Economy News

Economy

How Energy Abundance Fuels Economic Growth: Insights from Treasury Secretary Scott Bessent

U.S. Treasury Secretary Scott Bessent advocates for energy abundance to spur economic growth, praises World Bank's openness to nuclear energy, and calls for technological neutralit...

Economy

UK Eager to Break Down Trade Barriers with US, Chancellor Rachel Reeves Announces

British Chancellor Rachel Reeves announces the UK's readiness to remove trade barriers with the US, highlighting balanced trade and the potential for a deal. She emphasizes the imp...

Economy

Sharp 12.7% Drop in US Mortgage Applications Signals Economic Uncertainty

The US mortgage applications plummeted by 12.7% in the week ending April 18, as per the MBA survey. Key indexes and mortgage rates showed a downward trend, with experts citing econ...

Economy

ECB's Nagel Warns: Germany Faces Potential Recession in 2025 Amid Economic Optimism

ECB's Joachim Nagel discusses Germany's economic prospects, highlighting a potential 2025 recession but expressing long-term optimism. He praises fiscal stimulus efforts and calls ...

Economy

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

The IMF warns of a significant rise in global public debt by 2.8 percentage points in 2025, potentially reaching 95% of GDP. With trade policy uncertainties, debt could surpass pan...

Economy

April Sees a Sharp Decline in US Private Sector Activity, Reaching a 16-Month Low

The US private sector activity slowed significantly in April, with the PMI Composite Output Index falling to a 16-month low of 51.2. The services sector saw a decline, while manufa...

Economy

Surge in US New Home Sales: A 7.4% March Increase Signals Robust Market Growth

US new home sales rose by 7.4% in March, with 724,000 units sold, indicating a strong market growth. Inventory levels and median prices show dynamic changes, reflecting the current...

Economy

Bessent Advocates for Global Economic Fairness: 'America First' Doesn't Exclude International Collaboration

US Treasury Secretary Scott Bessent emphasizes that 'America first' aims for fairness in global economics, advocating for collaboration and reform in international trade and organi...