GDP

U.S. current account deficit soars to $266.8 billion, reaching two-year high due to import surge

This deficit reached 3.7 percent of GDP, the highest since Q2 2022, up from 3.4 percent in Q1

GDP grows by 0.2 percent in Euro area and EU in Q2 2024, reports Eurostat

This follows a GDP increase of 0.3 percent in both regions during the Q1 2024

Japanese companies achieve record $244 billion in pretax profits during April-June

Capital spending surges 7.4 percent to 11.92 trillion yen in Q2

Switzerland’s industrial production up 7.3 percent on manufacturing and construction

This growth rate represents the largest increase since the first quarter of 2021

Brazil sets out vision to develop creative economy through training, investment and productive inclusion

The guidelines would promote the producer, audiovisual, copyright, and Brazilian handicrafts

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

Key economic data releases and decisions this week: GDP, inflation, PMI and interest rates

This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings

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

China cuts lending rates to boost economic growth following weaker Q2 GDP data

One-year loan prime rate (LPR) declined to 3.35 percent, while the five-year LPR was reduced to 3.85 percent

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

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. Fed could start cutting rates this year but should remain cautious: IMF

IMF urges the U.S. government to reduce its high fiscal deficit and put debt on a downward trajectory

U.K. GDP grows 0.4 percent in May 2024 on greater construction, service output

Service output was the largest contributor to the U.K.'s monthly GDP growth in May 2024

Japan revises Q1 GDP contraction to 2.9 percent from 1.8 percent on data corrections

Japanese companies project inflation to hit 2.3 percent three years from now and 2.2 percent five years later

Australian shares plummet 1.4 percent as inflation surges to 4 percent, stoking rate hike fears

Morgan Stanley analysts expect an August rate hike, which may further weaken domestic trading conditions

Spain’s GDP expands 2.5 percent annually in Q1 2024, exceeding initial estimates

GDP grew by 0.8 percent sequentially, a faster pace than the 0.7 percent growth seen in the fourth quarter of 2023

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

Brazil to be 8th largest economy as it gears up to host COP30 climate conference in 2025, says President

The Brazilian leader also noted that country's GDP grew by 2.5 percent in the last 12 months

Global travel and tourism sector to grow by about $15 trillion over next decade: WTTC

The President of WTTC praised the UAE for their efforts in utilising travel and tourism to promote sustainable development

China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report

This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic