Economy News

Economy

ECB's Centeno Warns: The Real Threat Is Inflation Dropping Below 2% Target

Mario Centeno of the ECB warns that inflation falling below the 2% target is the main risk, with potential rate cuts dependent on economic growth, investment, and price levels.

Economy

Japan's Debt Dilemma: Fitch Warns of Long-Term Risks Amid Aging Population and Rising Costs

Fitch Ratings reports on Japan's declining debt-to-GDP ratio due to reflationary dynamics, but warns of future strains from aging costs and higher spending, with bond yields rising...

Economy

Germany's Economic Outlook: Navigating Tariffs and Growth Beyond 2026

Deutsche Bundesbank President Joachim Nagel discusses the impact of US tariffs on Germany's economy, with significant effects expected in 2025 and 2026. However, positive fiscal po...

Economy

Moody's Shocks the Market: US Credit Rating Downgraded to Aa1 Amid Rising Debt Concerns

Moody's has downgraded the US credit rating to Aa1, citing rising government debt and interest payments. The agency warns of future economic strains but notes the US's stable outlo...

Economy

Federal Reserve Announces Strategic 10% Workforce Reduction to Modernize Operations

The Federal Reserve is reducing its workforce by 10% to modernize operations, offering voluntary resignations to eligible employees. This move aims to streamline functions and cut ...

Economy

Slight Dip in Russian Inflation: April Rate Falls to 10.2% Amid Rising Food and Service Costs

Russia's inflation rate slightly decreased to 10.2% in April from 10.3% in March, with food prices leading the increase at 12.7%, alongside rises in non-food products and services....

Economy

Russia's Economy Shows Resilience with 1.4% GDP Growth in Q1 2025 Amid Mixed Sector Performance

Russia's economy grew by 1.4% in Q1 2025, driven by strong performances in food services, construction, and manufacturing, despite declines in energy supply and mining sectors.

Economy

Weekly Oil Rig Count Dips: US Sees Slight Decline as Canada Experiences Growth

The US oil rig count slightly decreased to 473, with a significant annual drop, while Canada's rig count increased. The total US rig count fell to 576, showing both weekly and annu...