Economy News

Economy

RBA Holds Firm: Australia's Central Bank Stays Cautious Amid Global Economic Uncertainties

The Reserve Bank of Australia keeps interest rates steady amid global economic uncertainties, citing restrictive financial conditions and the potential impact of US tariffs on infl...

Economy

South Korea Proposes $8.43 Billion Extra Budget to Tackle AI, Trade, and Welfare Challenges

South Korea's Finance Minister proposes a 12 trillion won extra budget to focus on disaster recovery, trade, AI competitiveness, and public welfare, marking a 2 trillion won increa...

Economy

Fed's Waller Highlights Trade Policy Uncertainties and Inflation Concerns in St. Louis Speech

Federal Reserve's Christopher Waller discusses the uncertainties of trade policies and tariffs, their impact on financial markets, and potential inflation spikes in a speech to fin...

Economy

OPEC Adjusts 2025 Global Oil Demand Forecast to 1.3M bpd Amid Economic Shifts

OPEC revises its 2025 global oil demand growth forecast down to 1.3M bpd, citing Q1 data and US tariffs. OECD and non-OECD countries show varied demand growth adjustments, with a s...

Economy

OPEC Lowers Global Growth Forecast to 3% Amid Trade Uncertainty and Economic Slowdown

OPEC has downgraded its global economic growth forecast for 2025 to 3%, citing trade uncertainties and slowdowns in major economies like the US, Eurozone, and China, with a slight ...

Economy

IMF Raises Alarm: Escalating Trade Wars Could Undermine Global Financial Stability

The IMF warns that trade wars and geopolitical risks could lead to significant declines in stock prices and increased sovereign risk premiums, threatening global financial stabilit...

Economy

Hassett Confirms Major Breakthrough in EU Tariff Negotiations Amid Economic Optimism

Kevin Hassett, U.S. National Economic Council Director, dismisses recession fears and announces progress in EU tariff talks. He also addresses insider trading allegations and previ...

Economy

Soaring Inflation and Job Insecurity: Americans Face Economic Uncertainty Amid Pandemic Echoes

US consumers are increasingly worried about inflation and job security, with fears reaching levels not seen since the early days of the COVID-19 pandemic. The New York Federal Rese...