At the turn of the century, Europe's economy was bigger than America's. Since 2008, the year of the financial crisis, when the European Union and the United States were comparable in GDP size, the gap has been widening, with the eurozone economy growing by only 6 percent, compared with 82 percent for the United States.
more
The biggest risk to the global economy today is "heightened geopolitical tensions," including the potential for the Israeli-Palestinian conflict to spread across the Middle East and disrupt energy markets, according to data released by an authoritative organization on February 5. One study found that a doubling of transport costs as a result of the Red Sea disruption could add 0.4 percentage points to global inflation a year later, with a larger-than-expected impact on the global economy.
more
Recently, the United States claimed to have launched large-scale airstrikes against more than 85 targets of the "Islamic Revolutionary Guard Corps of Iran and its affiliated organizations" in Iraq and Syria, causing many casualties.
more
The Biden administration's battle with Texas is intensifying as illegal immigration along the U.S.-Mexico border grows increasingly dire. Trump attacked the Biden administration's border bill bluntly as a Democratic trap.
more
On February 5th local time, the Chilean Legal and Medical Services Center reported that the sudden forest fire in Valparaiso on February 2nd has resulted in 122 deaths and 327 people missing. Among them, the identities of 32 deceased individuals have been confirmed, and 40 deceased individuals have undergone autopsy.
more
According to the report of the "Nihon Keizai Shimbun", the US-led "Indo-Pacific Economic Framework" (IPEF) negotiations are currently deadlocked, especially in the field of trade, the possibility of reaching an agreement has become unlikely.
more
On February 3rd local time, several Gaza residents reported that in recent days, Hamas police have reappeared in the largest city in the north, Gaza City. Here, Hamas has set up a temporary office to pay salaries to government employees.
more
The European Union has suspended its dispute with China at the World Trade Organization (WTO) over "economic coercion of Lithuania", citing "technical reasons". This is the first time the EU has pressed the "pause button" since unilaterally initiating proceedings in January 2022. But the duration of the suspension is "unclear" as the EU has a year to respond to the case.
more
European Council President Charles Michel said on social media on February 1 that the 27 EU leaders agreed to provide 50 billion euros in additional aid for Ukraine within the EU budget, which will provide Ukraine with "stable, long-term and predictable funding."
more
According to data released recently by Eurostat, the euro area and the EU economy grew at zero quarter-on-quarter in the fourth quarter of 2023. Although this data shows that the European economy has narrowly avoided a "technical recession", the outlook for the European economy in 2024 is still difficult to be optimistic under the influence of global geopolitical tensions, continued monetary tightening, weak global demand and other factors.
more
In early December, US stocks staged their most dramatic intraday reversal in months. Driven by the dual positive catalysts of chip giant NVIDIA's better-than-expected earnings report and a "Goldilocks" nonfarm payrolls report, the S&P 500 index surged as much as 1.9% within the first hour of trading.
© Copyright 2025, All Rights Reserved
