Economy News

Economy

U.S. Shifts Trade Strategy: Imposes Reciprocal Tariffs, Eyes Bilateral Deals with Partner Nations

The U.S. plans to impose reciprocal tariffs on global trading nations by April 2, aiming to reset trade relationships based on fairness and reciprocity. This strategy may lead to t...

Economy

Trump Appoints Michelle Bowman as Fed's New Vice Chair of Supervision, Signaling a Shift in Economic Strategy

President Donald Trump appoints Michelle Bowman as the Federal Reserve's new Vice Chair of Supervision, aiming to revitalize the economy through strategic banking regulation and po...

Economy

March Sees a Dip in US Home Builder Confidence: What's Behind the Decline?

Builder confidence in the US housing market declined in March, with current sales conditions and prospective buyer traffic both decreasing. A higher percentage of builders cut pric...

Economy

March Sees a Dip in US Home Builder Confidence Amid Market Uncertainties

In March, U.S. home builder confidence declined, with sales conditions and buyer traffic dropping. A significant portion of builders reduced home prices, while sales incentives usa...

Economy

February Sees a Slight Uplift in US Retail Sales, Marking a 0.2% Monthly Increase

The US Census Bureau reports a 0.2% monthly increase in retail and food services sales for February, totaling $722.7 billion, with a 3.1% annual growth. The quarter ending in Febru...

Economy

OECD Lowers Global Growth Forecast to 3.1% in 2025 Amid Inflation and Trade War Risks

The OECD has adjusted its global economic growth forecast for 2025 down to 3.1%, citing high inflation and potential trade war escalations as significant risks. The United States' ...

Economy

Germany's Economic Growth Forecast Slashed to 0.2% by Ifo Institute

The Ifo Institute has revised Germany's 2025 GDP growth forecast down to 0.2%, citing a deep recession in construction and manufacturing, while public services expand. Unemployment...

Economy

Italy's Inflation Rate Adjusted Downward to 1.6% in February, Driven by Energy Prices

Italy's February inflation was revised to 1.6%, driven by a significant rise in energy prices and a moderate increase in food costs. While some sectors slowed, core inflation and H...