Economy

‘Choose France’ summit attracts $16.2 billion in investments, a record high

Spain's FertigHy pledges a 1.3 billion euro investment in a low-emission plant in northern France

China’s consumer prices rise 0.3 percent in April, producer prices decline 2.5 percent

Decline in manufacturing and services activity raises recovery concerns

Japan’s current account surplus soars to record high of $162.56 million in fiscal 2023

Goods trade deficit decreased to $22.94 million, down from the previous year's $113.83 million

South Korea’s fiscal deficit hits record high of $55.07 billion in Q1 2024

This was primarily attributed to increased expenditures aimed at strengthening the ongoing economic recovery

IMF maintains Nigeria growth forecast at 3.3 percent in 2024, inflation to decline to 24 percent

Potential shocks to agriculture, global food prices and oil production remain a risk to Nigeria's growth

Hanoi attracts over $1.1 billion in FDI in first four months of 2024

In April alone, 20 new FDI projects in Hanoi attracted $103.9 million

Kenya’s private sector business conditions stabilize in April as price pressures mostly ease: PMI

Kenya's private sector 12-month outlook rebounds as business confidence strengthens

Egypt seeks investment boost from South Korea across key sectors

Egypt to implement incentive packages to attract investments in the industrial sector

U.K. public sector productivity declines 2.3 percent in Q4 2023

Economists caution that the poor performance of the NHS is exerting negative repercussions on the broader economy

U.S. labor market remains tight, productivity marginally grows 0.3 percent in Q1

28 percent monthly decline in layoffs bodes well for U.S. labor market

Hong Kong’s economy grows 2.7 percent in Q1 2024

Exports see 6.7 percent growth on increased external demand

Eurozone’s manufacturing downturn continues to cool in April, says PMI

Greece, Spain and the Netherlands all registered growth as Germany and Austria marked declines

OECD upgrades global economic growth forecasts to 3.1 percent in 2024

Core inflation to fall to 5.25 percent in 2024 and 3.43 percent in 2025

U.K.’s GDP growth to remain sluggish at 0.4 percent in 2024: OECD

Unemployment to steadily increase to 4.7 percent by 2025 as U.K. labor market cools

Germany’s economy expands 0.2 percent in Q1 2024

Germany's seasonally adjusted jobless rate remained steady at 5.9 percent

Eurozone economy expands 0.3 percent in Q1 2024, inflation to remain stable at 2.4 percent

Economic expansion in Germany, Spain and Ireland propelled eurozone's economic growth

China’s manufacturing activity expands at fastest pace in 14 months in April: PMI data

China's manufacturing sector ramped up production levels at the swiftest pace since May 2023

Japan’s industrial production grows 3.8 percent in March on vehicle production surge

Japan sees notable 9.6 percent rise in motor vehicle production in March

Hong Kong’s GDP likely to grow 2.5-3.5 percent in Q1 of 2024

Mega events to propel Hong Kong's economy and tourism sector

U.S. inflation rises to 2.7 percent in March, Fed likely to hold rates next week

The central bank has kept interest rates at 5.25 to 5.50 percent since July 2023

Russia’s central bank maintains 16 percent interest rate, raises inflation forecast

The central bank raised inflation forecast to 4.3-4.8 percent, up from 4-4.5 percent

Eurozone lending stagnates in March, ECB rate stance deters borrowers, lenders

This data supports the ECB's plan to start cutting eurozone interest rates in June after inflation falls slightly above its 2 percent target