Economy News

Economy

Fitch Forecasts Significant Base Rate Cut by Bank of Korea to 1.75% Amid Economic Slowdown

Fitch Ratings forecasts the Bank of Korea will lower its base rate to 1.75% due to economic slowdown, with weak domestic demand and exports. The agency also discusses potential imp...

Economy

March Brings a Surprising 2.6% Surge in UK Retail Sales, Defying Analyst Predictions

UK retail sales volumes jumped by 2.6% in March year-on-year, surpassing expectations. Monthly sales rose by 0.4%, with textile clothing and footwear sales up 3.7%. Food store sale...

Economy

UK Retail Sales Surge by 2.6% in March, Exceeding Analysts' Expectations

The UK's retail sales volumes increased by 2.6% in March compared to last year, exceeding analysts' forecasts. Monthly sales rose by 0.4%, with significant growth in textile, cloth...

Economy

Surprising 2.6% Surge in UK Retail Sales March 2025: A Sign of Economic Recovery?

UK retail sales volumes rose by 2.6% in March 2025 year-on-year, surpassing expectations. Monthly growth was 0.4%, with significant increases in textile clothing and footwear sales...

Economy

South Korea's Forex Market Booms: Record $72.76 Billion Daily Transactions in Q1

South Korea's forex market hit a record high with daily transactions averaging $72.76 billion in Q1, driven by increased foreign investment in bonds and a rising won-dollar exchang...

Economy

Surprising 2.6% Surge in UK Retail Sales This March Beats All Predictions

UK retail sales volumes rose by 2.6% in March year-on-year, surpassing analysts' forecasts. Monthly sales increased by 0.4%, with textile, clothing, and footwear sectors growing by...

Economy

Breaking News: South Korea and U.S. Forge Historic 'July Package' to Eliminate Tariffs and Boost Trade

South Korea and the U.S. have agreed on a 'July Package' to abolish tariffs and enhance trade relations, with discussions focusing on tariff measures, economic security, and invest...

Economy

South Korea Faces Economic Stagnation: Can It Overcome the Challenges?

South Korea's economy is experiencing stagnation with a GDP growth rate of just 0.1% for four consecutive quarters, driven by declining investments and weak domestic demand. Export...