Economics

Brazil reports $7.6 billion trade surplus in July 2024, exports hit record $30.9 billion

This was driven by strong performances in agriculture, extractives, and manufacturing

China’s 20 key tasks aim to revive consumer spending across entertainment, tourism and more

The tasks urged increased credit support for critical areas of service consumption to reinvigorate weak domestic demand

Optimism grows for U.K. markets as Bank of England slashes rates, boosts growth outlook

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

The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023

Bank of Japan surprises with rate hike for second time since 2007, trims bond buying

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

Germany, Eurozone's biggest economy, unexpectedly contracted 0.1 percent in Q2

Ethiopia secures $3.4 billion IMF financing program with $1 billion immediate disbursement

The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring

Malaysia applies to join BRICS, strengthening bilateral relations with Russia

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?

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

Exports reached €19.8 billion ($21.5 billion), mainly due to increased prices of olives and olive oil

EU, Singapore conclude negotiations for landmark Digital Trade Agreement

The agreement aims to build trust, ensure predictability for businesses, and remove barriers to digital trade

Is Japan facing a profound demographic crisis as its population drops by over 500,000 in 2023?

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 fiscal revenue fell 2.8 percent YoY to $1.62 trillion in H1 2024

A breakdown of the data showed that the central government collected around 5 trillion yuan in fiscal revenue

IMF revises up South Korea’s 2024 growth outlook to 2.5 percent, cites stable global expansion

However, the IMF has slightly lowered its 2025 growth forecast to 2.2 percent

China sees surge in foreign tourism with visa-free policies, diverse payment options

14.64 million foreign nationals entered China through various ports during the first six months of the year

South Korea’s car exports surge to new $37 billion high in 2024, driven by hybrid and electric demand

The number of cars exported totaled 1,467,196 units, up 3.2 percent over the same period

China launches its first e-visa in Shanghai

The e-visa, or electronic visa, is the digital version of the traditional paper visa

France’s economy projected to grow 0.9 percent in 2024, 1.3 percent in 2025: IMF

Real GDP grew by 1.1 percent in 2023, supported by net exports, while consumption remained weak

South Korea’s ICT exports rise for eight consecutive month, reach $21.05 billion in June

ICT exports totaled $108.9 billion, the second-highest figure for the period

Pakistan secures new $7 billion loan program from IMF

This agreement, Pakistan's 24th IMF bailout, now awaits approval from the IMF's executive board

U.S. inflation plunges to 3 percent, fueling bets on imminent Fed rate cuts

The BLS data also showed that consumer prices fell by 0.1 percent on a monthly basis

Global wealth poised for continued growth, $83 trillion intergenerational transfer by 2040: Report

In 2023, wealth growth across the world has recovered from its 3 percent contraction the previous year