Economy News

Economy

US Economy Faces Setback: GDP Drops 0.3% in Q1 2025 Amid Rising Tariffs and Inflation

The US GDP fell by 0.3% in Q1 2025, the first decline since 2022, due to increased imports and reduced federal spending. Consumer demand remained strong, but inflation pressures gr...

Economy

March Sees a Surge in US Personal Spending: A 0.7% Increase Unveiled

The US saw a 0.7% increase in personal consumption expenditures in March, with personal income also rising by 0.5%. The PCE price index slightly contracted by 0.1%. Excluding food ...

Economy

March Sees a Surge in US Pending Home Sales with a 6.1% Increase, Highest Since December 2023

In March, US pending home sales jumped by 6.1%, the highest increase since December 2023, with the South region leading the growth. Despite a slight annual decline, the surge indic...

Economy

US Eases Auto Tariffs: A Positive Step for North American Trade Relations Under USMCA

Mexican President Claudia Sheinbaum welcomes the US's decision to ease auto tariffs, marking a positive step in North American trade relations under USMCA. The move addresses doubl...

Economy

US Mortgage Applications Dip by 4.2% Amid Economic Uncertainty and Labor Market Concerns

The Mortgage Bankers Association reports a 4.2% weekly decline in US mortgage applications, with economic uncertainty and labor market concerns cited as key factors. Interest rates...

Economy

US Treasury Unveils $125 Billion Refunding Strategy to Boost Market Liquidity

The US Treasury Department plans to issue $125 billion in new securities to refinance maturing notes, resulting in $30.8 billion in new borrowing. Auctions for 3-year, 10-year, and...

Economy

Germany's Inflation Rate Dips to 2.1% in April: A Slight Decline Amidst Economic Fluctuations

Germany's inflation rate slightly decreased to 2.1% in April from 2.2% in March, with core inflation at 2.9%. Food prices rose by 2.8%, while energy prices fell by 5.4%. The HICP i...

Economy

US Private Sector Sees Modest Job Growth of 62K in April, Falling Short of Expectations

The US private sector added 62,000 jobs in September, below analyst expectations. Medium companies led growth, while education and health services saw declines. Employers face unce...