 46% in a bold move to tackle inflation, aiming for a 5% target. The bank's tight monetary policy is designed to strengthen...

Economy

Turkey's Bold Move: Central Bank Skyrockets Key Rate to 46% to Combat Inflation

Turkey's central bank has escalated its key interest rate to 46% in a decisive move to curb inflation, emphasizing a tight monetary stance and the importance of fiscal policy coord...

Economy

Bank of Korea Holds Steady: Base Rate Remains at 2.75% Amid Global Uncertainties

The Bank of Korea maintains its base rate at 2.75% amidst global trade tensions and exchange rate volatility, signaling cautious economic stewardship. Market watchers had anticipat...

Economy

Germany's March Producer Prices Dip 0.2%, Energy Costs Lead the Decline

Germany's producer prices fell by 0.2% in March, with energy prices leading the decline. However, non-durable consumer goods, capital goods, and durable consumer goods saw price in...

Economy

Germany's March Producer Prices Dip 0.2%: Energy Costs Lead the Decline

Germany's producer prices fell by 0.2% in March, with energy prices dropping 3.6% month-over-month. However, non-durable consumer goods, capital goods, and durable consumer goods s...

Economy

Switzerland's Trade Surplus Soars to 13.7B Swiss Francs in Q1 2025 Amid Global Economic Shifts

Switzerland's trade surplus reached 13.7 billion Swiss francs in Q1 2025, with exports growing by 3.6% and imports by 5.9%. Significant increases in exports to North America and va...

Economy

Germany's Producer Prices Take a Dip in March: Energy Costs Lead the Decline

Germany's producer prices fell by 0.2% in March, with energy prices dropping significantly. Meanwhile, non-durable consumer goods and capital goods saw price increases, reflecting ...