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Service output was the largest contributor to the U.K.'s monthly GDP growth in May 2024
BOJ faces pressure to hike rates on its upcoming meeting
Reducing policy restraint too late or too little could unduly weaken economic activity and employment, Powell stated
Higher inflation helps lower the value of outstanding debt and pushes down Japan's debt-to-GDP ratio
22 percent of businesses planned to increase compensation in the next three months
Japan's nominal wages rose 1.9 percent to $1,850, marking the highest year-on-year increase in 11 months
5.91 million foreign workers are expected to be employed in Japan by 2040
Trade impacted the U.S. GDP in the first quarter, restricting the economy to a 1.4 percent annual growth rate
Unemployment among young persons in the eurozone reached 14.2 percent in May
Tight supply lines, higher import costs and freight issues also contributed to higher purchase prices
Inflation in Europe's largest economy had already slackened to 2.3 percent in March, its lowest level since June 2021
The platform will likely go live by 2026
Japanese companies project inflation to hit 2.3 percent three years from now and 2.2 percent five years later
Vietnam's finance ministry has also reduced various fees and charges by up to 50 percent until year-end to support businesses
Unemployment in Germany rose to 2.727 million individuals in June, a monthly increase of 4,000
Morgan Stanley analysts expect an August rate hike, which may further weaken domestic trading conditions
The annual inflation rate accelerated to 2.9 percent in May from 2.7 percent in April
GDP grew by 0.8 percent sequentially, a faster pace than the 0.7 percent growth seen in the fourth quarter of 2023
While the ECB must ensure inflation returns to 2 percent, it shouldn’t overly dampen economic activity with interest rate cuts
The manufacturing sector attracted 28.4 percent, or 117.1 billion yuan, of the total FDI inflow
Japanese yen has neared the 160 mark against the U.S. dollar, a level unseen in decades
The Dominican Republic leads Latin America in GDP growth, with an average annual rate of around 5 percent per year since the 1970s
During the first five months of the year, tax revenues declined 5.1 percent annually to 8.0462 trillion yuan
After hitting a 27-month high in May, business confidence across the eurozone declined in June
