Economy News

Economy

Exclusive: Kevin Hassett Reveals Major Breakthrough in EU-US Trade Negotiations Amid Recession Fears

US National Economic Council Director Kevin Hassett dismisses recession fears and insider trading allegations, while highlighting progress in EU-US trade negotiations and the upcom...

Economy

Rising Inflation and Unemployment Fears: US Consumers Brace for Economic Uncertainty

US consumers face rising inflation and unemployment fears, with a New York Federal Reserve survey showing a jump in one-year inflation expectations to 3.6% and increased job loss a...

Economy

OPEC Slashes 2025 Oil Demand Growth Forecast to 1.3M bpd Amid Economic Shifts

OPEC revises its 2025 global oil demand growth forecast down to 1.3 million bpd, citing Q1 data and US tariffs. OECD and non-OECD countries show varied growth rates, with overall d...

Economy

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

OPEC revises global growth forecast down to 3% for 2025, citing trade uncertainties. The US and Eurozone face slowdowns, while China shows resilience with growth projections of 4.6...

Economy

IMF Raises Alarm: Escalating Trade Wars Pose Grave Risks to Global Financial Stability

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

Economy

Hassett Confirms: No Recession in Sight as US-EU Tariff Talks Show Significant Advancements

Kevin Hassett, US National Economic Council Director, assures no recession this year and reports progress in US-EU trade talks. He also discusses a new semiconductor tariff targeti...

Economy

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

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

Economy

OPEC Lowers Global Economic Growth Forecast to 3% Amid Trade Uncertainties

OPEC revises global economic growth forecast down to 3% for 2025, citing trade uncertainties. The US and Eurozone face slower growth, while China is expected to maintain steady exp...