Economy News

Economy

OPEC Holds Steady: Global Oil Demand Growth Forecast Remains at 1.3 Million Barrels Per Day

OPEC's July report reaffirms a steady global oil demand growth of 1.3 million bpd for 2025 and 2026, with non-OECD countries driving most of the increase. The transportation sector...

Economy

OPEC Forecasts Steady Global GDP Growth: 2.9% in 2025 and 3.1% in 2026 Amid Economic Resilience

OPEC's July report confirms global GDP growth forecasts of 2.9% in 2025 and 3.1% in 2026, citing a strong first half of the year. Regional forecasts vary, with China and India lead...

Economy

US Inflation Rises to 2.7% in June: What This Means for the Economy and Your Wallet

The US annual inflation rate rose to 2.7% in June, up from 2.4% in May, with the CPI increasing by 0.3% month-on-month. Food prices rose by 3% annually, while energy prices fell by...

Economy

Surge in Global Trade by 5.3% as Importers Rush Ahead of New US Tariffs

Global merchandise trade volume increased by 5.3% year-over-year in Q1 2025, driven by importers acting ahead of new US tariffs. North America saw the highest growth at 13.4%.

Economy

June Sees a Slight Rise in Canada's Inflation Rate to 1.9%, Surpassing May's Figures

Canada's inflation rate edged up to 1.9% in June, driven by higher prices in services, food, shelter, and durable goods. The monthly CPI showed a slight increase, matching analysts...

Economy

President Trump Demands Immediate Fed Rate Cut Following Latest Inflation Data Surge

President Donald Trump has reiterated his demand for the Federal Reserve to cut interest rates, following the release of June's inflation data which showed an increase to 2.7% annu...

Economy

Trump Announces Market Openings by Trade Partners to Reduce Tariffs, Korea in Talks for Deal

President Trump discusses the opening of markets by trade partners to reduce U.S. tariffs, upcoming NATO meeting for military support, and criticism towards Putin, alongside potent...

Economy

Thailand Braces for $6 Billion Export Loss as US Tariff Hike Looms, Negotiations Underway

Thailand faces a potential $6 billion export loss due to upcoming US tariff increases, with negotiations for a lower rate underway. Political instability could further harm the eco...