economy News

UK Inflation Dips Slightly to 2.5% in December, Defying Analyst Predictions

The UK's annual inflation rate slightly decreased to 2.5% in December, down from 2.6% in November, and below analysts' expectations. This development, reported by the UK Office for...

China's Trade Surplus Soars to $104.84 Billion in December, Exceeding Expectations

China's trade surplus rose to $104.84 billion in December, exceeding expectations with a 10.7% increase in exports and a 1% rise in imports compared to the previous year, as report...

Canada's Economy on the Line: LeBlanc Warns of US Tariffs Impact

Canada's Minister of Finance Dominic LeBlanc warns of the serious threat US tariffs pose to Canada's economy and workers, calling for unified efforts to protect trade ties.

December Sees a Slight Dip in Japan's Consumer Confidence: What's Behind the Trend?

In December, Japan experienced a slight decrease in consumer confidence, raising questions about the factors affecting consumer sentiment and its implications for the economy. Anal...

South Korea's Business Confidence Plummets to Four-Year Low Post-Martial Law

South Korea's business sentiment has reached its lowest point in over four years, since the COVID-19 pandemic, following the declaration of martial law. The Composite Business Sent...

Turkey Slashes Interest Rates to 47.5%: A Bold Move to Stabilize Economy

The Central Bank of the Republic of Turkey has cut its key interest rates to 47.5%, the first reduction since February 2023, aiming to stabilize the economy by addressing inflation...

Spain's Economy Shows Encouraging Growth in Q3: A Detailed Analysis

Spain's GDP grew by 0.8% in Q3, signaling a positive economic trajectory. This growth has sparked optimism among economists and investors, with more analysis to come.

December Sees a Decline in Eurozone Consumer Confidence: What's Behind the Dip?

The European Commission reports a decline in the Eurozone's consumer confidence index for December, dropping to negative 14.5 points from the previous month's negative 13.7.

US Jobless Claims Drop Sharply: What Does It Mean for the Economy?

US jobless claims dropped by 22,000 to 220,000 in the week ending December 14, indicating a potential strengthening in the job market. The 4-week moving average increased to 225,50...

Fed Chair Powell: Sustained Inflation Progress Crucial for Future Rate Cuts

Federal Reserve Chair Jerome Powell highlighted the need for sustained inflation reduction before considering additional interest rate cuts, adjusting the projected rate cuts for 2...

Federal Reserve Predicts Interest Rate to Reach 4.4% by End of 2024 - What Does This Mean for the Economy?

Federal Reserve Board members and bank presidents estimate the federal funds rate to be 4.4% by the end of 2024, indicating potential impacts on the economy.

Enterprise Boom: Over 218,500 Businesses Established and Resuming Operations in 11 Months

In November, nearly 11,200 new enterprises were established with total registered capital of VND138.6 trillion. Over 7,700 enterprises resumed operations, while more than 96,200 su...

China's Trade Surplus Soars to $97.44B in November: A Closer Look

China's trade surplus rose to $97.44 billion in November, up from $95.27 billion in October, surpassing expectations. Exports increased by 6.7% in dollar terms, while imports decli...

China's Trade Surplus Hits Record High in November: What's Behind the Surge?

China's trade surplus reached a record high of $97.44 billion in November, up from $95.27 billion in October, surpassing market expectations. Exports grew by 6.7% in dollar terms, ...

Japan's Economy Shows Positive Growth in Q3: A Detailed Analysis

Japan's GDP grew by 0.3% in Q3 compared to Q2, with a 1.2% yearly increase. Private consumption rose 0.7% and domestic demand grew by 0.6%, indicating a strengthening economy.

Vietnam's Trade Surplus Hits $24.3B: A Closer Look at the Numbers

Vietnam's trade surplus reached $24.3 billion in the first 11 months of the year, with exports and imports totaling $715.55 billion, up 15.4% from a year earlier. November alone ac...

Japan's Economy Shows Encouraging Growth in Q3, Surpassing Expectations

Japan's GDP grew by 0.3% in Q3 compared to Q2, with a 1.2% annual increase, surpassing expectations. The growth was driven by a 0.7% rise in private consumption and a 0.6% increase...

South Korea's Export Growth Slows to a Worrying 1.4% in November

South Korea's export growth rate has slowed to 1.4% in November, marking the lowest increase in recent months. This decline is causing concerns about the economy's sustainability, ...

Thailand's Generous Handout: $289 for Senior Citizens in January

Thailand's government is launching the second phase of its US$14 billion stimulus program in January, targeting senior citizens with a cash handout of 10,000 baht each. This initia...

Cabinet Approves 55 Billion Baht for Government Housing Bank's 'Happy Home, Happy Life' Project

The Cabinet has allocated 55 billion baht to the Government Housing Bank (GHB) to provide soft loans for home buyers and homeowners seeking to repair their premises. This decision ...

Germany's Economic Crisis: Energy Shock Exposes Longstanding Weaknesses

Germany's once-thriving economy is now struggling due to an energy crisis, exposing longstanding weaknesses. The International Monetary Fund and the European Union expect Germany's...

Turkey's Annual Inflation Drops to 47.09% in November: A Slight Relief Amidst Economic Challenges

Turkey's annual inflation rate dropped to 47.09% in November, down from 48.58% in the previous month. Despite the decline, education and housing prices saw the highest increases, w...

Eurozone Manufacturing Crisis Deepens in November: PMI Hits New Low

The manufacturing sector in the Eurozone continued to struggle in November, with the Purchasing Managers' Index (PMI) dropping to 45.2 from 46 in October, according to a joint repo...