Macro

Consumer confidence in the Eurozone took an unexpected dip in March, falling to its lowest level in three months, according to flash estimates released by the European Commission on Friday. The consumer confidence indicator for the Euro area fell to -14.5, down from -13.6 in February. The decline surprised analysts, who had anticipated an improvement to -13.0. This latest reading marks the

The OECD’s latest Interim Economic Outlook reveals a global economy facing increasing uncertainty amid slowing growth, persistent inflationary pressures, and escalating trade tensions. While the global economy has shown resilience in 2024, signs of weakness are emerging, prompting the OECD to revise its growth and inflation projections. Global growth is forecast to decelerate to 3.1% in 2025 and 3.0% in 2026, with

China has set an economic growth target of “around 5%” for 2025, according to announcements made during its annual parliamentary session. The government emphasized the implementation of a more proactive fiscal policy and monetary easing measures, as trade tensions with the United States continue to escalate under President Donald Trump’s second term. Since Trump’s return to the White House in January, Washington

Japan’s annual inflation rate climbed to 4.0% in January 2025, a two-year high, up from 3.6% in December 2024, according to the Statistics Bureau. This sharp increase intensifies pressure on the Bank of Japan (BoJ) to continue tightening monetary policy. The primary driver of this surge was a significant rise in food prices, which jumped 7.8%, the steepest increase in 15 months.

UK house prices recorded their highest monthly increase since 2020, driven by a surge in new sellers entering the market in January, according to property website Rightmove. Average house prices rose by 1.7% in January compared to December, following a 1.7% decline in the previous month. On an annual basis, house price growth accelerated to 1.8% from 1.4% in December. Rightmove reported

The world economy is projected to remain resilient despite significant challenges, according to the OECD’s latest Economic Outlook. The Outlook projects global GDP growth of 3.3% in 2025, up from 3.2% in 2024, and 3.3% in 2026. Inflation in the OECD is expected to ease further, from 5.4% in 2024 to 3.8% in 2025 and 3.0% in 2026. Headline inflation has already

The European Union (EU) and Mercosur finalised a free trade agreement on Friday (Dec. 6), after more than 20 years of negotiations. Mercosur is the South American economic bloc comprising Argentina, Bolivia, Brazil, Paraguay, and Uruguay. “This is a win-win agreement, which will bring meaningful benefits to consumers and businesses, on both sides. We are focused on fairness and mutual benefit. We

The Organization for Economic Cooperation and Development (OECD) said on Wednesday (Sept. 25) that the world economy is turning the corner as growth remained resilient through the first half of 2024, with declining inflation, though significant risks remain. With robust growth in trade, improvements in real incomes and a more accommodative monetary policy in many economies, the OECD’s latest Interim Economic Outlook

The Austrian economy contracted 0.6% in the second quarter of 2024 on an annual basis, the latest data from Statistics Austria showed. “Austria’s economy is sliding from recession towards stagnation. In the second quarter of 2024, gross domestic product fell for the fifth time in a row, declining by 0.6% compared to the same quarter of the previous year. Industrial production and

The Indian economy expanded by 6.7% from the previous year in the June quarter of 2024, slowing from the 7.8% increase in the earlier period, preliminary figures from the country’s statistical office showed Friday. The Reserve Bank of India (RBI) had forecast 7.1% growth for the quarter while economists had forecast 6.9% expansion. It was the slowest expansion in five quarters, as