Economy News

Economy

January Sees a 0.3% Rise in Australian Retail Sales, Marking a Positive Start to 2025

Australian retail sales saw a 0.3% increase in January 2025, reaching a monthly turnover of 37 billion Australian dollars, a 3.8% rise from January 2024. The growth was mainly driv...

Economy

Japan's Unemployment Rate Climbs to 2.5% in January, Surpassing Expectations

Japan's unemployment rate increased to 2.5% in January, slightly above expectations. Despite this, the job market remains robust with a slight increase in job openings, indicating ...

Economy

OPEC+ Announces Gradual Oil Supply Increase Starting April 1, 2025

OPEC+ has announced a gradual increase in oil supply starting April 2025, citing healthy market fundamentals and an optimistic outlook. The decision includes a flexible return of 2...

Economy

Federal Reserve's Musalem Expresses Downside Concerns Over Recent Economic Weakness

Federal Reserve Bank of St. Louis President Alberto Musalem highlights concerns over weaker-than-expected economic data, emphasizing risks to growth despite a solid outlook. Inflat...

Economy

Italy's Economy Surges Ahead: A 0.7% GDP Growth in 2024 Sparks Optimism

Italy's GDP grew by 0.7% in 2024, driven by national demand, consumption expenditure, and external trade. Key sectors like capital formation and exports showed positive trends, ind...

Economy

February Sees US Manufacturing Activity Surge: A Closer Look at the Numbers

US manufacturing activity accelerated in February, with the PMI reaching 52.7, driven by increases in production and new orders. However, concerns over tariffs and inflation sugges...

Economy

US Manufacturing Growth Slows in February Amid Tariff Policy Shifts

The US manufacturing sector's expansion slowed in February, with key indicators showing mixed signals. The impact of new tariff policies has led to eased demand, stabilized product...

Economy

Navarro Confirms: Trump Stands Firm on Tariffs Amid Global Trade Tensions

Peter Navarro, Senior Counselor to President Trump, asserts Trump's firm stance on tariffs against China, Canada, and Mexico, effective March 4. Navarro discusses the minimal impac...