Economy News

Economy

Surprising Growth in US Private Sector Jobs: ADP Reports 62K Increase in April Amid Economic Uncertainties

The ADP National Employment Report shows a 62,000 increase in US private sector jobs in April, below expectations. Medium companies added the most jobs, while the service sector sa...

Economy

US Economy Faces Downturn: GDP Drops 0.3% in Q1 2025 Amid Rising Tariff Pressures

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

Economy

Italy's Economy Shows Resilience with a 0.6% GDP Growth in Q1 2025

Italy's GDP grew by 0.6% in Q1 2025, with positive contributions from agriculture and industry sectors, while services remained stable. Domestic demand rose, but net exports slight...

Economy

Eurozone Economy Shows Resilience with 0.4% GDP Growth in Q1 2025

The Eurozone's GDP grew by 0.4% in Q1 2025, with Ireland leading at a 10.9% annual rise. The EU saw a 0.3% growth, highlighting regional economic resilience and challenges.

Economy

EU Unveils €910 Million Defense Fund to Boost Innovation and Support Ukraine

The European Commission invests €910 million in the 2024 European Defence Fund to enhance defense technologies and support Ukraine, with a focus on innovation and SME participation...

Economy

US Mortgage Applications Drop 4.2% Amid Economic Uncertainty and Labor Market Weakness

The Mortgage Bankers Association reports a 4.2% weekly decline in U.S. mortgage applications, attributing the slowdown to economic uncertainty and labor market weaknesses. Interest...

Economy

Germany's Inflation Rate Dips Slightly to 2.1% in April, Marking a Subtle Economic Shift

Germany's inflation rate slightly decreased to 2.1% in April from 2.2% in March, with core inflation at 2.9%. Food prices rose by 2.8%, while energy prices fell by 5.4%. The HICP i...

Economy

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

Germany's inflation rate slightly decreased to 2.1% in April, with core inflation at 2.9%. Food prices rose by 2.8%, while energy prices fell by 5.4%. The HICP increased by 2.2% an...