Economy News

Economy

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

Germany's private sector activity shows a significant decline in March, with the Composite PMI Output Index dropping to a four-month low of 49.7. The Services PMI hits a 14-month l...

Economy

Malaysia Aims to Dominate China's Durian Market with Fresh, High-Quality Exports Amid Surging Demand

Malaysia is targeting a larger share of China's durian market, leveraging its naturally ripened durians to compete with Thailand and Vietnam. With plans to increase exports by 20-2...

Economy

Durian Export Crisis: How China's Stricter Quality Checks Are Shaking Vietnam's Fruit Market

Vietnam's durian exports to China face challenges due to stricter quality inspections, causing prices to drop and shipments to delay. Farmers and exporters are seeking solutions to...

Economy

IMF Dramatically Lowers South Korea's 2025 Growth Forecast Amid Global Economic Uncertainties

The IMF has drastically lowered South Korea's 2025 growth forecast to 1.0%, the sharpest cut among major economies, citing global trade tensions and weak domestic demand. The globa...

Economy

South Korea's Bio Industry Expands into Southeast Asia with Strategic Export Roadshow

South Korea launches a biomedical export roadshow in Southeast Asia, aiming to diversify its bio industry's export markets. With participation from 20 companies and over 350 meetin...

Economy

Chey Tae-won Urges Korea and Japan to Forge Economic Alliance for Global Competitiveness

Chey Tae-won calls for Korea-Japan economic cooperation to tackle shared challenges like low growth and aging populations, proposing joint initiatives and strategies for global com...

Economy

Trump Signals Softened Stance on China Trade and Reaffirms Fed Chair's Position Amid Economic Talks

President Trump indicates a softer approach to China trade talks and confirms Jerome Powell will remain as Fed Chair, aiming for economic stability and progress.

Economy

Japan's Services Sector Shows Promising Growth in April, Marking a Significant Upturn

Japan's services sector experienced a significant upturn in April, with the au Jibun Bank Flash Services Business Activity Index rising to 52.2. The overall private sector also saw...