Economy News

Economy

Fed's Bostic Advocates for Patience in Monetary Policy Amid Strong Labor Market

Atlanta Fed President Raphael Bostic suggests the Federal Reserve can afford to wait before adjusting monetary policy, citing a strong labor market with low unemployment rates. He ...

Economy

Surge in US Mortgage Applications: A 10.9% Weekly Increase Sparks Market Optimism

The US saw a 10.9% weekly increase in mortgage applications, with significant rises in refinance and adjustable-rate mortgages, as interest rates slightly declined, signaling a res...

Economy

Russia's Inflation Rate Drops Significantly to 8.79% in July, Marking a Positive Economic Shift

Russia's annual inflation rate decreased to 8.79% in July from 9.4% in June, indicating a positive shift in the economy. The CPI saw a slight increase of 0.57% month-over-month.

Economy

Russia's Economy Shows Resilience with a 1.1% GDP Growth in Q2 2025

Russia's economy demonstrated resilience with a 1.1% year-on-year GDP growth in Q2 2025, according to Rosstat's preliminary estimates. More insights into the sectors contributing t...

Economy

Vietnamese Durians and Agro-Forestry Products: The Rising Stars in China's Import Market

Vietnamese agro-forestry exports to China, especially durians, are experiencing significant growth due to their quality and demand. Efforts to streamline trade and improve product ...

Economy

South Korea's Economic Growth Stagnates at 0.8% Amid Construction Sector Crisis

South Korea's economic growth is projected at 0.8% for the year, with the construction sector's slump deepening. KDI forecasts an -8.1% growth in construction investment, the worst...

Economy

KIET Forecasts 1.9% Drop in Korea's Exports Due to New 15% U.S. Tariff Impact

KIET predicts a 1.9% drop in Korea's exports due to new U.S. tariffs, with significant impacts on automobiles and machinery sectors. Despite the challenges, potential shifts in the...

Economy

Nomura Predicts Federal Reserve Rate Cuts Starting September Amid Economic Shifts

Nomura Holdings Inc. expects the U.S. Federal Reserve to start cutting interest rates in September, revising earlier forecasts due to recent labor market and inflation data. Predic...