Economy News

Economy

February Sees a 0.4% Rise in US Personal Spending Amid Economic Growth

The US saw a 0.4% increase in personal spending in February, with the PCE price index rising by 0.3% monthly and 2.5% annually. Personal income also grew, supporting economic expan...

Economy

January Sees a Surprising 0.4% Growth in Canada's GDP, Led by Goods-Producing Industries

Canada's GDP grew by 0.4% in January, exceeding expectations, primarily driven by a 1.1% increase in goods-producing industries. The manufacturing sector and utilities also showed ...

Economy

Italy's Producer Prices Surge by 6.2% in February 2025, Signaling Economic Shifts

Italy's Producer Price Index (PPI) surged by 6.2% in February 2025 year-on-year, with a 0.7% monthly increase, as reported by Istat, highlighting significant economic trends.

Economy

March Sees a Sharp Decline in Eurozone Consumer Confidence Amid Economic Uncertainty

In March, consumer confidence in the Eurozone and EU saw a notable decline, with economic sentiment and employment expectations also falling below their long-term averages, signali...

Economy

Trump Imposes 25% Tariffs on Foreign Vehicles: Global Markets React and Allies Threaten Countermeasures

President Trump announces 25% tariffs on foreign-built vehicles and key auto parts, sparking global market reactions and threats of countermeasures from US trading partners. The mo...

Economy

Germany's Unemployment Rate Dips to 6.3% in March, Signaling a Slight Economic Improvement

Germany's unemployment rate slightly decreased to 6.3% in March, with a minor drop from February but an increase compared to last year. Underemployment also rose, indicating mixed ...

Economy

ECB Vice-President Foresees Inflation Easing Amid Rising US-EU Trade Tensions

ECB Vice-President Luis de Guindos expresses optimism about euro zone inflation meeting the 2% target, despite concerns over US-EU trade tensions sparked by tariff policies.

Economy

Spain's Prime Minister Urges U.S. to Reconsider 'Nonsensical' Auto Tariffs Amid Trade Tensions

Spanish Prime Minister Pedro Sanchez criticizes U.S. plans to impose tariffs on European car imports, calling for diplomatic dialogue. The EU promises a strong response if tariffs ...