Economy

U.K. public debt rises to $3.47 trillion in May, highest since 1961

U.K. public debt rises to $3.47 trillion in May, highest since 1961

Borrowing in the U.K. reached 33.5 billion pounds in the first two months of the financial year

Swiss National Bank lowers key interest rate to 1.25 percent in second round of rate cuts

Swiss National Bank lowers key interest rate to 1.25 percent in second round of rate cuts

The SNB now expects inflation to be 1.3 percent in 2024, 1.1 percent in 2025, and 1 percent in 2026.

People’s Bank of China keeps interest rates unchanged in line with expectations

People’s Bank of China keeps interest rates unchanged in line with expectations

The one-year LPR was kept at 3.45 percent, while the five-year LPR was maintained at 3.95 percent

China’s industrial output rises 5.6 percent in May, signaling continued economic expansion

China’s industrial output rises 5.6 percent in May, signaling continued economic expansion

China's retail sales grew 3.7 percent in May, up from 2.3 percent in April

U.K. inflation reaches central bank’s 2 percent target: Will policymakers respond with rate cuts?

U.K. inflation reaches central bank’s 2 percent target: Will policymakers respond with rate cuts?

This marks the lowest annual increase in the consumer price index since mid-2021, in line with analysts' forecasts

Bank of Japan to reduce government bond buying

Bank of Japan to reduce government bond buying

The central bank decided to outline its plan to reduce buying for the next 1-2 years in its July meeting

U.S. producer prices decline 0.2 percent in May

U.S. producer prices decline 0.2 percent in May

Data reveals 4.8 percent decline in energy index and 0.1 percent decline in food prices

ECB shouldn’t rush or delay future interest rate cuts: Bank of France governor

ECB shouldn’t rush or delay future interest rate cuts: Bank of France governor

France central bank governor calls on governments and regulators to boost capital markets union to help close investment gap

Japan’s economy contracts by 1.8 percent in Q1 2024, slightly better than expected

Japan’s economy contracts by 1.8 percent in Q1 2024, slightly better than expected

Nominal GDP increased at an annualized rate of 0.1 percent, slower than the previously reported 0.4 percent

ECB cuts interest rates for the first time since 2019, down to 3.75 percent from 4 percent

ECB cuts interest rates for the first time since 2019, down to 3.75 percent from 4 percent

Eurosystem staff now see headline inflation averaging 2.5 percent in 2024, 2.2 percent in 2025, and 1.9 percent in 2026

Japan’s real wages fall for 25 consecutive months by 0.7 percent in April

Japan’s real wages fall for 25 consecutive months by 0.7 percent in April

Spring wage negotiations prompt major companies to award highest salary hikes in 30 years

South Korea to post trade surplus of $43.4 billion in 2024: Report

South Korea to post trade surplus of $43.4 billion in 2024: Report

The country's growth rate for 2024 has been revised up to 2.7 percent by research firm

Bank of Canada lowers key interest rates to 4.75 percent, marking first cut in four years

Bank of Canada lowers key interest rates to 4.75 percent, marking first cut in four years

Inflation in Canada declined this year to a three-year low of 2.7 percent in April

U.S. services sector expands in May on higher business activity, faster new orders growth: Report

U.S. services sector expands in May on higher business activity, faster new orders growth: Report

Employment remains a challenge with the index contracting for the fifth time in six months

Japan’s service sector remains strong as price inflation eases from 10-year high: PMI

Japan’s service sector remains strong as price inflation eases from 10-year high: PMI

Firms saw an increase in new international business, especially in tourism, which supported employment in May

China’s service economy expands for 17th month on greater new business inflows: PMI

China’s service economy expands for 17th month on greater new business inflows: PMI

China's rate of employment growth expanded at the fastest pace since September 2023 in May

Why the European economy is not fully out of the woods yet

Why the European economy is not fully out of the woods yet

GDP growth rate is matching that of the US, but long-term structural problems need to be addressed

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

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 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

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

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

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

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

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