Economy News

Economy

UK's Trade Deficit Narrows Significantly to £10.2 Billion in January, Signaling Economic Resilience

The UK's trade deficit has notably decreased to £10.2 billion in January, indicating a possible economic recovery. This article explores the implications of this decline and what i...

Economy

UK Economy Shows Resilience with a Slight 0.1% GDP Growth in Q4 2024

The UK's GDP saw a 0.1% rise in Q4 2024, with the services and construction sectors growing while production declined. Year-on-year growth was 1.5%, slightly above estimates.

Economy

Post-Election Stability: German Consumer Confidence Holds Steady Amid Mixed Signals

German consumer confidence remains steady post-election, with slight optimism in income and economic prospects offset by increased saving intentions, reflecting underlying uncertai...

Economy

UK Retail Sales Experience a Modest 1% Rise in February, Falling Short of Forecasts

The UK's retail sales volumes increased by 1% in February year-on-year, but this growth fell short of analysts' expectations, as reported by the Office for National Statistics. The...

Economy

Vietnam's Fruit and Vegetable Exports Face Third Consecutive Month of Decline Amidst New Chinese Regulations

Vietnam's fruit and vegetable exports decline for the third consecutive month due to new Chinese regulations requiring testing for harmful substances, impacting durian shipments an...

Economy

Over 430,000 Small Business Owners Face Financial Struggle Amid Rising Debts and Economic Slowdown

Nearly 430,000 small business owners in South Korea are facing financial difficulties due to rising debts and a sluggish economy, with loan delinquency rates hitting an 11-year hig...

Economy

South Korea's Prime Minister to Strategize with Top Conglomerate Leaders Amid U.S. Tariff War Tensions

South Korea's Prime Minister Han Duk-soo is set to meet with leaders of major conglomerates to discuss strategies against U.S. tariff policies, aiming to protect national industrie...

Economy

Bank of Japan Vigilantly Monitors US Policy Impacts on Global Economy and Markets

The Bank of Japan is closely watching the impact of US President Donald Trump's policies on the global economy and markets, expressing concern over potential negative effects on Ja...