Economy News

Economy

South Korea's Economy Surprises with 0.6% Growth in Q2 2025, Outperforming Expectations

South Korea's economy showed remarkable resilience in Q2 2025, with a 0.6% quarter-on-quarter GDP growth, outperforming expectations. The recovery was supported by a 1.3% rise in G...

Economy

Japan's Private Sector Shows Modest Growth in July Amid Manufacturing Contraction

Japan's private sector showed modest growth in July with a composite PMI of 51.5, driven by the services sector despite manufacturing contraction. Experts cite tariff uncertainty a...

Economy

Australia's Services Sector Sees Significant Growth in July, Marking a Strong Start to Q3 2025

Australia's services sector showed robust growth in July 2025, with the PMI Business Activity Index rising to 53.8. The Composite PMI also reflected this positive trend, adjusting ...

Economy

ECB to Maintain Interest Rates Amid Rising Trade Tensions Between EU and US

The European Central Bank is expected to hold interest rates steady due to escalating trade tensions between the EU and US, and concerns over the euro's strength impacting economic...

Economy

June Sees a 2.7% Dip in US Existing Home Sales Amid Record High Prices

US existing home sales fell by 2.7% in June, with prices hitting a record high. Inventory shows mixed trends, as homeowner wealth continues to grow significantly.

Economy

Surge in US Mortgage Applications: A 0.8% Rise Sparks Market Optimism

Mortgage applications in the US rose by 0.8% in the week ending July 18, with the average interest rate for 30-year fixed-rate mortgages increasing slightly. The Purchase Index saw...

Economy

Bessent Optimistic: US-China Trade Talks Back on Track with Positive Momentum

US Treasury Secretary Scott Bessent announces the resumption of positive negotiations with China, signaling improved diplomatic and trade relations. Bessent expresses optimism for ...

Economy

Euro Area Sees a Glimmer of Hope as Consumer Confidence Rises Slightly in July

The euro area's consumer confidence indicator is expected to improve slightly in July, rising to negative 14.7 from June's negative 15.3, according to a European Commission report....