Economy
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
Manufacturing sector confidence improves, employment accelerates
The country kept one-year LPR at 3.45 percent, five-year LPR at 3.95 percent
Australia's business confidence rises to the joint-highest in 14 months in April
Food prices remained unchanged at 5 percent in March compared to February
Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity
UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
