UK Economy Contracts in October, Reeves Promises Long-Term Growth
British Chancellor Rachel Reeves admits the October GDP report shows a 0.1% contraction but promises long-term growth through public finance stabilization, low tax rates, and inves...
Economy News
ECB's Kazaks: Interest Rates on a Definite Downward Path
ECB Governing Council Member Martins Kazaks emphasizes the need for continued interest rate reductions following the latest 25-basis-point cut, predicting a decline in inflation by...
ECB's Muller Predicts Gradual European Economic Recovery Amid Inflation Challenges
ECB's Madis Muller forecasts a gradual European economic recovery, noting inevitable inflation fluctuations and interest rate impacts. The ECB recently cut key rates, aligning with...
Vietnam Proposes Travel Ban for Tax Debtors: A New Economic Measure
Vietnam is considering a new policy to ban individuals with tax debts of $400 or more from traveling, also extending to business representatives who owe VND100 million or more. Thi...
October Sees a Surprising Decline in UK Industrial Production
The Office for National Statistics reports a 0.6% decline in UK production output for October, showing a 0.7% decrease year-on-year.
Significant Drop in UK Trade Deficit: Key Insights from October Figures
The UK's total goods and services trade deficit dropped by £0.9 billion to £10.1 billion in the three months to October, according to the Office for National Statistics.
Germany's Trade Surplus Drops to €13.4 Billion in October
Germany's trade surplus dropped to €13.4 billion in October, down from September's €16.9 billion and €18.9 billion in October 2023. Exports and imports both saw changes, with signi...
UK Economy Faces a Minor Setback: 0.1% GDP Decline in October
The UK's GDP fell by 0.1% in October, with no growth in the services sector, a 0.6% decline in production output, and a 0.4% drop in construction output. Despite this, the economy ...
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