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Economy
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
Economy
France secures $6.62 billion in investments from Amazon, Microsoft, Pfizer and AstraZeneca
Microsoft announced an investment of $4.3 billion in the country
Asia
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
Asia
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
Asia
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
Africa
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
Asia
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
Asia
Saudi Arabia, Malaysia discuss trade, economic partnerships in priority sectors
Saudi-Malaysian Business Council launched
Africa
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
Asia
Egypt seeks investment boost from South Korea across key sectors
Egypt to implement incentive packages to attract investments in the industrial sector
Economy
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
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
Asia
Hong Kong’s economy grows 2.7 percent in Q1 2024
Exports see 6.7 percent growth on increased external demand
Economy
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
Economy
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
Economy
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
Economy
Germany’s economy expands 0.2 percent in Q1 2024
Germany's seasonally adjusted jobless rate remained steady at 5.9 percent
Economy
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
Asia
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
Asia
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
Asia
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
Economy
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
Economy
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
Economy
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
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