Economy News

Economy

Jamie Dimon Predicts AI Will Revolutionize Jobs and the Global Economy

JPMorgan Chase CEO Jamie Dimon warns of AI's potential to disrupt jobs and reshape industries, while also addressing broader economic concerns like tariffs and inflation. He suppor...

Economy

Vietnam's Economic Surge: UOB Forecasts GDP Growth to Leap to 6.9% in 2025

Vietnam's GDP growth in 2025 is forecasted by UOB to reach 6.9%, driven by robust export performance despite challenges in the manufacturing sector. The economic surge is attribute...

Economy

Bank of Korea Maintains Steady Interest Rates Amid Economic Stimulus and Housing Market Surge

The Bank of Korea decided to maintain the base rate at 2.5%, balancing economic stimulus with concerns over rising housing prices and household debt. This decision reflects the cha...

Economy

Italy's Industrial Output Takes a Hit: A 0.7% Drop in May Sparks Economic Concerns

Italy's industrial output fell by 0.7% in May compared to April, with a 0.9% annual decrease, highlighting challenges in sectors like capital goods and energy.

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...