Economy News

Economy

South Korea's Economic Growth Faces Potential Slowdown in 2024, Deputy PM Choi Warns

Deputy PM Choi Sang-mok warns that South Korea's 2024 economic growth may fall below the potential rate of 2.0%, citing risks like slowed exports and political turmoil. The governm...

Economy

Australia's Central Bank Stands Firm on Restrictive Monetary Policy

The Reserve Bank of Australia maintains a restrictive monetary policy to manage inflation, with a cautious approach to future data before considering policy relaxation.

Economy

Bank of Japan Anticipates a Gradual Economic Upturn Amid Cautious Rate Hikes

Bank of Japan's board members advocate for a cautious approach to rate hikes, with future increases contingent on inflation and economic trends meeting expectations. Uncertainties ...

Economy

December Sees Sharp Decline in US Consumer Confidence: What's Behind the Drop?

The Conference Board reports a significant drop in US consumer confidence for December, with the Consumer Confidence Index falling to 104.7 from October's 111.7, missing market exp...

Economy

Proposed Increase in Ministers' Room Rates: A Closer Look

A proposal to increase the room rate cap for deputy ministers to VND1.5 million, up by 25%, and raise civil servants' business allowance by 22% to VND550,000 is under review by gov...

Economy

South Korea's Export Resilience: Can It Break Records Amid Challenges?

South Korea's exports have maintained a positive trend for 14 months, despite a recent slowdown. The government attributes this to disruptions from a strike and heavy snowfall. Des...

Economy

Italy's Non-EU Trade Surplus Reaches €5.9 Billion in November: A Closer Look

Italy's National Institute of Statistics reports a trade surplus of €5.9 billion with non-EU27 countries for November, highlighting a significant economic trend.

Economy

Spain's Economy Shows Encouraging Growth in Q3: A Detailed Analysis

Spain's GDP grew by 0.8% in Q3, signaling a positive economic trajectory. This growth has sparked optimism among economists and investors, with more analysis to come.