Economy News

Economy

South Korea's Green Industry Surges: Orders and Exports Soar to Record High

South Korea's green industry orders and exports have reached a record high of 22.7 trillion won, surpassing the target and marking a significant increase compared to last year. The...

Economy

Japan's Trade Deficit Narrows Significantly in November Amidst Export Growth

Japan's merchandise trade deficit for November was ¥117.6 billion, a significant improvement compared to the ¥462.1 billion deficit recorded in October. Exports increased by 3.8% y...

Economy

Trump's Tariff Threats Loom Large: Fitch Sounds Alarm on Global Trade Disruptions

Fitch warns that Trump's proposed tariffs could negatively affect global commodity markets, especially base metals, chemicals, and oil, due to reduced Chinese demand. The tariffs c...

Economy

Atlanta Fed Lowers Q4 GDP Growth Estimate to 3.1% Amid Economic Data Updates

The Atlanta Fed's GDPNow model estimates Q4 2024 U.S. GDP growth at 3.1%, down from 3.3%. This revision follows updated economic data from the Census Bureau, US Bureau of Labor Sta...

Economy

Breaking: House Speaker Johnson Announces Progress on Stopgap Bill

House Speaker Mike Johnson announces progress on the next stopgap bill, aimed at keeping the government funded through March 14, with $10 billion for farmers.

Economy

December Sees No Change in US Home Builder Confidence Amidst Economic Challenges

US home builder confidence in newly-built single-family homes remained unchanged in December, according to the NAHB/Wells Fargo HMI. The index stood at 46, with various sub-indices...

Economy

US Industrial Production Sees Slight Decline in November: Key Insights

US industrial production decreased by 0.1% in November compared to the previous month and by 0.9% compared to 2023, with manufacturing output up by 0.2% but down 1% year-on-year. M...

Economy

US Manufacturing and Trade Inventories Climb by 0.1% in October, Reaching $2.58 Trillion

US Census Bureau reports a 0.1% increase in manufacturing and trade inventories, reaching $2.58 trillion in October, reflecting a 2.4% annual growth.