Economy News

Economy

US Economy Shrinks 0.3% in Q1 2025: Tariff Wars and Spending Cuts Take Their Toll

The US GDP fell by 0.3% in Q1 2025, the first decline since 2022, due to increased imports and reduced federal spending. Consumer demand remained strong, but inflation pressures gr...

Economy

March Sees a Surge: US Personal Spending Climbs 0.7% Amid Economic Shifts

US personal spending increased by 0.7% in March, with personal income also seeing growth. The PCE price index contracted slightly, indicating mixed economic signals.

Economy

Surge in US Pending Home Sales: March Sees a 6.1% Leap, Highest Since 2023

US pending home sales experienced a notable 6.1% increase in March, the highest since December 2023, with regional variations showing the South leading the growth. Experts attribut...

Economy

Sheinbaum Praises US Auto Tariff Easing as a Positive Move for North American Trade

Mexican President Claudia Sheinbaum applauds the US's decision to ease auto tariffs, marking a positive step for North American trade relations under the USMCA. Discussions on furt...

Economy

Germany's Inflation Rate Dips Slightly to 2.1% in April: A Closer Look at the Numbers

Germany's annual inflation rate slightly decreased to 2.1% in April from 2.2% in March, with the CPI rising 0.4% month-on-month. Core inflation, excluding food and energy, was 2.9%...

Economy

Unexpected Slowdown: US Private Sector Adds Only 62K Jobs in April, Falling Short of Expectations

The US private sector added only 62,000 jobs in April, falling short of expectations. Medium companies led with 40,000 jobs, while the service sector added 34,000, but education an...

Economy

US Economy Faces Headwinds as GDP Dips 0.3% in Q1 2025, Marking First Decline Since 2022

The US GDP fell by 0.3% in Q1 2025, the first decline since 2022, due to increased imports and reduced federal spending. Despite this, consumer demand remained strong, with a 3.0% ...

Economy

March Sees a Significant Uptick in US Personal Spending with a 0.7% Rise

US personal spending saw a 0.7% increase in March, with personal income also rising by 0.5%. The PCE price index contracted slightly, indicating mixed economic signals.