Economy News

Recession concerns deepened as escalating trade tensions between the US, China, and Canada triggered a notable selloff on Wall Street. The Nasdaq plunged 4% on Monday, its largest single-day loss since 2022, erasing $1.1 trillion in market value. The S&P 500 ...

Turkey’s central bank lowered its benchmark interest rate by 2.5 percentage points to 42.5% on Thursday, marking its third consecutive cut. The move follows a decline in annual inflation, which fell to 39.1% in February from 42.1% the previous month, its ...

President Donald Trump’s decision to impose 25% tariffs on imports from Canada and Mexico, alongside doubling duties on Chinese imports from 10% to 20%, has triggered immediate retaliation. China responded with a 15% tariff on key US agricultural products like wheat, ...

US stocks tumbled after Walmart, the world’s biggest retailer, warned that 2025 could be a rough ride. The company expects sales growth to slow as consumers pull back, raising concerns that spending—the backbone of the US economy—may be running out ...

The UK’s inflation rate surged to 3% in January, exceeding analyst forecasts of 2.8%, as reported by the Office for National Statistics. Core inflation, stripping out energy, food, alcohol, and tobacco, climbed to 3.7%, up from 3.2% in December. The increase ...

Malaysia’s economy grew 5.1% in 2024, driven by strong investment and household spending, despite a slowdown in the commodities sector. The country’s central bank reported that GDP expanded by 5% in the fourth quarter, slightly lower than the 5.3% growth ...

The European Commission has wasted no time in responding to the latest trade policy shift from Washington, vowing swift and firm action against the newly announced US reciprocal tariffs. The US move, which the EU executive described as unjustified, marks ...

The Reserve Bank of India (RBI) is expected to cut its benchmark repo rate by 25 basis points to 6.25% as slowing growth and weakening inflation create room for monetary easing. India’s economy expanded just 5.4% in the September quarter, ...

S&P 500 futures rose slightly on Tuesday, gaining 0.1%, as investors digested escalating trade tensions between the U.S. and China. Dow Jones Industrial Average futures dipped 51 points, or 0.1%, while Nasdaq-100 futures climbed 0.3%. The moves followed China’s announcement of ...

The European Central Bank (ECB) has lowered its benchmark interest rate by another 25 basis points, bringing it down to 2.75%, as inflation edges closer to the 2% target while economic growth falters.The move comes amid a bleak economic backdrop, ...

Global markets saw significant movement in the past week, fueled by policy announcements following US President Trump’s inauguration. US markets extended their rally, with the Dow Jones rising 2.48%, the S&P 500 up 2.04%, and the Nasdaq gaining 2.16%. Industrial ...

The Bank of Japan has raised its short-term interest rate to 0.5%, its highest level since 2008, signalingconfidence in steady inflation around its 2% target. The move, supported by an 8-to-1 board vote, is the central bank’s first hike since ...

Germany’s economy, the powerhouse of Europe, contracted for a second consecutive year in 2024, with GDP declining by 0.2%, following a 0.3% drop in 2023. This marks the first back-to-back annual contraction since the early 2000s, a period defined by ...

The euro, now trading below $1.03 as of January 10, is hovering near its weakest level against the greenback in over two years. It could slip below parity with the dollar by early 2025. The currency faces mounting pressure from ...

The global economy faces a turbulent 2025, with inflation, tariffs, and interest rate decisions shaping the landscape. The International Monetary Fund projects global growth at 3.2%, a figure that reveals the ongoing challenges faced by central banks and governments worldwide.In ...