Economy News

Economy

South Korea's Economy Faces a Setback: Q1 GDP Contracts by 0.2%, Signaling Tough Times Ahead

South Korea's economy contracted by 0.2% in Q1, marking the first decline since last year. The downturn, driven by reduced domestic demand and exports, raises concerns over the cou...

Economy

BNP Paribas Reports a Strong 12.5% Revenue Growth to €5.28B in Q1 2025

BNP Paribas reports a 12.5% increase in Q1 2025 revenue to €5.28 billion, with net income at €2.95 billion. CEO Jean-Laurent Bonnafe highlights strategic initiatives and Europe's r...

Economy

South Korea's Economic Sentiment Index Rises Slightly Amidst Global Tariff Tensions and Semiconductor Surge

South Korea's economic sentiment index improves slightly despite U.S. tariff concerns, driven by semiconductor sector growth. Manufacturing and non-manufacturing sectors show resil...

Economy

Vietnam's Growing Appetite for US Farm Products: A Surge in Imports and Demand

Vietnam's imports of US farm products, including raisins, potatoes, avocados, and chicken, are booming due to high-quality standards and recent tariff reductions. US exports grew b...

Economy

Fed's Hammack Highlights Liquidity and Market Dynamics: Not All Swings Are Bad

Federal Reserve Bank of Cleveland President Beth Hammack discusses the abundance of market liquidity, the implications of a large Fed balance sheet, and the strategic reduction of ...

Economy

ECB's Villeroy Signals Further Rate Cuts Amid Near-Target Inflation Achievement

ECB's Francois Villeroy de Galhau announces near achievement of inflation targets and hints at further rate cuts, while expressing optimism about the Eurozone's economy amidst glob...

Economy

Global Public Debt to Surge: IMF Predicts a 2.8 Percentage Point Increase by 2025

The IMF predicts a 2.8 percentage point increase in global public debt by 2025, potentially reaching 95% of GDP. This trend may continue, with debt nearing 100% of GDP by the decad...

Economy

April Sees a Significant Slowdown in US Private Sector Activity, Raising Economic Concerns

The US private sector showed a notable slowdown in April, with the PMI Composite Output Index hitting a 16-month low at 51.2. Service sector activity declined, while manufacturing ...