Economy - Page 21

The latest news and insights on economic trends and global markets.

December 3, 2025

Australia’s GDP delivers fastest growth in nearly two years

Strong domestic demand lifts expansion despite slight forecast miss Australia’s economy grew 2.1 percent year over year in the third quarter, data from the Australian Bureau of Statistics showed Wednesday. Although slightly

November 28, 2025

Canada records stronger than expected Q3 growth

GDP rebounds despite pressure from U.S. tariffs Canada’s economy expanded at a faster pace than anticipated in the third quarter, driven by higher crude oil exports and increased government spending. Gross domestic

November 28, 2025

Eurozone shows steady growth and controlled inflation

Data supports stable monetary policy outlook Fresh economic figures from across the euro zone indicate that both growth and inflation remain on a stable trajectory. Analysts say this reinforces expectations that the

China’s Passenger Vehicle Sales Drop 9% in January

by Jamie Spencer

Retail sales of passenger vehicles in China fell 9% year-over-year in January 2025, totaling 1.853 million units, down from 2.035 million in the same month last year, according to preliminary data from

February 11, 2025

Bank of Mexico Cuts Interest Rate to 9.5%

by Jamie Spencer

The Bank of Mexico (Banxico) lowered its benchmark interest rate by 50 basis points on Thursday, citing cooling inflation and economic weakness. The rate now stands at 9.5%, marking its largest cut

February 7, 2025

Bank of England Cuts Rates, Slashes Growth Forecast

by Jamie Spencer

The Bank of England has halved its UK growth forecast for 2025, expecting the economy to expand by just 0.75%, down from its previous estimate of 1.5%. The downgrade comes as the

February 6, 2025

U.S. Job Openings Drop to 7.6M, Lowest Since September

by Jamie Spencer

Job openings in the U.S. fell sharply in December while hiring, voluntary quits, and layoffs remained steady, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) released Tuesday. Key

February 4, 2025

US Economy Grows 2.5% in 2024, Trump Policies Add Uncertainty

by Jamie Spencer

The US economy expanded 2.5% over the past year, according to Commerce Department figures released Thursday, underscoring the solid economic foundation inherited by President Donald Trump. Consumer spending remained strong, supported by

January 30, 2025

ECB Cuts Rates, Signals More Easing in March

by Jamie Spencer

ECB-Cuts-Rates-Signals-More-Easing-in-March The European Central Bank (ECB) cut interest rates on Thursday and signaled another reduction in March as concerns over economic stagnation outweigh persistent inflation fears. This marks the fifth ECB rate

January 30, 2025

France’s Economy Contracts as Political Uncertainty Persists

by Jamie Spencer

France’s economy shrank 0.1% in the fourth quarter, according to preliminary data from INSEE on Thursday. The contraction follows 0.4% growth in the third quarter of 2024 and underscores the challenges facing

January 30, 2025

Germany’s Economy Contracts 0.2% in Q4, Raising Recession Fears

by Jamie Spencer

The German economy shrank by 0.2% quarter-on-quarter in the final three months of 2024, according to preliminary data from Germany’s statistics office Destatis on Thursday. This decline was sharper than analysts’ expectations,

January 30, 2025

Germany Slashes 2025 GDP Forecast to 0.3% Amid Stagnation

by Jamie Spencer

Germany’s economy is struggling to gain momentum, with the government cutting its 2025 GDP growth forecast to just 0.3%, down sharply from the previous projection of 1.1%. Economy and Climate Minister Robert

January 29, 2025

Fed Expected to Pause Rate Cuts Amid Inflation Concerns

by Jamie Spencer

Borrowers hoping for additional Federal Reserve rate cuts may have to wait, as the central bank is expected to hold rates steady at its January 29 meeting. According to FactSet polling, more

January 29, 2025

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