Economy News

Economy

IMF Forecasts: Eurozone's Moderate Growth Trajectory to Extend Through 2028 Amid Challenges

The IMF forecasts moderate growth for the Eurozone through 2027, with inflation stabilizing at 2% by 2025. Challenges include trade tensions and geopolitical risks, with inflation ...

Economy

Germany's Bundesrat Greenlights a Massive €46 Billion Tax-Break Package to Revive Economy

Germany's Bundesrat approves a €46 billion tax-break package aimed at economic recovery, featuring corporate tax cuts, EV purchase incentives, rent controls, and increased defense ...

Economy

ECB's Fabio Panetta Advocates for Flexible Monetary Policy Amid Global Economic Shifts

Fabio Panetta of the ECB calls for a flexible monetary policy approach, highlighting opportunities for Europe amidst global economic shifts and the potential decline of US market d...

Economy

Malaysia's Pahang Sultan Demands Stronger Action Against Land Encroachment After 1,000 Durian Trees Cut Down

The Sultan of Pahang emphasizes the need for consistent enforcement against land encroachment, following the cutting down of 1,000 durian trees. Community involvement and governmen...

Economy

San Francisco Fed President Mary Daly Predicts Two Interest Rate Cuts This Year Amid Economic Optimism

San Francisco Fed President Mary Daly forecasts two interest rate cuts this year, citing a strong U.S. economy and favorable economic fundamentals. She also discusses the minimal e...

Economy

Fed Governor Waller Advocates for July Rate Cut Amid Economic Shifts

Fed Governor Christopher Waller suggests a potential July interest rate cut, citing the current policy as too restrictive. He dismisses tariff-related inflation fears as temporary,...

Economy

Kevin Hassett Criticizes Fed's Independence, Highlights Election Influence on Monetary Policy

Kevin Hassett, NEC Director, criticizes the Federal Reserve's independence, suggesting election cycles influence its decisions. He also discusses the divergence between Fed and ECB...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop to 227,000, Signaling Economic Strength

Initial jobless claims in the US fell to 227,000, marking a decrease of 5,000 from the previous week. The 4-week moving average also declined, indicating a positive trend in the la...