Economy
Spring wage negotiations prompt major companies to award highest salary hikes in 30 years
The country's growth rate for 2024 has been revised up to 2.7 percent by research firm
Inflation in Canada declined this year to a three-year low of 2.7 percent in April
Employment remains a challenge with the index contracting for the fifth time in six months
Firms saw an increase in new international business, especially in tourism, which supported employment in May
China's rate of employment growth expanded at the fastest pace since September 2023 in May
GDP growth rate is matching that of the US, but long-term structural problems need to be addressed
Greece retained the top rank despite growth declining to a four-month low
Russia reduced forecasts for additional oil and gas revenues by 767 billion roubles to 1.05 trillion roubles
Until this month, Eurozone inflation had been steadily declining towards the ECB's 2 percent target
The labor market remains an uneven playing field, particularly for women
Luxemburg is the country with the highest GDP per capita PPP of $143,740 in 2024
Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace
Unemployment in the region's labor market to remain stable at 4.2 percent in 2024 and 2025
The CPI excluding volatile items and holiday travel stayed at an annual 4.1 percent
Asia-Pacific and European airlines lead growth in demand
China's economy saw robust 5.3 percent growth in Q1 driven by strong exports
Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April
Despite positive outlook, companies were less satisfied with their current business situation
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
The manufacturing and processing sector grew by 6.3 percent, contributing 5.5 percentage points to the overall increase
This represents an 18.7 percent increase compared to the same period last year
