Economy News

Economy

Korea Faces Growing Asset Inequality Crisis: MPC Member Urges Action

Jang Yong-seong of the Bank of Korea's MPC warns of worsening asset inequality in South Korea, overshadowing improvements in income disparity. Highlighting real estate as a key are...

Economy

March Sees a Sharp Decline in US Consumer Confidence, Hitting New Lows

US consumer confidence experienced a significant drop in March, reaching its lowest since November 2022, with inflation expectations on the rise, according to the University of Mic...

Economy

South Korea Tightens Steel Import Rules to Combat Chinese Dumping Tactics

South Korea is enhancing its steel import regulations to prevent Chinese dumping, focusing on stricter origin verification to protect its domestic industry amidst global trade tens...

Economy

US Commerce Secretary Advocates for Auto Tariffs as a Fair Trade Measure

US Commerce Secretary Howard Lutnick discusses the importance of auto tariffs for protecting domestic manufacturing and sustaining economic growth. With tariffs on EU imports set t...

Economy

ECB's Holzmann Advocates for Interest Rate Stability in April Amid Global Uncertainties

ECB's Robert Holzmann suggests pausing interest rate cuts in April, citing a neutral monetary policy stance and potential inflation risks from global political developments. Update...

Economy

UK Chancellor Rachel Reeves Addresses Global Changes and Economic Challenges

UK Chancellor Rachel Reeves discusses the global changes affecting the world and the UK's response, including economic reforms and increased defence spending, following a 0.1% GDP ...

Economy

France's Inflation Rate Drops Significantly to 0.8% in February, Marking a Notable Decrease

France's inflation rate dropped to 0.8% in February, influenced by a significant decrease in energy prices and a slower rise in service prices. Food and tobacco prices also saw cha...

Economy

Surprising 3.2% Surge in Italy's Industrial Output Signals Economic Revival

Italy's industrial production rose by 3.2% in January, signaling potential economic recovery. Sector-wise, capital goods led the growth, while energy output declined. Year-on-year,...