Australia’s Central Bank Cuts Interest Rates in February
The Reserve Australia’s Central Bank (RBA) cut its benchmark interest rate by 25 basis points in its February meeting, bringing it down to 4.1%, in line with market expectations. This marks the first rate cut since November 2020, following a...
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Eurozone Trade Surplus Shrinks in December 2024
The Eurozone’s trade surplus declined in December 2024, reflecting shifts in global trade dynamics. While the surplus remains strong, rising imports and changes in key sectors are reshaping the region’s economic landscape. Eurozone Trade Surplus: A Mixed Picture Slight Decline...
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Japan’s Economy Surges in Q4 2024: What’s Driving the Growth?
Japan’s economy wrapped up Q4 2024 with a stronger-than-expected growth rate, defying global uncertainties and inflationary pressures. With GDP rising at a faster pace than forecasted, what factors contributed to this momentum, and what does it mean for the country’s...
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U.S. Retail Sales Decline 0.9% in January 2025
Retail sales in the U.S. fell 0.9% in January 2025, significantly worse than the forecasted 0.1% decline. This drop follows a 0.7% increase in December 2024, signaling a sudden shift in consumer spending trends. Which Sectors Experienced the Biggest Declines?...
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China’s Current Account Surplus Hits a Record High in Q4 2024
China has once again made headlines in global finance, achieving its highest-ever current account surplus of 180.7 billion dollars in the fourth quarter of 2024. This marks a substantial rise from 56.2 billion dollars in the same period of 2023...
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