Economy News

Economy

Germany Sees a Slight Dip in Unemployment Rate to 6.3% in April, Signaling Economic Resilience

Germany's unemployment rate slightly decreased to 6.3% in April, with a mixed annual and monthly comparison showing resilience and challenges in the labor market.

Economy

Germany's Economy Shows Resilient Growth with a 0.2% Increase in Q1 Amid Challenges

Germany's economy grew by 0.2% in Q1 2024, showing resilience despite a year-on-year decline of 0.4%. Household consumption and capital formation increased, indicating some domesti...

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. Domestic demand rose, but net exports had a negative impact, as per Istat.

Economy

Eurozone Economy Expands: GDP Climbs by 0.4% in Q1 2025 Amidst Varied National Performances

The Eurozone's GDP grew by 0.4% in Q1 2025, with the EU expanding by 0.3%. Yearly growth was 1.2% in the euro area and 1.4% in the EU. Ireland saw a 10.9% rise, while Austria, Hung...

Economy

Italy's Inflation Inches Up to 2% in April: Energy and Food Prices Lead the Charge

Italy's inflation rate slightly increased to 2% in April, driven by higher prices in energy, transport, and unprocessed food, matching analysts' expectations. The CPI rose by 0.2% ...

Economy

EU Unveils €910 Million Defense Fund to Modernize Military Tech and Support Ukraine

The European Commission is investing €910 million in the 2024 European Defence Fund to modernize defense technologies and support Ukraine, marking a significant step in EU's defens...

Economy

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

Mortgage applications in the U.S. fell by 4.2% last week, as per the MBA survey, with economic uncertainty and labor market concerns slowing home purchase activities to the lowest ...

Economy

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

Mortgage applications in the U.S. fell by 4.2% last week, with economic uncertainty and labor market weakness cited as key factors. The average interest rate for 30-year fixed-rate...