Economy News

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, with key indexes and interest rates showing unfavorable trends for homebuyers.

Economy

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

ECB's Joachim Nagel warns of a potential recession in Germany by 2025 but remains hopeful for recovery. He praises fiscal stimulus efforts and discusses global economic challenges,...

Economy

South Korea Seeks Tariff Relief in High-Stakes U.S. Trade Negotiations Amid Export Slump

South Korea is engaging in critical trade negotiations with the U.S. to address tariff impositions that have led to a notable decline in exports, particularly in the automotive and...

Economy

Germany's Economic Slowdown Deepens: Composite PMI Hits Four-Month Low in April

Germany's private sector activity declined in March, with the Composite PMI Output Index dropping to 49.7, indicating contraction. The Services PMI hit a 14-month low, while manufa...

Economy

Eurozone's Business Activity Takes a Hit in April: A Closer Look at the Declining PMI Indexes

The Eurozone's business activity saw a decline in April, with the Composite PMI Output Index hitting a 4-month low. The services sector weakened significantly, while manufacturing ...

Economy

UK's Private Sector Faces Sharp Decline in April: A Deep Dive into PMI Figures

The UK's private sector activity saw a sharp decline in April, with PMI figures dropping significantly. Manufacturing and services sectors both reported lows, attributed to global ...

Economy

Eurozone Construction Output Takes a Hit: February Sees a 0.5% Decline

In February, the Eurozone's construction output decreased by 0.5%, with the EU seeing a 0.4% drop. Despite this, year-on-year figures show slight growth. Sector-specific declines w...

Economy

Eurozone's Trade Surplus Soars to €24B in February, Marking a Significant Economic Upturn

The Eurozone's trade surplus surged to €24 billion in February, with exports and imports both showing significant annual growth, indicating a robust economic recovery and resilienc...