Economy News

Economy

US Economy Shows Strong Momentum with 3% GDP Growth in Q2, Says Treasury Secretary Bessent

US Treasury Secretary Scott Bessent reports a 3% GDP growth in Q2, signaling a return of confidence and momentum to the economy. He credits President Trump's policies and anticipat...

Economy

Klingbeil Warns: Germany's 2027 Budget Faces a Daunting €30 Billion Shortfall

German Finance Minister Lars Klingbeil warns of a €30 billion budget shortfall by 2027 due to increased spending and interest rates, urging immediate government action and fiscal c...

Economy

Bessent Predicts No Fed Rate Cut Today, Calls for More Creative Economic Strategies

US Treasury Secretary Bessent anticipates no rate cut by the Federal Reserve today, suggesting the Fed needs more creativity in its economic strategies. He and President Trump prai...

Economy

Vietnam's Durian Exports to China Soar by 70% Amid Enhanced Quality Control Measures

Vietnam's durian exports to China have rebounded with a 70% increase, reaching $360 million, thanks to improved quality control and the popularity of frozen durian. Efforts to meet...

Economy

Vietnamese Golden Lychees Make a Splash at Costco, Showcasing Vietnam's Agricultural Excellence

Vietnamese lychees, under the 'Golden Lychees' brand, have debuted at Costco in the U.S., showcasing Vietnam's agricultural excellence. Imported by Dragonberry Produce, these lyche...

Economy

Surprising Drop in Italian GDP: A 0.1% Decline Signals Economic Challenges Ahead

Italy's GDP saw a 0.1% decline in Q2, missing expectations, with a slight annual increase of 0.4%. Sectoral impacts varied, with domestic demand up but exports down.

Economy

France's Economy Shows Resilience with a 0.3% GDP Growth in Q2, Surpassing Expectations

France's GDP grew by 0.3% in Q2, exceeding analyst expectations. Growth was driven by increases in imports, exports, and household consumption, alongside a rise in total production...

Economy

Fed Holds Steady: Interest Rates Unchanged Amid Trade War and Inflation Concerns

The Federal Reserve is anticipated to keep interest rates unchanged, amidst global trade uncertainties and inflation concerns. President Trump's calls for rate cuts contrast with r...