Economy News

Economy

November Sees Decline in US Housing Starts, Single-Family Housing Shows Growth

US housing starts declined 1.8% in November, but single-family housing starts increased. Building permits and completions showed mixed results, with permits up month-on-month but d...

Economy

Swiss National Bank Forecasts Moderate GDP Growth in 2024 Amid Global Uncertainties

The Swiss National Bank projects a 1% GDP growth for 2024, acknowledging global uncertainties as main risks but anticipating a moderate expansion supported by a more accommodative ...

Economy

Fed Anticipated to Announce Third Consecutive 25bps Rate Cut Amid Economic Indicators

Experts anticipate the Federal Reserve will announce a third consecutive 25bps rate cut, influenced by recent inflation rise, economic activity growth estimates, and labor market s...

Economy

US Mortgage Applications See a Slight Decline Amid Rising Interest Rates

US mortgage applications decline by 0.7% during the week ending December 13, influenced by rising interest rates and a drop in VA refinances, according to the MBA's Weekly Mortgage...

Economy

UK Inflation Surges to 2.6% in November: What You Need to Know

UK inflation rose to 2.6% in November, matching analysts' expectations. Transport and housing services were key contributors to the rise in consumer prices.

Economy

Eurozone Inflation Drops Slightly in November: What You Need to Know

Eurostat revises Eurozone's November inflation down to 2.2%, a slight increase from October's 2.0%. The monthly CPI declines by 0.3% in the Eurozone and by 0.2% in the EU, driven b...

Economy

Eurozone Construction Output Sees October Surge: A Closer Look

Eurostat reports a 1% monthly increase in seasonally adjusted construction output in the Eurozone for October, with a 0.7% rise in the EU. Annual figures show a 0.2% increase in th...

Economy

Decline in Income Mobility: Only 17.6% Saw Income Increase in 2022

Statistics Korea reports that only 17.6% of respondents moved into a higher income quintile in 2022, marking a decline in upward social mobility. The data highlights income inequal...