Economy News

Economy

April 2 Tariff Announcement: What Countries Will Face New US Trade Restrictions?

US Treasury Secretary Scott Bessent announced that countries facing US trade restrictions will be assigned tariff numbers by April 2. While some tariffs may be low, 15% of countrie...

Economy

Global Oil Market Achieves Balance: Insights from Russia's Deputy Prime Minister

Russian Deputy Prime Minister Alexander Novak announced the global oil market is now balanced, following OPEC+'s output cuts. Russia plans to increase oil processing in 2025 and ex...

Economy

Eurozone Trade Dynamics Shift: A Closer Look at January's Surprising €1B Surplus

The Eurozone's trade surplus in January stood at €1 billion, a decrease from the previous year's €10.6 billion, with exports falling and imports rising. The annual surplus for 2024...

Economy

March Brings a Surge in German Economic Sentiment: ZEW Report Highlights

The German economic sentiment index rose to 51.6 in March from 26 in February, surpassing analysts' expectations. The current situation index also improved slightly, indicating a g...

Economy

Switzerland's Economic Outlook: Slight Downturn in GDP Growth Forecast for 2025 and 2026

Switzerland's GDP growth forecast for 2025 and 2026 has been slightly revised downwards by SECO, indicating a continued growth below the historical average. Domestic demand remains...

Economy

Italy's Trade Deficit Shifts Dramatically: A Deep Dive into January's €264M Shortfall

Italy experienced a significant shift in its trade balance, moving from a €5.8 billion surplus in December 2024 to a €264 million deficit in January, as reported by Istat. This cha...

Economy

Switzerland Adjusts GDP Growth Forecast: A Closer Look at Economic Trends

Switzerland's State Secretariat for Economic Affairs (SECO) has slightly lowered the GDP growth forecast for 2025 and 2026, citing below-average growth and stable domestic demand a...

Economy

Switzerland Adjusts Its Economic Growth Forecast Amid Global Trade Concerns

Switzerland's State Secretariat for Economic Affairs has revised its GDP growth forecast for 2025 and 2026 slightly downward, citing concerns over global trade tensions and expecti...