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![India’s foreign exchange reserves climb to $674.66 billion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
This figure is just below the previous record high of $674.919 billion
![Olympic Games boost drives France private sector to 52.7 PMI in August, fastest expansion since March 2023](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The reading was expected to remain unchanged at 49.1
![U.S. business activity hits 4-month low on manufacturing output decline, says S&P](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
As the business activity slowed in August, employment fell for the first time in three months
![Japan’s manufacturing activity dips for second straight month in August: PMI](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
In contrast, the country's service sector expanded at a solid pace for the second month in a row
![Federal Reserve’s July meeting: September rate cut is “likely” if data meets expectations](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Central bank officials agreed to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent during the July meeting
![Eurozone inflation climbs to 2.6 percent in July, dampening ECB rate cut hope](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Core inflation, excluding food and energy, held steady at 2.9 percent despite overall inflation rising
![India, Malaysia to settle trade in local currencies under new comprehensive strategic partnership](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Malaysian investments in India reached over $5 billion last year
![Goldman Sachs lowers U.S. recession odds to 20 percent on better economic readings](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The firm added that if the August jobs report was positive, the U.S. recession probability would decline to 15 percent
![Switzerland’s industrial production up 7.3 percent on manufacturing and construction](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This growth rate represents the largest increase since the first quarter of 2021
![Service sector fuels German employment growth, adding 229,000 jobs in Q2 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The total number of employed and self-employed individuals rose to 46.1 million
![Japan’s economy expands 3.1 percent in Q2 2024, raising rate hike bets](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Japan's private consumption, which accounts for over half of the economic output, rose 1 percent in Q2
![U.S. inflation slows to 2.9 percent, lowest in over 3 years](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20680'%3E%3C/svg%3E)
Fed rate cut likely as inflation continues to decline
![Australian wage growth slows to weakest pace in a year as labor market cools](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
RBA sees easing wage pressures, but inflation battle persists
![BoE faces pressure as U.K. inflation nudges higher to 2.2 percent in July on energy cost](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The increase, although expected, was slightly smaller than the 2.3 percent rise anticipated by analysts
![New Zealand slashes key rate for first time in 4 years as inflation nears target](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Central bank suggested at least three more cuts by the middle of next year, projecting the cash rate at 4.9 percent in the fourth quarter of 2024
![Japan’s wholesale inflation surges to 11-month high as weak yen bites](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The corporate goods price index hit a record high of 123.1, marking the eighth straight month of increases
![Singapore’s GDP grows 2.9 percent YoY in Q2 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Ministry attributed GDP growth to the wholesale trade, finance and insurance, and information and communications sectors
![Global youth unemployment hits 15-year low of 13 percent, further decline projected over next 2 years](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
64.9 million young people worldwide were unemployed in 2023
![35 percent odds of a U.S. recession this year, says JP Morgan](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Goldman Sachs raised its probability of the U.S. tipping into a recession by 10 percentage points to 25 percent for the next 12 months
![Inflation heats up in Germany, spikes to 2.3 percent in July amid service sector price hikes and slowing growth](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20685'%3E%3C/svg%3E)
Energy prices fell 1.7 percent YoY, while food prices rose 1.3 percent
![U.S. unemployment claims see biggest 11-month drop, easing recession fears with 233,000 filings](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Government data last week showed the layoffs rate in June was the lowest in more than two years
![Brazil sets out vision to develop creative economy through training, investment and productive inclusion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The guidelines would promote the producer, audiovisual, copyright, and Brazilian handicrafts
![Higher spending at Paris Olympic Games boosts French economy, says Visa](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Travel to Paris by travelers under the age of 35 grew 120 percent annually during the Paris Olympic Games
![China’s foreign trade hits $3.46 trillion in Jan-Jul 2024, defying economic headwinds](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period