Economy

Italian Prime Minister Giorgia Meloni, who took office in 2022, has been viewed as a pragmatic leader, willing to collaborate on major international issues despite her conservative background. However, during the recent Group of Seven summit held in southern Italy, Meloni asserted her nationalist camp’s values on family and reproductive rights, challenging the expectations of
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French Finance Minister Bruno Le Maire has issued a warning regarding the potential for a financial crisis in France if the far right were to win snap elections in the near future. Currently, Marine Le Pen’s eurosceptic National Rally (RN) is leading in the polls, with promises to implement protectionist economic policies and reduce the
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The recent softer-than-expected U.S. inflation data has had a significant impact on the foreign exchange market, particularly in Asia. While most Asian currencies were firm against a weakening dollar, the yen struggled ahead of a Bank of Japan meeting, and U.S. policymakers signaled that rates would remain high for the foreseeable future. Following the U.S.
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The dollar stabilized after reaching a four-week high against other major currencies as traders eagerly awaited key U.S. inflation data and the Federal Reserve’s updated interest rate projections. The U.S. dollar’s recent rebound can be attributed to Friday’s strong jobs report, which suggests sustained inflation alongside robust economic growth. Consequently, the likelihood of the Federal
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Poland is facing significant challenges in its fiscal policy, as highlighted by a senior International Monetary Fund official. The European Commission has projected that Poland’s budget deficit will rise to 5.4% of gross domestic product this year, which is among the highest in the European Union. This is primarily due to the government’s increased expenditure
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