Economy News

Economy

Italy's Inflation Rate Adjusted Downward to 1.6% in February, Reveals Final Report

Italy's National Statistics Office revised the February inflation rate to 1.6%, slightly down from the preliminary 1.7% estimate, indicating a continued increase from January's 1.5...

Economy

Goldman Sachs Slashes Oil Price Forecast Amidst Tariff Wars and OPEC Supply Surge

Goldman Sachs lowers oil price forecast due to U.S. tariffs and OPEC supply increases, predicting Brent Crude at $71 and WTI at $67 by year's end. The global economic outlook dims ...

Economy

South Korea's Money Supply Hits Record High for 20th Straight Month, Signaling Robust Economic Activity

South Korea's broad money supply (M2) has grown for the 20th consecutive month, reaching 4,203.8 trillion won in January. This growth, driven by shifts in investment behavior and c...

Economy

China's Retail Sector Sees a 4% Surge in Early 2025, Outpacing Previous Growth

China's retail sector in early 2025 showed a 4% year-on-year increase, with urban and rural sales growing by 3.8% and 4.6% respectively. The catering and online retail sectors also...

Economy

South Korea Climbs to Second Place Globally in Household Debt: A Deep Dive into the Economic Implications

South Korea ranks second globally with a household debt to GDP ratio of 91.7%, highlighting the challenges of high household debt amidst economic policies and the pandemic's impact...

Economy

China's Industrial Sector Sees a 5.9% Surge in February, Signaling Economic Resilience

China's industrial production saw a 5.9% increase in February, highlighting the sector's resilience and potential for growth amidst global economic challenges. This development sig...

Economy

China's Retail Sales Surge by 4% in February, Beating Last Month's Figures

China's retail sales grew by 4% in February, exceeding the previous month's growth and matching expectations, signaling a positive trend in consumer spending and economic recovery.

Economy

Musang King Durian Prices Soar Amidst Supply Shortages and Growing Global Demand

Musang King durian prices have surged by 60% due to supply shortages and increasing global demand. Vietnam is stepping up as a key supplier, with farmers seeing significant returns...