Economy News

Economy

Spain's Economy Surges: Q2 GDP Growth Exceeds Expectations with a 0.7% Rise

Spain's GDP growth exceeded expectations with a 0.7% rise in Q2 2025, as reported by the INE. Domestic demand significantly contributed to the growth, while trade activities showed...

Economy

Tension Between Bank of England and Treasury Over Revolut's Banking License Approval

Bank of England Governor Andrew Bailey stops a meeting between Chancellor Rachel Reeves and the PRA over Revolut's banking license, highlighting tensions between political desires ...

Economy

UK Sees a Surge in Mortgage Approvals and Remortgaging Hits Peak Since October 2022

The UK housing market shows signs of growth with mortgage approvals increasing to 64,200 in June, and remortgaging approvals reaching their highest since October 2022. Consumer cre...

Economy

Spain's Retail Sector Shows Resilient Growth with a 1.1% Increase in June Sales

Spain's retail sales rose by 1.1% in June, with food and other products retail trade growing by 1.2% and gas station sales by 1.3%. Annually, sales surged by 6.2%, and employment i...

Economy

ECB Survey Reveals Slight Dip in 1-Year Inflation Expectations to 2.6%, Stability in Longer Terms

The ECB's June survey shows a slight decline in 1-year inflation expectations to 2.6%, with stable longer-term forecasts. Economic growth and unemployment outlooks show minor impro...

Economy

US Treasury Announces Record $1 Trillion Borrowing Plan for Q3 2025 Amid Economic Shifts

The US Treasury plans to borrow over $1 trillion in Q3 2025, a $453 billion increase from previous estimates, due to lower starting cash balances and anticipated cash flows, aiming...

Economy

How US Tariffs Are Shaking the Foundations of Trucking ABS Performance

Fitch Ratings highlights the impact of US tariff policies on trucking ABS performance, noting stable ratings due to credit enhancements but warning of ongoing sector challenges.

Economy

Chancellor Merz Warns: Germany's Economy Faces Heavy Blow from New EU-US Trade Deal

German Chancellor Friedrich Merz warns that the new EU-US trade deal will significantly harm Germany's export economy due to asymmetric tariffs, with 15% duties on German exports a...