🇰🇷🇺🇸 Korea & US Economy News: February 10–11, 2025 📊🔥
Hello, this is [World's ecenomy and investment], bringing you the latest economic news in a quick and easy-to-understand format!
Today, we’ll cover the key economic developments in Korea and the US from February 10 and 11, 2025.
If you're an investor, professional, or just interested in economic trends, this is for you! 🚀💰
📌 US Economy News
1️⃣ McDonald's Sales Decline in the US 📉
McDonald's reported that its Q4 US sales dropped by 1.4% year-over-year. 🍔💸
📉 The decline is attributed to the temporary suspension of Quarter Pounder burger sales in some states due to an E. coli outbreak.
📈 However, global same-store sales increased by 0.4%, showing resilience in international markets.
🔗 Source: Investopedia
2️⃣ Trump Announces 25% Tariff on Steel & Aluminum ⚙️💵
🚨 Former President Donald Trump has announced a 25% additional tariff on imported steel and aluminum.
📊 As a result, US steel manufacturers like Nucor and Cleveland-Cliffs saw a significant stock surge.
💡 Experts warn that this move could escalate trade tensions with China and Europe.
🔗 Source: Investopedia
3️⃣ Penny (1-Cent Coin) Production to Be Halted? 💰🚫
Trump has ordered the US Treasury to stop producing pennies due to high production costs.
📉 It currently costs $0.0369 (3.69 cents) to mint a single penny, resulting in a $85.3 million loss in 2024 alone.
💡 Many economists support this decision, arguing that small denominations are no longer economically viable.
🔗 Source: Investopedia
4️⃣ BP Stock Rises 6% as Elliott Management Steps In 🛢️🔥
BP shares surged 6% after news broke that Elliott Management had taken a significant stake in the company.
📢 The hedge fund is pressuring BP to cut costs and reduce debt, which could lead to major strategic shifts.
🔗 Source: Investopedia
📌 South Korean Economy News
1️⃣ Korea's GDP Growth Forecasted at 2.2% 📉
🇰🇷 According to the United Nations Department of Economic and Social Affairs (DESA),
South Korea's GDP growth rate for 2025 is expected to be 2.2%,
which is lower than the global average of 2.8%. 😥
📌 The Bank of Korea may consider an interest rate cut in response to the US Fed’s policy changes.
🔗 Source: Etoday
2️⃣ Inflation Expected to Drop Below 2% 📊
📉 South Korea’s inflation rate has been steadily declining:
- 2023: 3.6%
- 2024: 2.3%
- 2025 (forecast): Below 2%
✅ Lower inflation improves consumer purchasing power,
⚠️ but too much deflation can be harmful to economic growth.
🔗 Source: Etoday
3️⃣ Major Earnings Reports on February 11 📢
📅 On February 11, several major companies are set to release their earnings reports,
including Coca-Cola, Marriott, and SelectQuote.
📉 These reports could impact global investor sentiment, including in Korea.
🔗 Source: Do-jjun Blog
🎯 Summary
✔️ US Highlights
- McDonald's US sales dropped by 1.4% 📉
- Trump announces a 25% steel & aluminum tariff ⚙️
- Penny production halted due to high costs 💰
- BP stock surged 6% after Elliott Management's stake 🛢️
✔️ Korea Highlights
- GDP growth forecast at 2.2% 📉
- Inflation expected to drop below 2% 📊
- February 11: Key global earnings reports 🔥
📢 What are your thoughts on today’s economic news?
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📌 [W-E-I] provides daily economic news updates.
📬 Stay tuned for more insights! 🚀💙
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