Economy News

Economy

Korea's Economic Future at Risk: Could Face Negative Growth by 2047 Without Major Reforms

The Korea Development Institute warns of potential negative economic growth by 2047 due to demographic challenges and low productivity, urging structural reforms and policy adjustm...

Economy

March Sees a 0.4% Surge in US Wholesale Inventories, Signaling Economic Growth

US wholesale inventories rose by 0.4% in March to $907.5 billion, with sales increasing by 0.6% month-on-month and 6.1% year-on-year, signaling economic growth and robust demand.

Economy

Escalating India-Pakistan Conflict Puts US-India Trade Deal on Hold, UK Deal Advances

The ongoing military conflict between India and Pakistan has delayed US-India trade deals, while agreements with the UK, South Korea, and Japan progress. President Trump announced ...

Economy

Significant Drop in US Initial Jobless Claims: A Glimpse of Economic Recovery?

Initial jobless claims in the US fell by 13,000 to 228,000, indicating potential job market stabilization. The 4-week moving average slightly increased, while the insured unemploym...

Economy

British Pound Surges Against Euro Following Bank of England's Expected Rate Cut

The British pound strengthened against the euro and dollar after the Bank of England cut interest rates by 25 basis points to 4.25%. Governor Andrew Bailey's cautious remarks and o...

Economy

BoE's Ramsden Voices Concerns Over UK Productivity and Supply Amid Trump's Tariff Uncertainty

Bank of England Deputy Governor Dave Ramsden expresses concerns over the UK's productivity and supply recovery amidst Trump's tariff policy uncertainties, highlighting potential im...

Economy

BoE's Bailey Stresses: Interest Rates Demand Vigilance Amid Global Uncertainties

Bank of England Governor Andrew Bailey warns against fixed interest rate policies, citing global uncertainties. Despite recent rate cuts to 4.25%, Bailey remains committed to a 2% ...

Economy

EU Threatens $95 Billion in US Imports with Tariffs Amid Stalled Trade Negotiations

The European Union is prepared to impose tariffs on US imports worth €95 billion following unsuccessful trade talks, potentially escalating into a full-blown trade war between the ...