Economy News

Economy

March Sees a Surge: US Pending Home Sales Leap by 6.1%, Signaling a Robust Housing Market

US pending home sales increased by 6.1% in March, the highest since December 2023, with the South region leading the growth. Experts attribute this surge to buyer sensitivity to mo...

Economy

US Economy Faces a Setback: GDP Drops 0.3% in Q1 2025 Amid Rising Tariff Pressures

The US GDP fell by 0.3% in Q1 2025, marking the first negative growth since November 2022. Factors include increased imports and reduced federal spending, though consumer demand re...

Economy

March Sees a Surge in US Personal Spending: A 0.7% Increase Signals Economic Resilience

The US Bureau of Economic Analysis reported a 0.7% increase in personal consumption expenditures in March, alongside a slight contraction in the PCE price index and growth in perso...

Economy

Mexico Celebrates US Auto Tariff Relief as a Positive Step Forward Under USMCA

Mexican President Claudia Sheinbaum welcomes the US decision to ease auto tariffs, marking progress under the USMCA. The move corrects previous double taxation issues and acknowled...

Economy

EU Boosts Defense with €910 Million Investment: AI Drones and Stealth Tech Lead the Charge

The European Commission invests €910 million in the 2024 European Defence Fund to modernize Europe's defense industry, focusing on AI drones and stealth technologies, with Ukrainia...

Economy

Weekly US Mortgage Applications Dip by 4.2% Amid Economic Uncertainty and Labor Market Concerns

The US saw a 4.2% weekly decline in mortgage applications, with the average interest rate for 30-year fixed-rate mortgages slightly decreasing to 6.89%. Economic uncertainty and la...

Economy

Germany's Inflation Rate Dips Slightly to 2.1% in April, Core Inflation Holds Steady at 2.9%

Germany's inflation rate slightly decreased to 2.1% in April, with core inflation at 2.9%. Food prices rose by 2.8%, while energy prices fell by 5.4%. The HICP increased by 2.2% an...

Economy

Surprising Slowdown: US Private Sector Adds Only 62K Jobs in April Amid Economic Uncertainties

The US private sector added only 62,000 jobs in April, far below expectations, amid economic uncertainties. Medium businesses led growth, while education and health services saw de...