Economy News

Economy

ECB's Stournaras Raises Alarm: Trump's Tariffs Could Severely Impact Eurozone's Economic Growth

ECB's Yannis Stournaras warns that Trump's tariffs could lead to a negative demand shock in the eurozone, potentially reducing growth by up to 1% and pushing inflation below the EC...

Economy

UK Housing Market Sees a 2.8% Annual Growth in March Amidst Challenges

The UK housing market experienced a 2.8% annual growth in March, with average prices at £296,699, despite a monthly decline. Challenges include higher borrowing costs and limited p...

Economy

Germany's Industrial Output Takes a Hit: February Sees a 1.3% Drop Across Key Sectors

Germany's industrial output declined by 1.3% in February, with significant drops in construction, food industry, and energy production. The sector faces a challenging period, with ...

Economy

Germany's Trade Surplus Rises to €17.7 Billion in February, Defying Expectations

Germany's trade surplus rose to €17.7 billion in February, exceeding January's figures but falling short of last year's and analysts' expectations. Exports and imports showed mixed...

Economy

Korea's Trade Minister Heads to U.S. Amid Rising Tariff Tensions: A Strategic Move to Protect Export Interests

Korea's Trade Minister Cheong In-gyo visits Washington to negotiate lower U.S. tariffs amid President Trump's global tariff enforcement, aiming to protect Korean export interests.

Economy

South Korea's Economy Faces Growing Downside Risks as KDI Issues Fourth Consecutive Warning

The Korea Development Institute warns of increasing downside risks to South Korea's economy for the fourth consecutive month, citing deteriorating external conditions and declining...

Economy

UK House Prices See a 2.8% Annual Rise in March Amid Market Challenges

The UK housing market shows a 2.8% annual increase in house prices in March, with an average price of £296,699, despite a 0.5% monthly drop. Challenges like high borrowing costs an...

Economy

Unexpected Drop: German Industrial Output Falls by 1.3% in February Amid Economic Challenges

Germany's industrial production fell by 1.3% in February, with a 4.0% drop compared to last year, signaling potential economic challenges ahead. More details to follow.