Economy News

Economy

ECB's Makhlouf Warns: US-EU Trade Deal Could Slow Down Economic Growth Amid Tariffs

ECB's Gabriel Makhlouf warns that the US-EU trade deal, featuring 15% tariffs on EU goods, may slow economic growth by affecting firms and consumers, though it could reduce global ...

Economy

IMF Optimistically Adjusts Global Growth Forecast to 3% for 2025, Signaling Economic Recovery

The IMF has raised its global growth forecast for 2025 to 3%, up from 2.8%, with adjustments for 2026 and country-specific growth rates, amid expectations of changing tariff impact...

Economy

Weak Jobs Data Sparks Drop in US Treasury Yields: A Sign of Economic Cooling?

US Treasury yields fell sharply after the Bureau of Labor Statistics reported a significant drop in job openings, indicating potential cooling in the labor market. The 10-year Trea...

Economy

China and US Forge Ahead: Trade War Truce Extended Amid Constructive Stockholm Talks

China and the US have agreed to extend their trade war truce following constructive talks in Stockholm, with both sides reviewing the Geneva consensus and committing to continued d...

Economy

Trump Proposes 15-20% Reciprocal Tariff Rate for Over 200 Countries, Excluding Major Partners

President Trump announces a 15-20% reciprocal tariff on over 200 countries without U.S. trade agreements, potentially disadvantaging South Korea and pressuring China to open its ma...

Economy

Trump's Final Call: Korea's High-Stakes Trade Negotiations Hang in the Balance

Korean trade officials urgently met U.S. Commerce Secretary Howard Lutnick in Scotland, signaling a push to finalize negotiations. With preparations complete, the decision now lies...

Economy

South Korea's Economic Challenge: Rising Resource Allocation Inefficiency Threatens Innovation

The Bank of Korea reports a tripling in resource allocation inefficiency since the 1990s, with the service sector hit hardest. Solutions include better funding access for innovativ...

Economy

South Korean Forex Market Soars: Record High Transactions Amid Won Appreciation Hopes

South Korea's forex market hits a record high with $82.16 billion daily transactions in Q2, driven by won appreciation hopes, extended trading hours, and increased foreign investme...