Economy News

Economy

Dow Plummets Over 890 Points as Recession Fears and Tariff Uncertainty Grip the U.S. Stock Market

The U.S. stock market faced a significant downturn amid fears of a recession and uncertainties surrounding tariff policies. Major indices plummeted, reflecting investor anxiety and...

Economy

South Korea Targets European Defense Markets Following EU's Massive 800 Billion Euro Rearmament Strategy

South Korea is focusing on European defense markets and Ukraine's reconstruction, following the EU's 800 billion euro rearmament plan. Acting President Choi Sang-mok emphasizes the...

Economy

Japan's Economy Shows Resilient Growth: A 0.6% Expansion in Q4 2024

Japan's GDP grew by 0.6% in Q4 2024, with an annualized growth rate of 0.6% and a year-on-year increase of 2.9%, according to the Cabinet Office's final report.

Economy

Ontario Implements 25% Electricity Export Tax to the US Amid Trade Tensions

Ontario Premier Doug Ford announced a 25% tax increase on electricity exports to the US, impacting 1.5 million Americans in Minnesota, New York, and Michigan. The move is a respons...

Economy

ECB's Joachim Nagel Emphasizes the Importance of Solid Public Finances for Eurozone Growth

ECB's Joachim Nagel underscores the necessity of solid public finances for Eurozone growth, proposing a twelve-point plan for Germany's higher growth path, emphasizing the importan...

Economy

NY Fed Reports Rise in Short-term Inflation Expectations to 3.1% Amid Economic Shifts

The NY Fed's February 2025 survey shows a rise in short-term inflation expectations to 3.1%, with household spending growth expectations increasing to 5%. Concerns about future fin...

Economy

Kevin Hassett Predicts Resolution of Trade Uncertainty by Early April

Kevin Hassett, Director of the United States National Economic Council, anticipates the resolution of trade policy uncertainty by early April, with new tariffs effective April 2. H...

Economy

ECB's Nagel Emphasizes the Importance of Solid Public Finances for Eurozone and Germany

ECB's Joachim Nagel emphasizes the critical need for solid public finances in the Eurozone and Germany, proposing a twelve-point plan for Germany's growth and advocating for Europe...