Economy News

Economy

Vietnam's State Treasury Disburses $200M in National Day Gifts with Over 53% Budget Utilization

Vietnam's State Treasury disbursed over $200M in National Day cash gifts, achieving 53.15% of the budget. 11 provinces completed distributions, with Bac Ninh, Hung Yen, and Quang T...

Economy

South Korea's Current Account Surplus Reaches $10.78 Billion in July, Marking 27th Consecutive Month

South Korea's current account surplus hit $10.78 billion in July, the 27th consecutive positive month, driven by strong exports in semiconductors and cars, with a full-year project...

Economy

Swiss Inflation Holds Steady at 0.2% in August as Consumer Prices Show Mixed Trends

Switzerland's inflation held at 0.2% in August, with CPI down 0.1% monthly due to lower travel costs. Core inflation rose 0.7% annually, while HICP fell slightly month-over-month.

Economy

Switzerland's Unemployment Holds Steady at 2.9%, Yet Youth Joblessness Surges Alarmingly in August

Switzerland's seasonally-adjusted unemployment rate remained at 2.9% in August, but unadjusted data shows a rise to 2.8%. Youth unemployment surged by 19% monthly and 14.9% annuall...

Economy

Russian Economy Faces Accelerated Cooling: Minister Announces Urgent Forecast Revisions

Russian Economy Minister Maxim Reshetnikov announces faster-than-expected economic cooling, with the ministry finalizing updated macroeconomic forecasts including revised indicator...

Economy

Germany's Economic Outlook Dims as Ifo Cuts 2026 GDP Growth Forecast to 1.3% Amid Trade Tensions

Ifo Institute lowers Germany's 2026 GDP growth forecast to 1.3% from 1.5%, citing ongoing negative impacts from US tariffs. Q3 2025 growth is projected at 0.1%, with a rebound to 1...

Economy

UK Construction Sector Shows Signs of Stabilization as August PMI Rises, Though Activity Remains in Contraction

UK construction activity declined for the eighth straight month in August, though at a slower pace. The PMI rose to 45.5 from 44.3, remaining below 50. Civil engineering was the we...

Economy

Eurozone Retail Sales Dip 0.5% in July, While Annual Growth Remains Positive at 2.2%

Eurozone retail sales fell 0.5% in July month-on-month, with annual growth at 2.2%. Food and fuel sectors saw declines, while non-food sales rose slightly. Croatia, Estonia, and Ge...