economic recovery News

UK Inflation Drops Unexpectedly to 2.6% in March, Defying Analyst Predictions

The UK's annual inflation rate unexpectedly fell to 2.6% in March from 2.8% in February, below analysts' forecasts, according to the Office for National Statistics. This developmen...

UK Economy Shows Promising Growth: Chancellor Reeves Urges Faster Action Beyond Encouraging GDP Rise

British Chancellor Rachel Reeves views the 0.5% GDP growth in February as encouraging but stresses the need for faster action to strengthen the economy and support workers. The gro...

UK Economy Shows Signs of Growth: Chancellor Reeves Calls for Faster Action Amid Encouraging GDP Data

UK Chancellor Rachel Reeves views the 0.5% GDP growth in February as encouraging but insists on faster action to strengthen the economy and support working people. Sectors like pro...

UK Economy Shows Signs of Growth: Chancellor Reeves Calls for Faster Action Amid Encouraging GDP Data

UK Chancellor Rachel Reeves views the latest GDP growth as encouraging but insists on faster action to strengthen the economy and support workers, following a 0.5% rise in February...

UK Economy Shows Signs of Growth: Chancellor Reeves Calls for Faster Action to Sustain Momentum

UK Chancellor Rachel Reeves responds to February's GDP growth of 0.5%, calling it encouraging but stressing the need for faster action to strengthen the economy and support workers...

UK Economy Shows Signs of Growth: Chancellor Rachel Reeves Calls for Faster Action

UK Chancellor Rachel Reeves views the 0.5% GDP growth in February as encouraging but calls for more rapid actions to strengthen the economy and support workers, emphasizing the nee...

UK Economy Shows Promising Growth: Chancellor Reeves Urges Faster Action for Sustainable Recovery

UK Chancellor Rachel Reeves views the 0.5% GDP growth in February as encouraging but calls for faster actions to ensure sustainable economic recovery and support for working people...

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

The UK's GDP grew by 0.5% in February, with production output surging 1.5%. Over three months, GDP increased by 0.6%, showcasing resilience in production and services sectors.

BoJ Signals Further Rate Hikes Amid Moderate Economic Recovery in Japan

Bank of Japan Governor Kazuo Ueda discusses Japan's moderate economic recovery, potential future rate hikes, and the gradual rise in inflation alongside wage growth, highlighting c...

BoJ Signals Further Rate Hikes Amid Japan's Steady Economic Recovery, Governor Ueda Reveals

Bank of Japan Governor Kazuo Ueda indicates potential further rate hikes as Japan's economy shows signs of moderate recovery, with inflation gradually rising alongside wage increas...

Japan's Economy on the Rise: BoJ Signals Further Rate Hikes Amid Steady Recovery

Bank of Japan Governor Kazuo Ueda highlights a moderate economic recovery, with plans to raise interest rates if trends continue. Inflation is below 2% but rising alongside wages, ...

Japan's Economy on the Rise: BoJ Signals Further Rate Hikes Amid Recovery

Bank of Japan Governor Kazuo Ueda highlights a moderate economic recovery, signaling potential rate hikes if trends continue. Inflation is gradually rising, with wage increases sup...

BoJ Signals Further Rate Hikes Amid Moderate Economic Recovery, Eyes Inflation Trends

Bank of Japan Governor Kazuo Ueda discusses the country's moderate economic recovery and potential rate hikes. Ueda emphasizes careful monitoring of inflation, wage growth, and int...

UK Construction Sector Shows Signs of Recovery in March Despite Ongoing Challenges

The UK construction sector showed a slight recovery in March with PMI rising to 46.4, though challenges persist, especially in civil engineering. Employment trends indicate signifi...

UK Construction Sector Shows Signs of Recovery in March Amid Continued Challenges

The UK construction sector saw a slight recovery in March with the PMI increasing to 46.4, despite civil engineering experiencing its fastest contraction since October 2020. Rising...

UK Construction Sector Shows Signs of Recovery in March Despite Ongoing Challenges

The UK construction sector showed a slight recovery in March with the PMI rising to 46.4, though challenges like job shedding and sector-specific contractions persist.

Italy Achieves Remarkable Turnaround: Posts 0.4% Budget Surplus in Q4 2024 Amid Economic Recovery

Italy reported a 0.4% GDP budget surplus in Q4 2024, a significant improvement from a 6.6% deficit in 2023. Despite rising revenues and falling expenditures, household savings and ...

Italy Achieves a Surprising 0.4% Budget Surplus in the Final Quarter of 2024

Italy surprises with a 0.4% budget surplus in Q4 2024, signaling a potential turning point in its economic recovery and fiscal stability.

China Slams Fitch's 'Biased' Credit Downgrade Amid Strong Economic Recovery Claims

China's Finance Ministry criticizes Fitch Ratings for a 'biased' downgrade of its sovereign credit rating, arguing it ignores the country's economic recovery and stable growth, des...

US Trade Deficit Shrinks to $122.7B in February: A Sign of Economic Recovery?

The US trade deficit decreased by 6.1% to $122.7 billion in February, with exports rising by $8 billion and imports slightly dropping by $100 million. Annually, the deficit increas...

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 average also dropping, signaling strength in the job market despite a slight ris...

UK Economic Activity Accelerates in March: A Closer Look at PMI Growth

The UK's PMI Composite Output Index rose to 51.5 in March, indicating growth in both services and manufacturing sectors. The Services PMI also increased, with technology and financ...

New Zealand Revamps 'Golden Visa' to Attract Global Wealth: What Investors Need to Know

New Zealand has updated its 'Active Investor Plus visa' to attract wealthy foreigners by removing the English requirement and lowering investment thresholds, aiming to boost its ec...

Thailand's Property Market Crisis: Analysts Predict Years of Downturn Amid Oversupply and Economic Woes

Thailand's property market is facing a prolonged downturn due to oversupply, weak demand, and high household debt. Analysts call for structural reforms and targeted measures to rev...

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

Germany's manufacturing sector reached a 31-month high in March, with the PMI at 48.3. Growth was driven by new orders and domestic sales, though challenges like falling employment...

Eurozone Unemployment Drops to 6.1% in February, Signaling Economic Recovery

The Eurozone's unemployment rate fell to 6.1% in February, showing a slight improvement from January and a significant drop from the previous year. Spain had the highest rate, whil...

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...

Germany's Retail Sector Soars: February Sales Jump 4.9% Year-on-Year

Germany's retail trade turnover increased by 4.9% in real terms in February compared to the previous year, with food and non-food sectors both showing growth. Monthly turnover also...

Japan's Retail Sector Sees a 0.5% Uplift in February, Signaling Economic Resilience

Japan's retail sales rose by 0.5% in February, showing signs of economic recovery and increased consumer spending. Analysts are watching closely for future trends.

South Korea Unveils a Massive 10 Trillion Won Supplementary Budget to Combat Economic Challenges and Boost AI

South Korea's government proposes a 10 trillion won supplementary budget focusing on disaster recovery, trade competitiveness, and AI development, urging quick legislative approval...

UK's Trade Deficit Narrows Significantly to £10.2 Billion in January, Signaling Economic Resilience

The UK's trade deficit has notably decreased to £10.2 billion in January, indicating a possible economic recovery. This article explores the implications of this decline and what i...

UK Retail Sales Experience a Modest 1% Rise in February, Falling Short of Forecasts

The UK's retail sales volumes increased by 1% in February year-on-year, but this growth fell short of analysts' expectations, as reported by the Office for National Statistics. The...