economic resilience News

UK Economy Shows Resilience with 0.5% GDP Growth in February Amidst Global Uncertainties

The UK's GDP grew by 0.5% in February, with production output leading at 1.5% increase. Quarterly data shows a 0.6% rise in real GDP, highlighting economic resilience.

UK Economy Shows Resilience: GDP Climbs 0.5% in February Amidst Growth Across Sectors

The UK's GDP grew by 0.5% in February, with production, construction, and services sectors all contributing to the growth. Over the December to February period, the economy expande...

Trump's Strategic Tariffs: A Calculated Move to Forge Complex Trade Deals, Aide Reveals

White House economic advisor Stephen Miran reveals President Trump's tariffs are a strategy to develop complex trade deals, emphasizing economic resilience and the need for regulat...

Fitch Ratings: Western European Banks Stand Strong Amid US Tariff Uncertainty

Fitch Ratings asserts Western European banks' resilience to US tariff uncertainties, citing strong performance and asset quality. However, economic downturns could shift the outloo...

Vietnam Embraces Dialogue Over Confrontation in US Tariff Negotiations, PM Chinh Advocates for Economic Resilience

Vietnam plans to increase dialogue with the U.S. over new tariff policies, viewing challenges as opportunities to diversify its economy. PM Chinh emphasizes the importance of explo...

UK Chancellor Rachel Reeves Prioritizes US Deal Amid Global Economic Turbulence

UK Chancellor Rachel Reeves discusses the global economic impact of US tariffs, the UK's strategic priorities in securing a US deal, and efforts to enhance international trade coll...

South Korea Achieves Record 22-Month Current Account Surplus Amid Global Economic Challenges

South Korea has achieved a current account surplus for 22 consecutive months, highlighting its economic resilience. February's surplus was $71.8 billion, with significant growth in...

China Strongly Rejects Fitch's 'Biased' Credit Downgrade, Vows Economic Resilience

China's Finance Ministry criticizes Fitch Ratings for downgrading its credit rating, calling it biased and not reflective of the country's economic stability and growth. Fitch cite...

US Job Market Shows Resilience: Initial Jobless Claims Drop to 219,000, Signaling Economic Strength

The US Department of Labor reports a decrease in initial jobless claims to 219,000, with the 4-week moving average also declining, signaling strength in the job market despite a sl...

Eurozone's Business Activity Hits a 7-Month High in March, Signaling Economic Resilience

The Eurozone's private sector activity reached a seven-month high in March, with the PMI rising to 50.9. Despite growing employment, demand declined, and business optimism waned. E...

Eurozone Business Activity Climbs to a 7-Month Peak in March, Signaling Economic Resilience

Eurozone private sector activity hits a seven-month high in March, with PMI rising to 50.9. Employment grows but demand declines, and business optimism wanes despite easing inflati...

Australia Achieves a Staggering 3B Dollar Trade Surplus in February, Signaling Economic Resilience

Australia's trade surplus reached an impressive 3 billion Australian dollars in February, highlighting the country's economic resilience and strong export performance. This achieve...

Eurozone Sees Slight Dip in Unemployment Rate to 6.1% in February, Signaling Economic Resilience

The Eurozone's unemployment rate slightly decreased to 6.1% in February, down by 0.1 percentage point from January, indicating a subtle improvement in the labor market amidst econo...

Japan's Industrial Sector Sees a 2.5% Surge in February, Signaling Economic Resilience

Japan's industrial output rose by 2.5% in February, showcasing the sector's strength and hinting at a positive economic trajectory amidst global challenges.

US Economy Shows Resilience: GDP Growth Revised Upward to 2.4% in Q4 2024

The US GDP growth for Q4 2024 was revised up to 2.4%, driven by consumer and government spending despite investment declines. Annual growth held at 2.8%, with sectors showing varie...

Indian Stock Market Continues Winning Streak: Sensex and Nifty Rise for Seventh Consecutive Day

The Indian stock market continues its bullish trend with Sensex and Nifty rising for the seventh consecutive day, showcasing investor confidence and economic resilience. Sensex gai...

Eurozone Business Activity Soars to a 7-Month Peak in March, Signaling Economic Resilience

The Eurozone's business activity reached a 7-month high in March, with the Composite PMI Output Index rising to 50.4. While the services sector saw a slight decline, manufacturing ...

Fitch Predicts Robust 6.5% GDP Growth for India in FY26, Despite US Tariff Challenges

Fitch Ratings forecasts a robust 6.5% GDP growth for India in FY26, highlighting the country's economic resilience amidst US tariff challenges. The report emphasizes India's low re...

Eurozone's Industrial Surge: A 0.8% Leap in January Signals Economic Resilience

The Eurozone's industrial production rose by 0.8% in January, showcasing economic resilience. The EU saw a 0.3% increase, but a slight year-over-year decline, indicating a mixed in...

Vietnam's Economy Stands Resilient Against US Tariffs: A Deep Dive into Bilateral Trade Relations

Despite US tariffs, Vietnam's economy remains resilient, with strong bilateral trade relations. Vietnam emphasizes harmonious trade, seeks to reduce tariff disparities, and encoura...

US Sees Significant Drop in Jobless Claims, Signaling Economic Resilience

The United States has seen a significant decrease in jobless claims, with a drop of 21,000 to 221,000 for the week ending March 1, surpassing analysts' expectations. The insured un...

February Sees a Gradual Slowdown in Australian Services Sector Growth

The Australian services sector's expansion pace slowed in February, raising questions about its impact on the broader economy. Despite this, resilience in certain areas offers a si...

February Sees a 9.1% Surge in GST Collections, Reaching 1.83 Lakh Crore: A Sign of Economic Resilience

February's GST collections in India surged by 9.1% to Rs 183,646 crore, driven by a significant rise in domestic collections. This growth reflects the country's economic resilience...

South Korea's Acting President Choi Engages in Crucial Trade Policy Talks with US Treasury Secretary Bessent Amid Tariff Tensions

Acting South Korean President Choi Sang-mok discussed trade policy and tariffs with US Treasury Secretary Scott Bessent, highlighting South Korea's economic resilience and seeking ...

Swiss Retail Sales Hold Steady in January, Defying Analyst Expectations

Switzerland's retail sales remained unchanged in January in nominal terms, with a slight 1.3% increase in real retail trade turnover, indicating a cautious market optimism despite ...

South Korea's Choi Engages in Crucial Trade Policy Dialogue with U.S. Treasury Secretary Amid Tariff Tensions

Acting South Korean President Choi Sang-mok discussed trade policies and tariffs with U.S. Treasury Secretary Scott Bessent, highlighting South Korea's economic resilience and seek...

Choi Sang-mok Engages in Crucial Trade Policy Talks with US Treasury Secretary Amid Rising Tariffs

Acting South Korean President Choi Sang-mok discussed trade policy and tariffs with US Treasury Secretary Scott Bessent, emphasizing South Korea's economic resilience and seeking e...

Exploring Trade Policies: South Korea's Choi Engages with US Treasury Secretary Bessent on Tariffs

Acting South Korean President Choi Sang-mok discussed trade policies and tariffs with US Treasury Secretary Scott Bessent, highlighting South Korea's economic resilience and seekin...

South Korea Engages in Crucial Trade Policy Talks with U.S. Amid Rising Tariffs

Acting South Korean President Choi Sang-mok discussed trade policy, tariffs, and investment with U.S. Treasury Secretary Scott Bessent. Choi highlighted South Korea's economic resi...

Surprising Uptick in Italy's Consumer Confidence Signals Economic Resilience in February

Italy's consumer confidence index rose to 98.8 in February, exceeding expectations. The economic and business confidence indices showed mixed trends, with manufacturing confidence ...

December 2024 Sees a 1.1% Surge in Swiss Retail Sales: A Sign of Economic Resilience?

Swiss retail sales saw a 1.1% increase in December 2024, with real growth at 2.6% after inflation adjustment. This reflects a resilient consumer market and positive economic indica...

U.S. Sees a Significant Drop in Initial Jobless Claims, Signaling Economic Resilience

The United States reports a significant decrease in initial jobless claims, with a drop to 207,000 for the week ending January 25, indicating a resilient labor market despite missi...