Economy News

Economy

May Sees Further Decline in US Consumer Confidence Amid Rising Inflation Concerns

The University of Michigan's report shows a 2.7% drop in the Consumer Sentiment Index for May, with significant declines in economic conditions and consumer expectations, alongside...

Economy

April Sees a Surprising 1.6% Uptick in US Housing Starts Despite Annual Decline

April witnessed a 1.6% rise in US housing starts to 1,361,000, despite a yearly decline of 1.7%. Single-family starts dropped 5.1%, while building permits and completions also saw ...

Economy

Won Strengthens Against Dollar Amid U.S. Tariff Negotiations and Global Dollar Weakness

The won-dollar exchange rate fell to a six-month low amid global dollar weakness and U.S. tariff negotiations, with experts predicting continued trends.

Economy

Korea and U.S. Forge Ahead with Digital and Agricultural Trade Deal Including Google Maps

South Korea and the U.S. are advancing discussions on digital and agricultural trade, including Google Maps exports, as part of the 'July Package' preparations. The APEC meeting al...

Economy

Discover Thailand's Top 4 Expat Havens: Live Comfortably from $1,200 a Month

Explore Thailand's top 4 expat havens where you can enjoy a comfortable lifestyle starting from $1,200 a month. From the tropical beaches of Koh Samui to the historical charm of Ch...

Economy

Eurozone Boasts a Staggering €36.8B Trade Surplus in March, Outpacing Previous Records

The Eurozone and EU reported significant trade surpluses in March, with the Eurozone's surplus reaching €36.8 billion, up from €24 billion in February. Exports and imports both sho...

Economy

Italy's Trade Surplus Shrinks to €3.7B in March Amid Rising Imports and Exports

Italy's trade surplus fell to €3.7 billion in March, down from €4.4 billion, with exports growing by 5.8% and imports by 7.6% year-on-year. Excluding energy, the surplus was €7.6 b...

Economy

Fed's Bostic Predicts Just One Interest Rate Cut Amid Inflation and Tariff Challenges

Atlanta Fed President Raphael Bostic forecasts a single interest rate cut this year due to market uncertainties and inflation challenges, including tariff impacts, while maintainin...