Economy News

Economy

South Korea's Largest Domestic Supply Price Index Increase in Seven Months: Causes and Implications

The Bank of Korea reported a 0.6% increase in the domestic supply price index for November, the largest in seven months, due to higher exchange rates and electricity rate hikes. Th...

Economy

Japan's Economy: Steady Recovery Amid Global Economic Uncertainty

Japan's economy is recovering moderately despite some pauses, with government policies improving employment and income. The government works with the Bank of Japan to manage polici...

Economy

Trump Calls on EU to Boost U.S. Oil and Gas Imports to Avert Tariffs

President-elect Donald Trump urges the EU to increase U.S. oil and gas imports to address trade deficit, warning of potential tariffs if action is not taken.

Economy

Germany's Producer Prices Experience First Annual Increase in Over a Year

Germany's producer prices grew by 0.1% in November, the first annual increase since June 2023, according to Destatis. The index rose 0.5% month-over-month, with notable rises in ca...

Economy

UK Retail Sales Surge in November: What's Behind the 0.5% Growth?

UK retail sales volumes rose 0.5% year-over-year in November, with month-on-month growth of 0.2%. Non-food and food store sales increased, while online sales dropped by 4.3%.

Economy

Trump Urges Congress to Abolish or Extend Debt Ceiling to Secure Spending Deal

President-elect Donald Trump calls on Congress to abolish or extend the debt ceiling until 2029 to secure a government spending agreement, amidst House's failure to pass a new fund...

Economy

Record Low Start-ups in Q3: Small Business Owners Face Tough Times

The number of start-ups, particularly those led by small business owners, hit a record low in Q3 due to economic downturn and waning interest in new ventures. This decline is parti...

Economy

South Korea Unveils Bold Measures to Strengthen Dollar Liquidity and Boost Export Financing

South Korea is expanding banks' forward exchange position limits by 50% and easing foreign currency loan regulations to improve foreign exchange liquidity and support exporting com...