Economy

French central bank reports loss of $8.4 billion for 2024

The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses

EU employment grows 0.2 percent in Q4 2024 as economy steadily expands

Romania, Spain, Greece and Portugal recorded the highest employment growth compared with the previous quarter

U.S. job cuts surge 245 percent in February, fueled by Musk and Trump’s workforce reductions

U.S. employers announced 172,017 layoffs in February, up 245 percent from January’s figures

China aims for 5 percent growth in 2025 amid challenges from Trump tariffs

The government plans to issue $179 billion in special treasury bonds this year to finance its stimulus effort

Eurozone annual inflation up to 2.5 percent, March rate cut still likely

Last week, Lagarde suggested price growth may fluctuate before slowing toward the 2 percent target later

U.S. consumer prices rise 0.5 percent in January, annual rate grows 3 percent

In the 12 months through January, core U.S. consumer prices rose 3.3 percent after gaining 3.2 percent in December

U.S. adds 143,000 jobs in January as unemployment rate slips to 4 percent

November and December payrolls were revised up by 100,000 due to routine annual adjustments

South Korea’s GDP per capita outpaces Japan and Taiwan in 2024, surpasses $36,000

The country's per capita GDP has been calculated based on a nominal growth rate of 5.9 percent

GDP remains steady in Eurozone, up by 0.1 percent in EU

Germany and France, the two largest economies within the bloc, have reported unexpected contractions

EU allocates $1.96 billion for humanitarian aid in 2025

The EU has set additional emergency funding in its budget which includes more than €295 million for worldwide actions

U.S. stocks spike amid positive CPI report

The closely watched core measurement of the Consumer Price Index slowed for the first time in months

Malaysia, Singapore launch special economic zone to boost trade and investment

The zone will offer tax incentives and include key areas in sectors such as aerospace and tourism

Eurozone inflation rises to 2.4 percent for third consecutive month in December

Core inflation remained steady at 2.7 percent for the fourth month in a row

Eurozone economy struggles as December 2024 PMI reaches 49.6

Despite exceeding 49.5, PMI remained below the 50 threshold for growth 

Japan approves record $730 billion budget for FY 2025

The draft got greenlighted by the Cabinet, includes 8.7 trillion yen in defense spending

U.S. holiday retail sales grow 3.8 percent in 2024, says Mastercard

Online retail sales grew 6.7 percent year-over-year, whereas in-store sales increased 2.9 percent

China’s economy to grow 5 percent in 2024, contributing 30 percent to global expansion

Foreign exchange reserves remain steadily above $3.2 trillion 

China’s foreign trade up 4.9 percent to $5.49 trillion in 11 months

Exports surged by 6.7 percent year-on-year, totaling 23.04 trillion yuan 

Japan’s economic growth surpasses estimates: 1.2 percent GDP revision and implications for interest rate hikes

Japan's economy grew faster than expected in July-September, driven by higher capital investment and exports 

China’s consumer inflation slows to five-month low in November

The producer price index fell 2.5 percent year-on-year in November, a slower decline than the 2.9 percent in October

Euro area unemployment rate steady at 6.3 percent in October 2024

In October 2024, there were around 12.971 million people unemployed in the EU

U.S. economic growth unrevised at 2.8 percent in Q3 2024

The current‑dollar GDP of the U.S. increased 4.7 percent at an annual rate to $29.35 trillion

U.S. hosts record 1.12 million international students, adding $50 billion to economy in 2023/2024

Despite competition from the U.K., Canada, and Australia, the U.S. remains the top choice for international students