Economy

Vietnam gained a trade surplus of $11.12 billion in 2019, according to the latest statistics from the General Department of Customs.

The Eurozone recorded a €28 bn surplus in trade in goods with the rest of the world in October 2019, compared with +€13.2 bn in October 2018, Eurostat reported on Tuesday (Dec. 17). The figure is above expectations.

The US economy grew faster than initially expected in the third quarter of 2019, according to the "second" estimate released by the Bureau of Economic Analysis (BEA) on Wednesday (Nov. 27).  Gross domestic product (GDP) increased at a 2.1% annualised rate.

The Asian Development Bank (ADB) said on Tuesday (Nov. 19) that it will raise its lending rates for wealthier member countries.

The ongoing US-China trade war has been a “lose-lose” situation for both countries and the wider world and it is likely to deteriorate unless a deal is reached, UN economists warned in a new paper published on Tuesday (Nov.

Federal Reserve officials cut interest rates by 25 basis points for the third time this year 
in an effort to boost the economy but hinted they may hit pause on monetary policy easing for now.

British manufacturing output continued to fall in the quarter to October, a survey by the Confederation of British Industry (CBI) showed on Tuesday (Oct. 22). 

Indian-born American Abhijit Banerjee, French-American Esther Duflo and American Michael Kremer won the 2019 Nobel Economics Prize on Monday (Oct. 14) the Royal Swedish Academy of Sciences announced in Stockholm.

European Central Bank officials were deeply divided over restarting bond purchases, according to minutes of their Sept. 11-12 policy meeting, published Thursday (Oct.10).

The bad news just keeps on coming for the world economy, where nothing seems to be going right.

On Friday (Sept. 6), a closely watched report from the US Labour Department showed weaker than expected job growth in the month of August.