Economy News

Economy

Thailand's Automotive Industry Faces a Steep Decline: A Four-Year Low in Car Production by 2024

Thailand's car production in 2024 has hit a four-year low, with a significant drop in both domestic sales and exports. The decline is attributed to tighter auto loan rules, geopoli...

Economy

ECB Vice President Warns: US Tariffs Pose a Threat to European Economic Stability

ECB Vice President Luis de Guindos warns of the negative impacts of US tariffs and escalating trade tensions on the global and European economies, highlighting the unprecedented un...

Economy

ECB Maintains Neutral Rate Estimate Amid Uncertainty, Signals Limited Policy Guidance

The European Central Bank (ECB) has confirmed its neutral interest rate estimate remains between 1.75% and 2.25%, unchanged since late 2023. However, the ECB acknowledges the chall...

Economy

Bank of England Economist Warns of Inflation Risks and Second-Round Effects

Bank of England Chief Economist Huw Pill calls for vigilance against inflation risks and second-round effects, emphasizing the need for a cautious monetary policy approach amidst r...

Economy

January Sees a Surge in US Nonfarm Payrolls: A Closer Look at the Numbers

The US nonfarm payrolls added 143,000 jobs in January, with healthcare, retail trade, and social assistance leading the growth. Unemployment dipped to 4%, and average hourly earnin...

Economy

Neel Kashkari Views on Rising 10-Year Treasury Yield and Economic Strength

Federal Reserve Bank of Minneapolis President Neel Kashkari discusses the rise in the 10-year Treasury yield, attributing it to fiscal deficits, and reaffirms the Fed's commitment ...

Economy

US Wholesale Inventories See a 0.5% Dip in December, Aligning with Market Expectations

In December 2024, US wholesale inventories decreased by 0.5%, aligning with expectations. Merchant wholesalers' sales grew by 1% from November and 2.8% year-over-year, with the inv...

Economy

Trump's Pro-Growth Policies Essential as Jobs Data Reveals Economic Challenges

White House Press Secretary Karoline Leavitt discusses the latest U.S. jobs data, highlighting the necessity of President Trump's pro-growth policies for economic recovery and the ...