UK's Trade Deficit Widens to £10 Billion in Q4 2024: A Closer Look
The UK's trade deficit expanded to £10 billion in Q4 2024, with exports falling and imports rising, especially highlighting a significant deficit with the European Union.
Economy News
Global Oil Demand to Surge by 1.1 Million Barrels Per Day by 2025, IEA Reports
The International Energy Agency forecasts a 1.1 million bpd increase in global oil demand by 2025, with China leading the growth despite a reduced share. Global oil supply is also ...
ECB Stands Firm on 2% Inflation Goal: A Deep Dive into Eurozone's Economic Strategy
The ECB's latest economic bulletin reaffirms its dedication to a 2% inflation target for the Eurozone, with future monetary policies to be shaped by economic data, inflation trends...
Germany's Inflation Rate Sees a Slight Dip to 2.3% in January, Marking a Decrease from December
Germany's inflation rate slightly decreased to 2.3% in January from December's 2.6%, with the Consumer Price Index dropping by 0.2% monthly. The Harmonized Consumer Price Index ros...
Eurozone's Industrial Production Takes a Hit: A 1.1% Decline in December Signals Economic Slowdown
The Eurozone's industrial production saw a 1.1% decline in December, with a 2% year-over-year drop, signaling economic slowdown. Sector analysis shows mixed results, with significa...
Switzerland Sees a Dip in Inflation Rate to 0.4% in January, Matching Forecasts
Switzerland's inflation rate decreased to 0.4% in January, down from 0.6% in December, aligning with analysts' forecasts. The CPI saw a monthly decline due to lower prices in sever...
South Korea's Money Supply Surges for the 19th Month: A Deep Dive into the Economic Implications
South Korea's money supply has grown for the 19th consecutive month, reaching 4,183.5 trillion won in December 2024. This growth, driven by domestic asset market volatility, has se...
Vietnam Aims for Ambitious 8% GDP Growth: A Bold Step Towards Prosperity
Vietnam's Ministry of Planning and Investment proposes an 8% GDP growth target for 2025, with some areas aiming for 8-10%. The plan includes adjusting the budget deficit to 4-4.5% ...
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