Economy News

Economy

France's Trade Deficit Widens to €7.2 Billion in February, Surpassing Analyst Expectations

France's trade deficit expanded to €7.2 billion in February, exceeding expectations, as exports fell and imports rose, with significant impacts from the energy and manufactured goo...

Economy

Singapore Faces Economic Uncertainty as US Imposes Rigid 10% Universal Tariff

Singapore's Prime Minister Lawrence Wong warns of serious risks to the nation's trade-dependent economy due to the US's non-negotiable 10% universal tariff, potentially leading to ...

Economy

South Korea Achieves Record 22-Month Current Account Surplus Amid Global Economic Challenges

South Korea has achieved a current account surplus for 22 consecutive months, highlighting its economic resilience. February's surplus was $71.8 billion, with significant growth in...

Economy

Singapore's Economy at Risk: US Universal Tariffs Could Derail Growth, Says PM Wong

Singapore's PM Lawrence Wong warns that the US's new 10% universal tariff could severely impact the country's trade-dependent economy, potentially leading to revised growth forecas...

Economy

Thai Rice Prices Plummet to Over Three-Year Low Amid Global Trade Tensions and Subdued Demand

Thai rice prices hit a three-year low, with India and Vietnam also experiencing declines due to weak demand and new US tariffs. The global rice market faces challenges as prices dr...

Economy

Fed's Goolsbee Warns: Rising Tariffs Could Trigger Trade War and Spike Inflation

Federal Reserve's Austan Goolsbee warns that escalating tariffs could lead to a trade war, increasing inflation. Amid strong US economic data, uncertainty and public anxiety grow, ...

Economy

Asian Markets Plunge as Investors Clamor for Swift US Rate Cuts Amid Trade Tensions

Asian markets experienced significant declines as investors anticipate US rate cuts amidst ongoing trade tensions. Global recession fears grow, impacting oil and gold markets, with...

Economy

Fed's Goolsbee Warns: Rising Tariffs Could Ignite Trade War and Fuel Inflation

Federal Reserve Bank of Chicago President Austan Goolsbee warns that a major global trade conflict, fueled by tariffs, could drive inflation higher. Amid strong US economic data, u...