Eurozone Negotiated Wage Growth Slowed to 3.6% in 2Q, ECB Says
Eurozone negotiated wage growth slowed to 3.6% in 2Q, ECB says The Eurozone's negotiated wage growth decelerated to 3.6% in Q2 2024, according to data released by the European Central Bank (ECB).
China's July Exports Climbed 7%, Lightly Missing Forecasts, but Imports Grew a Robust 7.2 Percent
China's exports climbed 7.0% in July from a year earlier, a slower pace of growth than in June and missing expectations, but imports rose 7.2%, customs data showed on Wednesday, August 7.
China’s Third Plenum Vows Support for Private Sector, Stable Climate for Foreign Firms
Better protection for private sector rights was among hundreds of reform goals laid out by China’s ruling Communist Party following a key, long-awaited policy meeting.
Japan To Revise GDP Figures Amid Concerns Of Economic Contraction
The upcoming revision stems from updated construction orders data, with analysts predicting a 2.7% annualized contraction, up from the current 1.8%.
Re-Election Modi Runs India on a Fast-Growth Trajectory
Prime Minister Narendra Modi has won the Indian elections but lost his absolute majority: his BJP party has won 240 seats on 543 in the Indian parliament, but this time failed to obtain the majority, which could weaken his policymaking.
Japan's Economy Skids, Clouding BoJ's Rate Hike Plans
Japan's economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing a fresh challenge to the central bank's push to get interest rates further away from near zero.
The Presidents of France and Brazil Meet and Announce a $1.1 Billion Investment Plan for the Amazon
The Brazilian and the French presidents on Tuesday announced a plan to invest 1 billion euros ($1.1 billion) in the Amazon, including parts of the rainforest in neighboring French Guiana.
China Central Bank Buying Set Stage for Gold's Rally
Gold has been trading for months around the $2,000 mark — a level that would have been viewed as stratospheric just a few years ago, and which was only breached for the first time in 2020.
Japan's Inflation Beats Forecasts, end of Negative Rates in Sight
Japan's core consumer inflation slowed for a third straight month in January but beat forecasts and held at the central bank's 2% target, keeping alive expectations it will end negative interest rates by April.
UK GDP Falls 0.3% in Q4
The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday February 15.
Lagarde Says It’s Likely ECB Will Cut Rates in Summer
The European Central Bank is likely to cut interest rates in the summer, according to President Christine Lagarde.
IMF to Release $4.7bn to Argentina as Javier Milei Pursues Austerity
According to FT, the IMF has agreed to transmit $4.7Bn to Argentina despite the country’s failure to meet the terms of its $43Bn loan in recent months, offering a crucial lifeline to new libertarian President Javier Milei as he pursues ambitious reforms.
Singapore’s Core Inflation Eased Down to 3.2 Percent in November
Singapore’s core inflation dipped to 3.2% YoY in November, official data showed on Tuesday, Dec 26.
China Real Estate Crisis Threatens Goal of Doubling Country’s GDP
If the Chinese real estate bubble bursts and triggers a financial crisis, the nation's economic growth will be stuck at around 1%