Economics

South Korea records 8th straight month of YoY export growth, reaching $58.1 billion in May

Imports declined 2 percent year-on-year to $53.1 billion, resulting in a trade surplus of $4.96 billion

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

Cash losing ground to digital payment solutions in Latin America: Report

In just two years, debit cards have surpassed cash as the preferred payment option among Spanish-speaking Latin Americans

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

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

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

Profits of China’s major industrial firms rise 4.3 percent to $288.49 billion in first four months of 2024

Data from the National Bureau of Statistics reported that this growth rate was the same as that registered in the first quarter

EU trade in goods surges to $55.5 billion in Q1 2024

The trade balance has shown a surplus for 3 consecutive quarters, after a period of deficit from Q4 2021 to Q2 2023

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

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

Japan posts $3 billion trade deficit in April despite surge in exports

Higher crude oil prices and a sharp drop in the value of the yen boosted the cost of imports, offsetting robust growth in exports

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

Clean tech manufacturing investments reach $200 billion in 2023, up 70 percent: Report

China accounted for three-quarters of the total investments in this field, according to the report

China’s fiscal revenue down 2.7 percent in first four months of 2024, expenditure up 3.5 percent

For April alone, fiscal revenue fell 3.7 percent against a 2.4 percent decline in March

Brazil hikes 2024 GDP projection to 2.5 percent, sees inflation reaching 3.2 percent in 2025

The projected inflation rate for 2024 has been revised upwards to 3.70 percent

U.S. annual inflation slows to 3.4 percent in April, monthly CPI up 0.3 percent

The main drivers of the CPI increase were the rising costs of shelter (up 0.4 percent) and gasoline (up 2.8 percent)

$3.7 billion Saudi investments set to boost North East England’s economy, generate 2,000 jobs: U.K. Official

An Education Task Force will be also established to promote cooperation in higher education

Japan’s current account surplus soars to record high of $162.56 million in fiscal 2023

Goods trade deficit decreased to $22.94 million, down from the previous year's $113.83 million

South Korea’s GDP grows 1.3 percent in Q1 2024 driven by export recovery

The country achieved its most rapid economic growth in more than two years