Economy News

Economy

UK Housing Market Slows: Mortgage Approvals Dip to 65,500 in February

The UK saw a slight decrease in mortgage approvals for house purchases in February, with remortgaging approvals and consumer credit also experiencing declines. Personal loan rates ...

Economy

Italy's Inflation Holds Steady at 1.6% in March: A Closer Look at the Economic Trends

Italy's annual inflation rate held steady at 1.6% in March, as reported by the National Statistics Office (INE). This stability raises questions about the future economic direction...

Economy

Germany's Retail Sector Surges: February Sees a 4.9% Jump in Sales Year-on-Year

Germany's retail trade turnover rose by 4.9% in real terms in February year-on-year, with food and non-food sectors both showing growth. Monthly figures also indicate a positive tr...

Economy

ECB's Lagarde Warns: A US-EU Trade War Would Be a Lose-Lose Scenario for All

ECB President Christine Lagarde describes a potential US-EU trade war as a "lose-lose scenario," while also noting the opportunity for EU independence. She emphasizes the challenge...

Economy

South Korea's Economy Bounces Back: Production, Consumption, and Investment Show Significant Growth in February

In February, South Korea's economy showed signs of recovery with production up by 0.6%, consumption by 1.5%, and facility investment by 18.7%, marking a significant rebound from Ja...

Economy

Germany's Retail Sector Soars: February Sales Jump 4.9% Year-on-Year

Germany's retail sector showed strong growth in February, with a 4.9% increase in real terms year-on-year, as reported by Destatis. Food and non-food retail both contributed to thi...

Economy

ECB's Lagarde Warns: A Trade War Between EU and US is a Lose-Lose for All

ECB President Christine Lagarde warns of the lose-lose scenario in a potential EU-US trade war, highlighting the risks to global economies and the opportunity for EU independence. ...

Economy

ECB's Lagarde Warns: A Trade War Between EU and US is a Lose-Lose Scenario for All

ECB President Christine Lagarde describes a potential EU-US trade war as a lose-lose scenario, highlighting the risks to global economies and the challenge of controlling Eurozone ...