Economy
Greece, Spain and the Netherlands all registered growth as Germany and Austria marked declines
Core inflation to fall to 5.25 percent in 2024 and 3.43 percent in 2025
Unemployment to steadily increase to 4.7 percent by 2025 as U.K. labor market cools
Germany's seasonally adjusted jobless rate remained steady at 5.9 percent
Economic expansion in Germany, Spain and Ireland propelled eurozone's economic growth
China's manufacturing sector ramped up production levels at the swiftest pace since May 2023
Japan sees notable 9.6 percent rise in motor vehicle production in March
Mega events to propel Hong Kong's economy and tourism sector
The central bank has kept interest rates at 5.25 to 5.50 percent since July 2023
The central bank raised inflation forecast to 4.3-4.8 percent, up from 4-4.5 percent
This data supports the ECB's plan to start cutting eurozone interest rates in June after inflation falls slightly above its 2 percent target
The UAE-Austria non-oil trade volume grew 18 percent YoY, hitting $1 billion in the first nine months of 2023
Recent attempts by Japanese authorities to intervene in currency markets have been ineffective
Decline in government spending contributes to moderation in U.S. economic activity
Economists attributed the sharp decline to the earlier timing of the Easter holidays this year
Non-oil trade between the UAE and Chile amounted to $305.1 million in 2023
The country achieved its most rapid economic growth in more than two years
U.S. labor market supports growth with job gains averaging 276,000 per month in Q1 of 2024
Visa revealed that payment volumes saw an 8 percent increase during the second quarter
3.03 million new urban employment opportunities reflect China's improving economic landscape
IMF projects a GDP growth rate of 3.2 percent for Russia
Tourism boosts country’s economy, but lower exports and consumption weigh on growth
Growth in India remained broad-based in both the manufacturing and services sectors
