world economy

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

The European Central Bank is particularly concerned about financial stress spreading from non-bank financial firms to regular lenders in periods of market stress, ECB supervisor Sharon Donnery said. Non bank financial intermediaries, often called shadow banks, have grown in size over the past several but face laxer regulation and also lack access to central bank …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

St. Louis Federal Reserve President Alberto Musalem said on Friday he’s closely watching whether a rise in short-term inflation expectations seeps into longer-term expectations, a development that could make fighting inflation a much harder job and reduce the U.S. central bank’s flexibility to respond to weakness in the labor market. Noting high uncertainty over the …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday high levels of uncertainty amid very aggressive trade tariffs argues for a wait-and-see approach to monetary policy, amid signs the U.S. government bond market is holding up under a period of high stress. “I don’t think you should ever take anything off the table– that’s …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

Higher-than-expected tariffs would “very likely” raise both unemployment and inflation, Dallas Federal Reserve President Lorie Logan said on Thursday in remarks that made clear her most immediate concern is keeping inflation, and inflation expectations, in check. “To sustainably achieve both of our dual-mandate goals, it will be important to keep any tariff-related price increases from …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

China will raise its tariffs on goods imported from the US to 125% from 84% on April 12, but indicated that this will be the final hike, according to the Ministry of Finance on April 11. “Under the current tariff levels, the market can no longer accept US goods exported to China. Should the US …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

India’s industrial output (INIP=ECI) in February was its weakest since August 2024, hurt by slowing manufacturing and mining sector growth, government data released on Friday showed. Industrial output grew 2.9% year-on-year in February, missing the 4% growth expected by economists polled by Reuters. Industrial output declined 0.1% in August. The growth rate was revised to …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

The world’s largest money manager BlackRock’s BLK assets increased to a record high in the first quarter despite volatility in financial markets fueled by U.S. President Donald Trump’s tariff proposals. Assets managed by the New York-based firm increased to $11.58 trillion from $10.47 trillion at the end of the same three-month period a year earlier …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

President Xi Jinping told Spain’s prime minister on Friday that China and the European Union must join together in defending globalisation and opposing “unilateral acts of bullying”, in a clear swipe at U.S. President Donald Trump’s tariff policies. Xi, in his first public comments on the issue since Trump launched his tariff offensive last week, …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

China’s exports likely picked up pace in March, as factories rushed out shipments ahead of U.S. President Donald Trump’s sweeping tariffs this month, though the broadening trade war with the United States has darkened the economic outlook. Trade data for March is expected to show outbound shipments rose 4.4% year-on-year in value terms, according to …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

President Donald Trump’s pause on some of his new import taxes may have lessened the stress that had been building in financial markets for now, but leaves in place the same set of circumstances that had reset the U.S. economic outlook with rising recession risks and potentially rising inflation. Major tariffs on China, Mexico and …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

With higher U.S. tariffs postponed by 90 days, European Union finance ministers pledged unity on Friday in negotiating a trade deal with Washington during that window, noting the U.S.’ levies were more hurtful for its own economy than for Europe’s. U.S. President Donald Trump said on Wednesday he was suspending for 90 days the reciprocal …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

Greece will pay off loans granted under the first of three debt-crisis bailouts by 2031, two government officials told Reuters, as the country seeks to lose its label as the most indebted country in the European Union. The payments, which will come in 5-billion-euro ($5.7 billion) annual increments, will allow Greece to pay off the …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

Finally, some good news to end the week: the UK economy grew substantially faster than expected in February. Monthly GDP was 0.5% higher than in January. Admittedly, when you look into the details, it’s a bit of a head-scratcher. Manufacturing accounted for about half of the overall growth, rising by 2.2% across the month. But …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

The U.S. government posted a $161 billion budget deficit for March, down 32% or $76 billion from a year earlier, a decline due largely to a calendar shift for benefit payments as receipts continued to grow, the Treasury Department said on Thursday. The Treasury reported that net customs duties in March totaled $8.75 billion, about …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

The European Union will be ready to respond to U.S. tariffs if negotiations with the United States do not work, German Finance Minister Joerg Kukies said on Friday. “The U.S. side has to be aware that if negotiations do not work, then we will have another discussion around response mechanisms,” Kukies said in Warsaw ahead …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

A trade conflict based on blanket 25% tariffs could cut economic growth in Germany by more than 1 percentage point, according to calculations from an economic institute. That duty would reduce gross domestic product by 1.2% one year after coming into effect, according to the study by the IAB Institute for Employment Research on Friday. …

by hellenicshippingnews… on 11 April 2025 at 9:00 pm

Chinese President Xi Jinping begins a three-nation tour of Southeast Asia next week, his first overseas trip this year, aiming to consolidate ties with some of China’s closest neighbours as trade tension escalates with the United States. Xi will visit Vietnam from April 14 to 15, and Malaysia and Cambodia from April 15 to 18, …

by hellenicshippingnews… on 11 April 2025 at 5:00 pm

New York Federal Reserve President John Williams said on Friday the Trump administration’s current trade policies will accelerate inflation this year, while adding that it’s critical for the U.S. central bank to prevent longer-run expectations of price pressures from becoming unmoored. “It’s hard to know with any precision how the economy will evolve,” Williams said …

by hellenicshippingnews… on 11 April 2025 at 5:00 pm

U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions. The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dropped to 50.8 this month from a final reading of 57.0 in March. Economists polled by Reuters …

by hellenicshippingnews… on 11 April 2025 at 5:00 pm

U.S. monthly producer prices unexpectedly fell in March amid a sharp decline in the cost of energy products, but tariffs on imports are expected to drive inflation higher in the coming months. The producer price index for final demand dropped 0.4% last month after an upwardly revised 0.1% gain in February, the Labor Department’s Bureau …