Economy News

Economy

US Economy Shows Robust Growth in July as Composite PMI Surpasses Expectations

The US Composite PMI rose to 55.1 in July, exceeding expectations and indicating strong economic growth. The service sector's performance was particularly notable, reaching a seven...

Economy

EU Greenlights France's Ambitious €11 Billion Offshore Wind Energy Initiative to Boost Renewable Power

The European Commission approves France's €11 billion offshore wind energy program, featuring three floating wind farms to generate clean energy. A strategic bidding process aims t...

Economy

Aging Population to Shift Korea's Household Debt Dynamics: Peak Expected Within Five Years

Korea's household debt to GDP ratio is expected to peak within five years due to aging demographics, then decline. The KDI report links this trend to life expectancy and housing de...

Economy

Korea Challenges U.S. Over $350 Billion Investment Profit Claims, Vows No More Tariff Talks on Rice and Beef

Korea's Minister of Trade refutes U.S. claims on profit shares from a $350 billion investment, stating negotiations are ongoing. The government sees the deal as a chance for new bu...

Economy

South Korea's 30 Trillion Won Fiscal Injection Yields Mere 0.1% Growth Boost Amid Structural Challenges

South Korea's 30 trillion won fiscal injection has minimally boosted growth by 0.1%, amidst structural challenges and a declining potential growth rate. The government plans mega i...

Economy

Asian Exports to the U.S. Set for Dramatic Drop: What's Behind the Sudden Shift?

Trade analysts predict a sharp decline in Asian exports to the U.S. due to the end of the pre-order effect and new tariffs, with potential drops of 20-30% by early next year. Exper...

Economy

UK's Private Sector Growth Cools in July Amid Global Economic Uncertainties

The UK's private sector growth slowed in July, with PMI indices showing a slight decline due to reduced new work and employment. The services sector also saw a downturn, impacted b...

Economy

Germany's Private Sector Shows Promising Growth: July Composite PMI Hits Four-Month High

Germany's private sector activity showed signs of recovery in July, with the Composite PMI Output Index revised to 50.6, indicating a four-month high. The Services PMI also improve...