According to JPMorgan Chase CEO Jamie Dimon, a recession in the US economy remains a possibility even after the recent decrease in reciprocal import tariffs with China. "If a recession occurs, I'm uncertain about its extent and duration." "I wish we can steer clear of it, but at this moment, we...

Eurostat’s revised data for the first quarter of 2025 show the euro area economy expanding by just 0.3 percent—down from an earlier estimate of 0.4 percent—and underscore growing concerns that the bloc’s fragile recovery is faltering under multiple strains. While employment continued to rise...

Britain’s economy roared into 2025 with an unexpectedly strong performance in the first quarter, expanding by 0.7 percent between January and March—well above City forecasts—and underscoring a burst of activity that preceded looming tax increases and new trade levies. While the bounce has provided...

Asia-Pacific Economic Cooperation (APEC) ministers and senior trade officials gathered on Jeju Island, South Korea, this week to confront mounting evidence that new U.S. import levies are choking off regional commerce. In a stark forecast unveiled at the bloc’s annual trade ministers’ meeting, APEC...

European Union finance ministers were presented with a stark assessment this week: Russia’s economy is deteriorating far more rapidly than Moscow’s official figures suggest. Commissioned by the EU and authored by the Stockholm Institute of Transition Economics (SITE), the report warns that Russia’s...

The proportion of overdue consumer loans in the US increased in the first quarter, reaching its highest point in five years because of the restart of student loan data release. According to a report from the Federal Reserve Bank (the Fed) of New York, the proportion of loans with overdue payments...

In a dramatic pivot in its trade policy, the United States will reduce the “de minimis” duty on low-value parcels from China to 54 percent of declared value—down from the 120 percent tariff imposed earlier this year—effective 12:01 a.m. EDT on May 14, 2025. A flat fee of US \$100 per package will...

Global markets surged on Monday as Washington and Beijing announced a provisional halt in their escalating tariff conflict, prompting a wave of investor optimism tempered by caution over the path to a permanent settlement. In a highly anticipated result from two days of negotiations in Geneva, the...

In a dramatic shift from the combative rhetoric that has defined their recent trade clashes, senior U.S. and Chinese negotiators emerged from back-to-back sessions in Geneva with a landmark interim agreement to temporarily slash reciprocal tariffs. Over two intense days of talks, the world’s two...