Economy News

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...

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...