Economy News

Economy

Germany's Manufacturing Sector Hits 31-Month High in March, Signaling Robust Economic Recovery

Germany's manufacturing sector reached a 31-month high in March, with PMI at 48.3, driven by new orders and domestic sales. Despite growth, challenges like declining employment per...

Economy

EU Stands Firm: Von der Leyen Unveils Robust Strategy Against US Tariffs

European Commission President Ursula von der Leyen announces the EU's readiness to retaliate against US tariffs, emphasizing a preference for negotiation but prepared to protect Eu...

Economy

Swiss Retail Sales Show Promising Growth with a 0.5% Increase in February

Swiss retail sales experienced a 0.5% increase in February, with adjusted figures showing a 1.6% rise year-over-year, exceeding expectations and indicating a robust consumer market...

Economy

UK Housing Market Shows Resilience: Annual Price Growth Holds Steady at 3.9% in March

The UK housing market maintained a steady annual growth rate of 3.9% in March, with average prices slightly increasing. Experts attribute the stability to the end of the stamp duty...

Economy

RBA Holds Steady: Australia's Interest Rates Remain at 4.1% Amid Global Uncertainties

The Reserve Bank of Australia keeps the cash rate steady at 4.1% in April, amid global uncertainties and geopolitical tensions, reaffirming its commitment to inflation targets as t...

Economy

Goldman Sachs Slashes U.S. Stock Market Forecast Amid Rising Tariff Tensions and Economic Uncertainty

Goldman Sachs lowers its U.S. stock market outlook and GDP growth forecast amid tariff tensions and economic uncertainty, now expecting three Fed rate cuts in 2025.

Economy

USTR Report Highlights Trade Barriers in South Korea Ahead of Reciprocal Tariffs Implementation

The USTR's annual NTE report criticizes South Korea's trade barriers, including beef import restrictions, agricultural biotechnology approvals, defense procurement policies, and di...

Economy

China's Manufacturing Sector Shows Robust Growth: PMI Climbs to 51.2 in March

China's manufacturing PMI rose to 51.2 in March, marking a four-month high and the sixth consecutive month above the neutral mark, indicating sustained sector expansion amidst slig...