Economy News

Economy

German Consumer Confidence Hits New Low in August Amid Rising Savings and Falling Spending

German consumer confidence is set to decline further in August, with a notable increase in savings and decrease in spending. Experts attribute this trend to general uncertainty and...

Economy

Spain's Unemployment Rate Drops to 10.29% in Q2 2025, Marking Significant Economic Improvement

Spain's unemployment rate decreased to 10.29% in Q2 2025, with a significant drop from the previous quarter. The number of unemployed fell by 2.18% year-over-year, while employment...

Economy

Eurozone Business Growth Hits 11-Month Peak in July, Signaling Economic Resilience

The Eurozone's business growth reached an 11-month high in July, with the composite PMI rising to 51. The services sector saw significant improvement, while manufacturing output sl...

Economy

Germany's Economic Pulse Slows Slightly in July as Manufacturing and Services Show Mixed Signals

Germany's private sector showed mixed performance in July with a slight dip in the Composite PMI. Services expanded, reaching a four-month high, while manufacturing output dipped b...

Economy

UK's Private Sector Growth Cools in July: A Sign of Economic Slowdown Ahead?

UK private sector activity growth slowed in July, with the composite PMI dropping slightly but staying above 50. The service sector saw a modest expansion, while manufacturing reac...

Economy

Historic UK-India Free Trade Agreement Signed, Boosting Economy by £4.8 Billion

The UK and India have signed a historic free trade agreement at the Great Hall of Chequers, expected to boost the UK economy by £4.8 billion. Leaders from both countries celebrated...

Economy

South Korea Eyes Massive U.S. Investments to Slash Tariffs, Mirroring Japan's Strategy

South Korea is in talks to make significant U.S. investments to lower tariffs, following Japan's lead. Negotiations involve a potential $400 billion fund and adjustments in key sec...

Economy

South Korea's Economy Bounces Back: Q2 GDP Grows 0.6% Fueled by Strong Domestic and Export Performance

South Korea's GDP grew by 0.6% in Q2 2025, rebounding from a negative growth in Q1, driven by strong domestic demand and exports, despite declines in construction and facilities in...