Economy
Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace
Unemployment in the region's labor market to remain stable at 4.2 percent in 2024 and 2025
The CPI excluding volatile items and holiday travel stayed at an annual 4.1 percent
Asia-Pacific and European airlines lead growth in demand
China's economy saw robust 5.3 percent growth in Q1 driven by strong exports
Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April
Despite positive outlook, companies were less satisfied with their current business situation
ECB officials recently agreed a new framework for how to run policy in the future
Korea, Japan, China hold trilateral summit, issue joint statement for collaboration in 6 key sectors
Countries agreed to support discussions to speed up negotiations for a trilateral free-trade agreement
The manufacturing and processing sector grew by 6.3 percent, contributing 5.5 percentage points to the overall increase
This represents an 18.7 percent increase compared to the same period last year
Yen weakness fuels speculation of early BoJ rate hike
Eurozone to likely grow at a rate of 0.3 percent during the second quarter
The country's foreign exchange reserves rose by $5.3 billion, or 0.9 percent, from May 10 to May 17
In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan
34 percent of CEOs identify AI as the top theme for business tranformation
The country has maintained robust foreign exchange reserves, low public debt and a prudent fiscal position
Consumer price inflation came in higher than expected at 4.0 percent in the first quarter of the year
Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast
Italy's economic activity expanded 0.9 percent in 2023 and 0.6 percent in Q1 of 2024
Motor vehicle and parts output saw a 2 percent decline last month after increasing 2.8 percent in March
The projected inflation rate for 2024 has been revised upwards to 3.70 percent
Africa's transformation is crucial for the continent to catch up with other regions globally
