Latest Finance-Economy News
Vietnam Credit Growth Hits 19-20% in 2025, Highest in 15 Years
Vietnam's credit growth is forecast to reach 19-20% in 2025, marking the highest increase in 15 years. This surge is driven largely by a 37% rise in business real estate lending and 20% increase in social housing loans, boosted by favorable policies and low interest rates.
US Tariff Overhaul in 2025 Cuts Imports and Trade Deficit but Hits Households
The 2025 US tariff overhaul reduced imports by 5.1% to $340.4 billion and cut the trade deficit by 24% to $59.6 billion. However, it raised consumer prices by 2.3%, costing households on average $3,800 annually, with low-income families disproportionately affected, suffering 2.6 times greater income loss.
US GDP Contracts 0.9 Percentage Points in 2025 Amid Tariff-Related Challenges
Due to tariff-induced price hikes and supply chain disruptions, the US experienced a 0.9 percentage point GDP contraction in 2025, with a projected 0.6% annual long-term shrinkage, translating to an economic output loss of $160 billion yearly.
US Export Levels Hold Steady Despite Tariff Measures
Despite tariffs aiming to boost domestic manufacturing, US exports remained flat at $280.8 billion in 2025, indicating limited impact on export growth and highlighting persistent challenges in trade balance improvement.
Black Friday 2025 Sees Record Shopper Numbers but Decreased Spending in US
The US Black Friday event attracted record-breaking shopper turnout, yet consumer spending demand declined sharply reflecting inflationary pressures and dampened confidence amid a challenging economic environment.
Key Global Economic Indicators Show Mixed Signals on Growth and Inflation
Recent data reports reveal modest growth in Italy’s PPI MoM increases of 0.2% and a slight rise in Euro Area retail sales by 0.1%, contrasting with shrinking industrial production in Brazil and continued weak investment in Mexico, suggesting uneven recovery patterns worldwide.
US Labor Market Shows Moderate Employment Gain but Elevated Job Cuts Persist
ADP reports a moderate employment increase of 42,000 jobs; however, Challenger job cuts rose notably to 153,074, signaling ongoing labor market pressures with potential implications for wage growth and consumer spending.
Central Banks of Euro Area Schedule Speeches Amidst Inflation and Growth Concerns
ECB officials including Cipollone and Guindos are slated to address monetary policy challenges amid inflation moderation efforts, aiming to balance growth support with price stability in the Eurozone economy.
Mortgage Rates in US Slightly Rise, Potentially Impacting Housing Market Recovery
US mortgage rates edge up, with 30-year fixed-rate mortgages rising to 6.23%, creating affordability challenges for buyers and possibly curbing housing market momentum amid broader economic uncertainty.
Federal Reserve Oversees Financial Stability with Upcoming FOMC Press Release
The Federal Reserve prepares to issue the latest FOMC press release, expected to provide guidance on interest rates and economic outlook, critical for markets and policymakers to navigate inflation and growth forecasts.