Economy News

Economy

South Korea's Housing Market Heats Up: BOK Governor Warns of Faster Price Rises Than Last Year

Bank of Korea Governor Rhee Chang-yong warns of faster housing price rises in South Korea than last year, calling for stronger macroprudential policies and expanded central bank au...

Economy

Germany's Inflation Rate Dips Slightly to 2% in June, Matching Preliminary Estimates

Germany's inflation rate remained at 2% in June, consistent with preliminary estimates. Energy prices decreased by 3.5%, while food prices rose by 2.0% year-on-year. Services and H...

Economy

ECB's Escriva Warns: Europe Navigates a More Complex and Adverse Global Landscape

ECB's Escriva warns of a more complex and adverse global environment for Europe, highlighting geopolitical fragmentation, military conflicts' impacts, and the urgent need for a str...

Economy

OPEC Forecasts Global Oil Demand to Surge to 123 Million Barrels per Day by 2050 Amid Policy Shifts

OPEC's 2025 World Oil Outlook predicts global oil demand will hit 123 mb/d by 2050, driven by policy shifts and economic growth, with significant contributions from India, Other As...

Economy

South Korea's Fiscal Health in Focus: Budget Deficit Narrows to 54.2 Trillion Won by May

South Korea's budget deficit for January to May improved to 54.2 trillion won, showing a significant recovery from the previous year. Revenue increases and controlled expenditures ...

Economy

Japan's Producer Prices Show a 2.9% Annual Rise in June, Reflecting Economic Trends

Japan's Producer Price Index rose by 2.9% in June year-on-year, matching expectations but slowing from May's 3.2%. Monthly PPI fell by 0.2%, with export prices down 1.6% annually a...

Economy

Japan Affirms the Unshaken Dominance of the US Dollar as the World's Primary Reserve Currency

Japan's Economic Revitalization Minister, Ryosei Akazawa, reaffirms the US dollar's position as the leading global reserve currency, ruling out a repeat of the 1985 Plaza Accord an...

Economy

Federal Reserve Signals Potential Rate Cuts Amid Tariff Uncertainties and Inflation Control

Federal Reserve officials at their June meeting signaled potential interest rate cuts later this year, citing moderating inflation and economic growth, while also noting the inflat...