Economy

Thailand’s economy grows 2.8 percent in Q2 2025 amid slowing consumption and trade risks

Thailand's exports remained a key driver, expanding 15 percent, supported by front-loaded shipments ahead of the expiry of U.S. Reciprocal Tariffs suspension

Germany’s economy contracts 0.3 percent in Q2 2025 as U.S. demand slows

The statistics office reported that industrial production performed worse than previously estimated

Eurozone business activity picks up in August as new orders rise for first time in 15 months: PMI

Germany, the euro area’s largest economy, recorded its third straight month of output growth in August

Switzerland moves to ease burdens on businesses as 39 percent U.S. tariff takes effect

The government instructed departments to submit proposals to reduce the administrative burden on businesses

U.K. inflation climbs to 3.8 percent in July on rising restaurant, hotel, and food prices

Transport costs surged 3.2 percent, driven by a 30.2 percent increase in airfares

U.S. deficit to rise nearly $1 trillion above previous projections, budget watchdog warns

Net interest payments on the national debt are projected to total $14 trillion from 2026 to 2035

S&P affirms U.S. ‘AA+’ credit rating as tariff revenue offsets weaker fiscal outcomes

Broad revenue buoyancy in the U.S., including robust tariff income, will offset any fiscal slippage from tax cuts and spending increases

Japan’s GDP grows 1 percent in Q2 2025 as exports remain resilient against U.S. tariffs

The government lowered its inflation-adjusted growth forecast for the fiscal year to 0.7 percent from 1.2 percent

U.S. consumer prices rise 2.7 percent in July amid September rate cut bets 

Core CPI rose 0.3 percent in July and 3.1 percent from a year earlier, compared with forecasts of 0.3 percent and 3 percent

Australia’s central bank lowers rates by 25 basis points, revising economic growth forecast to 1.7 percent 

RBA cited weaker public demand as key factor in lowering annual economic outlook for 2025 

India holds interest rates steady as U.S. tariffs loom over exports

Economists suggest limited easing opportunities as U.S. tariffs impact India's export landscape

Germany’s cabinet approves 2026 budget with record investment of $146.41 billion

Borrowing is set to soar to €174.3 billion, more than triple the €50.5 billion borrowed in 2024 under the previous government

South Korea’s GDP grows 0.6 percent in Q2 2025 driven by strong private consumption, exports

Private consumption increased 0.5 percent, supported by improving sentiment and a stock market rally

Wales tourism tax approved: What visitors need to know before 2027

Welsh finance secretary Mark Drakeford defended the move, highlighting that tourist levies are common across the globe

U.K.’s GDP falls 0.3 percent in April 2025, biggest monthly drop since October 2023

There was a monthly decrease of 63.5 percent in U.K. residential transactions in April 2025, compared with March 2025

NVIDIA to build world’s first industrial AI cloud in Germany

AI factory will enable Europe’s industrial leaders to accelerate every manufacturing application

China’s consumer price index declines in May 2025 as export growth hits three-month low

CPI edged down 0.1 percent year on year, impacting economic outlook 

Strong Q1 growth reduces urgency for rate cuts in China

Benchmark loan rates unchanged as country faces trade challenges

Eurozone inflation falls to 2.2 percent in March, jobless rate declines

Strengthening calls for additional interest rate cuts from ECB

‘Jollof Wars’ in West Africa: Economic reforms in Nigeria and Ghana are stirring the pot

Significant competition between the two nations is unfolding over economic reforms resulting from political transitions

Hyundai, Trump announce $21 billion investment in U.S. manufacturing by 2028

Hyundai Steel will construct a steel mill in the state of Louisiana, capable of producing 2.7 million tons of steel annually

Eurozone business activity rises to 50.4 in March, highest level in seven months

Germany's manufacturing rebound and easing inflation signal a positive shift in Europe's economic engine

French central bank reports loss of $8.4 billion for 2024

The bank noted that falling ECB deposit rates and reduced bond holdings will help mitigate future losses