Economy

Eurozone manufacturing production declines at slowest extent in over a year, says PMI

Greece retained the top rank despite growth declining to a four-month low

Russia raises 2024 budget deficit estimate to $23.76 billion at 1.1 percent of GDP

Russia reduced forecasts for additional oil and gas revenues by 767 billion roubles to 1.05 trillion roubles

Eurozone inflation hits 2.6 percent in May, services inflation reaches 7-month high of 4.1 percent

Until this month, Eurozone inflation had been steadily declining towards the ECB's 2 percent target

Global unemployment to dip to 4.9 percent in 2024, but challenges remain: Report

The labor market remains an uneven playing field, particularly for women

Top 15 richest countries in the world by GDP per capita PPP

Luxemburg is the country with the highest GDP per capita PPP of $143,740 in 2024

U.S. economic growth in Q1 revised down to 1.3 percent, but consumer spending stays strong

Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace

Asia-Pacific labor markets recover, 87.8 million people out of work: Report

Unemployment in the region's labor market to remain stable at 4.2 percent in 2024 and 2025

Australia’s inflation hits five-month high in April at 3.6 percent annually with 4.1 percent core rate

The CPI excluding volatile items and holiday travel stayed at an annual 4.1 percent

Global air cargo demand surges 11.1 percent in April: IATA report

Asia-Pacific and European airlines lead growth in demand

IMF revises China’s 2024 growth projection to 5 percent amid robust Q1, policy interventions

China's economy saw robust 5.3 percent growth in Q1 driven by strong exports

U.S. consumer confidence index climbs to 102.0 in May, but inflation concerns linger

Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April

Germany’s business sentiment stagnates in May amid manufacturing, trade recovery

Despite positive outlook, companies were less satisfied with their current business situation

Use quantitative easing carefully, urges ECB official

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

Vietnam’s YoY industrial production up 6 percent in Q1 2024

The manufacturing and processing sector grew by 6.3 percent, contributing 5.5 percentage points to the overall increase

China’s outbound direct investment surges to $47.41 billion in first 4 months of 2024

This represents an 18.7 percent increase compared to the same period last year

Eurozone economic recovery gathers pace, business confidence at 27-month high: PMI

Eurozone to likely grow at a rate of 0.3 percent during the second quarter

Russia’s foreign exchange reserves surge to $603.7 billion in May 2024

The country's foreign exchange reserves rose by $5.3 billion, or 0.9 percent, from May 10 to May 17

UAE announces plan to invest $10 billion in Pakistan

In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan

Growth is top business priority for 62 percent of CEOs in 2024: Survey

34 percent of CEOs identify AI as the top theme for business tranformation

Peru exits IMF’s flexible credit line arrangement

The country has maintained robust foreign exchange reserves, low public debt and a prudent fiscal position

New Zealand Central Bank keeps cash rate unchanged at 5.5 percent, signals further policy tightening ahead

Consumer price inflation came in higher than expected at 4.0 percent in the first quarter of the year

U.K. headline inflation falls to 2.3 percent in April, but core and services prices remain elevated

Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast