economic recovery News

Top IT Firms in India Set Ambitious Fresher Hiring Targets for FY26 Amid Economic Recovery

India's top IT firms, including TCS and Infosys, are increasing their fresher hiring targets for FY26, encouraged by signs of economic recovery and renewed tech investment. Despite...

December Sees a Surge: UK Retail Sales Climb by 3.6% Year-on-Year

The UK's retail sales volumes saw a 3.6% increase in December compared to the previous year, according to the Office for National Statistics. This growth underscores the resilience...

Unexpected Surge: China's December Retail Sales Jump by 3.7%, Beating Forecasts

China's retail sales in December surged by 3.7% year-on-year, exceeding expectations and showing an increase from the previous month's 3%. This growth highlights the resilience of ...

China's Economy Surges: A 5.4% GDP Growth in Q4 Signals Robust Recovery

China's economy shows a robust recovery with a 5.4% GDP growth in the fourth quarter, driven by strategic government policies and stimulus measures. This growth highlights China's ...

ECB's Chief Economist Philip Lane Foresees Further Monetary Easing Amid Economic Recovery

European Central Bank Chief Economist Philip Lane anticipates additional monetary easing to support the European economy's recovery from the coronavirus pandemic, with consumption ...

China's Inflation Rate Dips Slightly to 0.1% in December, PPI Also Sees Decline

China's annual inflation rate slightly decreased to 0.1% in December, with the Producer Price Index also declining by 2.3% year-on-year, according to the National Bureau of Statist...

Vietnam's Economy Shines with a 7.09% GDP Growth in 2024, Marking a Remarkable Recovery

Vietnam's GDP grew by 7.09% in 2024, marking a significant recovery and positioning the country as a regional economic bright spot. The service sector led the growth, contributing ...

Eurozone Unemployment Hits a New Low: Drops to 6.3% in November

The Eurozone's unemployment rate has decreased to 6.3% in November, signaling a positive shift in the labor market. This improvement is attributed to increased economic activity an...

UK 30-Year Gilt Yield Soars to 27-Year High Amid Economic Optimism

UK gilt yields hit a 27-year high as optimism over economic recovery and a proposed budget plan fuel market confidence. The 30-year yield rose to 5.207%, with significant increases...

Italy's Unemployment Rate Drops to 5.7% in November, Beating Expectations

Italy's unemployment rate decreased to 5.7% in November, a positive shift that exceeded analysts' expectations, indicating potential economic recovery and resilience.

December Sees a Boost in France's Composite PMI: A Glimmer of Economic Recovery?

France's PMI Composite Output Index improved in December, indicating a slight recovery in business activity. However, the service sector remains in contraction, with challenges in ...

December Sees U.S. Manufacturing Sector Edge Towards Growth: ISM Report

The U.S. manufacturing sector showed a slight improvement in December, with the PMI rising to 49.3 from 48.4 in October, according to the ISM. This indicates a slow move towards gr...

November Sees a 2.2% Surge in US New Home Sales: What's Driving the Market?

US new home sales experienced a 2.2% increase in November, signaling potential growth in consumer confidence and the housing market. Analysts are closely monitoring this trend for ...

Bank of Japan Anticipates a Gradual Economic Upturn Amid Cautious Rate Hikes

Bank of Japan's board members advocate for a cautious approach to rate hikes, with future increases contingent on inflation and economic trends meeting expectations. Uncertainties ...

Financial Struggles: 230 Companies at Risk of Insolvency, FSS Reports

The Financial Supervisory Service reports 230 companies at risk of insolvency, with D grade companies showing significant increase. This highlights ongoing financial struggles amid...

BoJ Governor Ueda: Economic Recovery Faces Persistent Uncertainties

Bank of Japan Governor Kazuo Ueda discusses the country's moderate economic recovery and ongoing uncertainties, explaining the decision to maintain interest rates unchanged and loo...

BoJ Stands Pat on Interest Rates: What's Next for Japan's Economy?

The Bank of Japan maintains its benchmark interest rate at 0.25%, reflecting a strategy of stability amidst a complex economic environment. This decision aims to balance growth and...

BOJ's Interest Rate Hike Plans in Jeopardy as Small Firms Struggle with Wage Increases

Japan's small firms are struggling with wage increases, casting doubt on the BOJ's ability to raise interest rates. Policymakers are closely watching whether smaller firms can sust...

EU Plans to Issue €90 Billion in Bonds to Support Recovery and Neighbouring Partners

The European Commission plans to issue up to €90 billion in bonds in the first half of 2025 to support the EU's recovery from the pandemic, strengthen its economy, and aid neighbou...