economic growth News

US Tariffs on Indian Goods Skyrocket to 20.7%, Signaling Deepening Trade Tensions and Economic Concerns

The US tariff rate on Indian goods has jumped to 20.7% in 2025 from 2.4% in 2024, raising concerns over India's economic growth and manufacturing ambitions amid escalating trade te...

South Korea's Bold Economic Strategy Aims to Surpass Global Growth Predictions

South Korea's Ministry of Economy and Finance aims for a 1% growth rate, exceeding global forecasts through fiscal and regulatory reforms. Challenges include overcompetitive market...

China's Service Sector Bounces Back: July PMI Hits 52.6, Signaling Robust Growth

China's service sector showed remarkable growth in July, with the PMI reaching 52.6, indicating a significant recovery and the fastest growth pace in over a year, according to S&am...

Japan's Service Sector Bounces Back in July with a Significant Rise in Business Activity Index

Japan's service sector activity increased in July, with the Business Activity Index rising to 53.6, supported by new work orders. The composite PMI also improved slightly. A US-Jap...

German Bond Yields Dip as Fiscal Stimulus and Trade Tariff Uncertainties Stir Market Sentiment

German bond yields fell as investors sought safer options amid tariff uncertainties and after the German government approved a fiscal stimulus package. Manufacturing showed slight ...

RBI Expected to Maintain Repo Rate at 5.5% Amid Economic Growth Concerns and Low Inflation

The Reserve Bank of India is expected to maintain the repo rate at 5.5% in its upcoming policy review, balancing growth concerns with low inflation. Experts suggest a cautious appr...

Fed Officials Warn of Economic Risks in Holding Off on Rate Cuts, Urge Gradual Approach

Federal Reserve officials Michelle Bowman and Christopher Waller highlight the risks of delaying interest rate cuts, emphasizing the importance of a gradual approach to safeguard t...

India's Forex Reserves Surge by $2.7 Billion: A Closer Look at the Gold and SDR Holdings Growth

India's foreign exchange reserves increased by $2.7 billion to $698.1 billion, with significant contributions from gold and SDR holdings. The RBI's latest data highlights the resil...

July Sees a Surge in Australian Factory Activity: A Sign of Economic Resilience?

Australian factory activity expanded in July, with the PMI rising to 51.3, indicating the fastest growth since April and marking seven months above the neutral 50 mark. Experts hig...

June Sees a 0.3% Rise in US Personal Spending Amid Inflation Surge

US personal spending and income both grew by 0.3% in June, with the PCE price index rising to 2.6% annually, indicating higher inflation than expected. Core PCE inflation also incr...

South Korea's National Tax Revenue Soars by 21.5 Trillion Won in First Half, Signaling Economic Growth

South Korea's national tax revenue increased by 21.5 trillion won in the first half of the year, reaching 190 trillion won, driven by higher corporate and income taxes. This growth...

Japan's Industrial Output Surges by 1.7% in June, Exceeding Market Expectations

Japan's industrial production index rose by 1.7% in June, exceeding expectations with a 4% increase year-on-year. Shipments slightly decreased month-on-month but grew annually, whi...

Federal Reserve Holds Steady: Interest Rates Remain Unchanged Amid Economic Uncertainty

The Federal Reserve has decided to keep interest rates unchanged between 4.25% and 4.5% for the fifth time in a row, amid mixed economic signals including moderated growth and soli...

Germany's Retail Sector Soars: A 4.9% Surge in June Sales Signals Economic Resilience

Germany's retail sector in June showed a robust 4.9% year-over-year growth in real terms, with notable increases in both food and non-food sectors, signaling economic resilience.

ECB's Makhlouf Warns: US-EU Trade Deal Could Slow Down Economic Growth Amid Tariffs

ECB's Gabriel Makhlouf warns that the US-EU trade deal, featuring 15% tariffs on EU goods, may slow economic growth by affecting firms and consumers, though it could reduce global ...

Spain's Retail Sector Shows Resilient Growth with a 1.1% Increase in June Sales

Spain's retail sales rose by 1.1% in June, with food and other products retail trade growing by 1.2% and gas station sales by 1.3%. Annually, sales surged by 6.2%, and employment i...

ECB Survey Reveals Slight Dip in 1-Year Inflation Expectations to 2.6%, Stability in Longer Terms

The ECB's June survey shows a slight decline in 1-year inflation expectations to 2.6%, with stable longer-term forecasts. Economic growth and unemployment outlooks show minor impro...

India's Economy Holds Steady in FY26 Amid Credit Slowdown and Global Tariff Uncertainties

India's economy is on a stable path in FY26, supported by domestic demand and supply, despite challenges like credit slowdown and global tariff uncertainties. The finance ministry ...

Trump Urges Immediate Rate Cuts by Fed Chair Powell Amid Economic Success Claims

President Donald Trump advocates for Federal Reserve rate cuts during a meeting in Scotland, comparing US policies with global strategies and emphasizing the economic benefits of s...

India-UK Trade Deal Unlocks 70% Growth Potential for Seafood Exporters with Duty-Free Access

The India-UK CETA agreement removes tariffs on Indian seafood, promising a 70% export growth to the UK. It also benefits textiles, leather, and services, marking a significant leap...

ECB's Growing Concerns Over Economic Growth: A Shift Towards Cautious Measures?

Olli Rehn of the ECB highlights growing concerns over economic growth, suggesting a cautious future approach. The ECB has decided to keep interest rates steady, marking a pause in ...

President Xi Jinping Vows China's Unwavering Commitment to Global Market Expansion and Economic Growth

Chinese President Xi Jinping reaffirms China's commitment to global market expansion and economic growth, emphasizing national rejuvenation through modernization and the importance...

UK Retail Sales Experience a Surprising 1.7% Growth in June, Defying Analyst Predictions

The UK's retail sales volumes grew by 1.7% in June year-over-year, slightly below expectations. Monthly sales rose by 0.9%, with automotive fuel and food stores seeing significant ...

ECB Official Assures US Tariff Hikes Unlikely to Fuel Inflation, Highlights Euro's Role

ECB's Francois Villeroy de Galhau discusses the unlikely impact of US tariff hikes on inflation, highlighting the euro's disinflationary effect and the importance of flexible econo...

ECB's Lagarde Declares Victory Over Inflation: A New Era for the Eurozone Economy?

ECB President Christine Lagarde announces the end of major inflationary shocks in the Eurozone, with inflation reaching the 2% target and the economy showing signs of growth. Howev...

US Economy Shows Strong Growth in July as Composite PMI Hits a 7-Month High

The US Composite PMI rose to 54.6 in July, indicating strong economic growth, with services sector leading the way. Manufacturing PMI, however, saw a slight decline. Experts highli...

Historic India-UK Free Trade Agreement Signed: A New Era of Bilateral Trade and Economic Growth

The India-UK Free Trade Agreement (FTA) was signed during PM Modi's UK visit, aiming to double bilateral trade to $120 billion by 2030. It reduces tariffs on key exports and import...

RBI Highlights Growth in Agriculture and Services Amidst Macroeconomic Volatility

The RBI reports cautious optimism for India's economy, highlighting growth in agriculture and services amidst macroeconomic volatility, industrial challenges, and inflation pressur...

Asia-Pacific Markets Surge as South Korea's GDP Rebounds and Japan's Nikkei 225 Jumps 1.96%

Asia-Pacific markets traded mostly higher following positive economic reports, including South Korea's GDP growth and Japan's Nikkei 225 surge. Trade talks between South Korea and ...

Australia's Services Sector Sees Significant Growth in July, Marking a Strong Start to Q3 2025

Australia's services sector showed robust growth in July 2025, with the PMI Business Activity Index rising to 53.8. The Composite PMI also reflected this positive trend, adjusting ...

Bank of America Boosts Shareholder Value with 8% Dividend Hike and $40B Buyback Strategy

Bank of America announces an 8% dividend increase to $0.28 per share and a new $40 billion stock buyback program, emphasizing its commitment to shareholder returns and economic gro...

Bank of Japan Cautions on Trade Risks: Economic Growth Faces Potential Slowdown

Bank of Japan's Deputy Governor Shinichi Uchida warns of potential economic slowdown due to trade risks, despite current moderate recovery. Inflation may fluctuate, necessitating c...