Economy News

Economy

Germany's Inflation Holds Steady at 2.1% in April: A Closer Look at the Factors

Germany's inflation rate was confirmed at 2.1% in April, with food prices rising by 2.8% and energy prices dropping by 5.4%. The core inflation rate advanced by 2.9%, and the HICP ...

Economy

South Korea's Economic Growth Slows to 0.8%: KDI Forecasts a Challenging Year Ahead

The Korea Development Institute (KDI) has revised South Korea's GDP growth forecast down to 0.8% for the year, citing a construction slump and poor trade conditions. This would be ...

Economy

South Korea's Job Market Faces Polarization as Manufacturing Jobs Plummet to Six-Year Low

South Korea added 194,000 jobs in April 2025, marking four months of growth. However, manufacturing and construction sectors faced significant losses, and youth employment issues p...

Economy

Malaysia's Anti-Corruption Agency Intensifies Probe Into Massive Land Dispute and Destruction of Over 1,000 Durian Trees

Malaysia's anti-corruption agency is investigating a land dispute in Pahang involving the felling of over 1,000 durian trees. The operation has drawn mixed reactions from the commu...

Economy

South Korea Set to Host Historic APEC Trade Ministers' Summit on Jeju Island

South Korea is gearing up to host the APEC trade ministers' summit on Jeju Island, with high-profile attendees including the U.S. Trade Representative and delegates from China, the...

Economy

Trump's Tariff Strategy Unveiled: 10-30% Range Sets Global Trade Benchmarks

Analysis suggests the 10-30% tariff range in recent U.S. agreements with the UK and China sets benchmarks for Trump's trade strategy, with potential flexibility for individual coun...

Economy

KIEP Forecasts a Weakening U.S. Dollar in Latter 2025 Amid Global Economic Slowdown and Trade Wars

KIEP predicts a global economic slowdown to 2.7% growth in 2025, with a potential weak dollar trend emerging due to U.S. economic challenges. Country-specific projections indicate ...

Economy

US and China Forge Historic 90-Day Tariff Reduction Agreement, Boosting Market Optimism

The US and China have agreed to a 90-day reduction in tariffs, a move announced by U.S. Treasury Secretary Scott Bessent. This decision has led to a significant surge in Hong Kong ...