December Sees a Surge: US Industrial Production Climbs by 0.9%
US industrial production increased by 0.9% in December, with manufacturing, mining, and utilities sectors all showing growth. Capacity utilization rose to 77.6%, indicating a posit...
Economy News
Global Economic Growth Forecasted at 3.3% in 2025 and 2026 by IMF
The IMF forecasts a global economic growth of 3.3% in 2025 and 2026, with the US and China leading the charge. Inflation is expected to decrease, but long-term fiscal adjustments i...
BoE to Implement Quarterly Rate Cuts in 2025, IMF Predicts Steady Economic Growth
The IMF forecasts that the Bank of England will implement quarterly rate cuts in 2025 to sustain economic stability, projecting UK's growth at 1.6% in 2025 and 1.5% in 2026.
December Sees a Surge: US Housing Starts Jump by 15.8%, Signaling a Robust Market
The US housing market witnessed a 15.8% increase in housing starts in December, reaching a seasonally adjusted annual rate of 1,499,000. Despite a year-over-year decrease, single-f...
Cleveland Fed President Hammack Advocates for Patience on Further Rate Cuts Amid Inflation Concerns
Cleveland Fed President Beth Hammack calls for patience on further rate cuts, citing unresolved inflation and rate-of-change issues. Despite market expectations, she voted against ...
Bold Reforms Essential for Reviving German Economic Growth, Says Bundesbank President
Deutsche Bundesbank President Joachim Nagel calls for structural reforms to revive the German economy, highlighting a period of weakness and the need for confidence-building econom...
Eurozone Inflation Hits 2.4% in December, Surpassing Previous Month's Rate
The Eurozone's inflation rate rose to 2.4% in December, up from 2.2% in November, with the EU's annual inflation reaching 2.7%. Romania, Hungary, and Croatia reported the highest r...
December Sees a Surge: UK Retail Sales Climb by 3.6% Year-on-Year
The UK's retail sales volumes saw a 3.6% increase in December compared to the previous year, according to the Office for National Statistics. This growth underscores the resilience...
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