Japan faces economic setback as exports weaken
GDP slips in the third quarter Japan’s economy shrank at an annualized pace of 2.3 percent between July and September, reflecting a 0.6 percent decline from the previous quarter. Revised figures from
China sets record with trillion dollar trade surplus
Export momentum shifts away from the United States China has pushed its annual trade surplus over the one trillion dollar mark for the first time, driven by strong exports to Europe, Australia
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
Bank of Japan Set to Raise Interest Rates Amid Global Uncertainty
BOJ Expected to Tighten Policy for First Time Since 2023 The Bank of Japan (BOJ) is widely expected to raise interest rates on Friday, barring any unexpected market turmoil tied to U.S.
UK Retail Sales Fall in December, Raising Recession Fears
Unexpected Drop in Retail Sales Stokes Economic Concerns British retail sales fell unexpectedly by 0.3% in December, according to Office for National Statistics (ONS) data released on Friday. The decline, which follows
China’s Economy Grew 5% in 2024, But Growth Remains Uneven
China Hits Growth Target, But At What Cost? China’s economy expanded by 5% in 2024, matching Beijing’s official growth target, but underlying economic weaknesses persist, raising concerns about the sustainability of its
U.S. Producer Prices Rise Less Than Expected in December, Inflation Shows Signs of Easing
Moderate Inflation Trends U.S. producer prices rose 0.2% in December, slightly below the 0.3% increase economists had anticipated, according to the Labor Department’s report on Tuesday. This follows a 0.4% rise in
Oil Prices Dip Slightly as Market Weighs U.S. Sanctions on Russian Exports
Oil Prices Dip Slightly as Market Weighs U.S. Sanctions on Russian Exports Oil prices edged lower on Tuesday after reaching four-month highs earlier this week, as traders assessed the potential impact of
China’s December Trade Data Exceeds Expectations Amid Global Uncertainty
China’s December Trade Data Exceeds Expectations Amid Global Uncertainty China’s trade sector surprised markets in December with exports and imports beating expectations, offering rare optimism in a challenging economic landscape. However, concerns
Germany Faces Second Year of Economic Contraction Ahead of Snap Election
Germany Faces Second Year of Economic Contraction Ahead of Snap Election Germany is on the verge of reporting a second consecutive year of economic contraction, underscoring the challenges awaiting the country’s next
China Expands Consumer Trade-In Scheme and Subsidies to Boost Spending in 2025
Broader Appliance Trade-Ins and Digital Goods Subsidies China has added more home appliances, including microwave ovens, water purifiers, dishwashers, and rice cookers, to its consumer trade-in scheme for 2025. Additionally, subsidies will
Euro Zone Inflation Rises to 2.4% in December, Marking Third Straight Increase
Inflation Trends Continue Annual inflation in the euro zone increased for a third consecutive month in December, reaching 2.4%, according to preliminary data from Eurostat. This aligns with economists’ expectations and represents
Private Sector Job Growth Slows in December; Wage Growth at 3½-Year Low
Job Creation Falls Short of Expectations Private sector job creation eased more than anticipated in December, according to a report by ADP. Companies added a seasonally adjusted 122,000 jobs, marking the smallest