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![Brazil reports $7.6 billion trade surplus in July 2024, exports hit record $30.9 billion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This was driven by strong performances in agriculture, extractives, and manufacturing
![Growth picks up in U.K. service sector on stronger demand in July: PMI](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Both input costs and output charges rose at historically elevated rates in July, reflecting sluggish progress on inflation
![China’s 20 key tasks aim to revive consumer spending across entertainment, tourism and more](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The tasks urged increased credit support for critical areas of service consumption to reinvigorate weak domestic demand
![U.S. unemployment rate rises to 4.3 percent in July on slower job growth](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Nonfarm payrolls increased by 114,000 jobs last month, significantly below the 215,000 jobs per month added in the last 12 months
![U.S. weekly jobless claims rise to 11-month high spurring labor market concerns](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Initial claims for state unemployment benefits increased by 14,000 to a seasonally adjusted 249,000 for the week ending July 27
![Optimism grows for U.K. markets as Bank of England slashes rates, boosts growth outlook](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The BoE cut rates by 0.25 percent to 5.0 percent, a decision viewed as a close call
![Easing inflation, weaker consumer spending signal two potential Fed rate cuts in 2024: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023
![Eurozone inflation unexpectedly rises to 2.6 percent in July; will ECB cut rates?](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The eurozone's service sector inflation declined to 4 percent from 4.1 percent in June
![China’s July non-manufacturing activity expands: PMI](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The NBS composite PMI in China, which includes manufacturing and services, recorded 50.2 in June
![Bank of Japan surprises with rate hike for second time since 2007, trims bond buying](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The central bank raised its short-term policy rate to levels not seen since 2008, defying market expectations
![Eurozone GDP rises 0.3 percent in Q2 2024, exceeding analyst projections as Germany unexpectedly shrinks](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Germany, Eurozone's biggest economy, unexpectedly contracted 0.1 percent in Q2
![Key economic data releases and decisions this week: GDP, inflation, PMI and interest rates](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings
![Ethiopia secures $3.4 billion IMF financing program with $1 billion immediate disbursement](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring
![U.S. debt reaches record $35 trillion, calls grow louder for responsible fiscal policy](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20749'%3E%3C/svg%3E)
The U.S. eclipsed the $34 trillion threshold in early January 2024
![U.K. retail sales fall again in July despite hopes for improving market conditions: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
U.K. retailers expect the decline in orders to continue next month at a broadly similar pace
![Malaysia applies to join BRICS, strengthening bilateral relations with Russia](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Malaysia's bid to join BRICS was a key agenda item in India's PM's meeting with the Russian Foreign Minister
![Will faster than expected Q2 U.S. economic growth set stage for potential Fed rate cut?](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The solid growth is driven by resilient consumer spending and business investment
![EU agri-food trade surplus reaches $5.43 billion in April 2024, driven by higher prices and increased exports](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20680'%3E%3C/svg%3E)
Exports reached €19.8 billion ($21.5 billion), mainly due to increased prices of olives and olive oil
![New U.K. business growth jumps to 15-month high in July, says PMI](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Job numbers at manufacturing firms were stable in July, ending a 21-month sequence of decline
![Is Japan facing a profound demographic crisis as its population drops by over 500,000 in 2023?](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20768'%3E%3C/svg%3E)
The country’s birth rate hit a record low of 730,000 in 2023, while deaths reached a record high of 1.58 million
![China’s central bank lends at lower rates for second time this week](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Central bank issued $27.5 billion in one-year loans under its medium-term lending facility operation at 2.30 percent
![India to invest $24 billion in job creation over next five years, $131.51 billion on long-term infrastructure projects](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20664'%3E%3C/svg%3E)
"India's economic growth continues to be the shining exception and will remain so in the years ahead," the minister said
![Euro area government debt rises to 88.7 percent of GDP in Q1 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The highest ratio of government debt to GDP in the euro area was in Greece at 159.8 percent
![China cuts lending rates to boost economic growth following weaker Q2 GDP data](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
One-year loan prime rate (LPR) declined to 3.35 percent, while the five-year LPR was reduced to 3.85 percent