Italy’s economic growth slowed to 0.2% in the second quarter of 2024, in line with forecasts. This marks a slight slowdown from the previous quarter’s 0.3% growth. Despite the deceleration, the Italian economy continues to …
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German Economy Shrinks in Q2, Raising Recession Concerns
Germany’s economy unexpectedly contracted in the second quarter of 2023, raising concerns about a potential recession. The country’s gross domestic product (GDP) declined by 0.1% compared to the previous three months, according to preliminary data …
Continue readingOil Prices Stabilize Amid Golan Heights Tensions
Oil prices remained relatively stable on Monday despite heightened tensions in the Middle East following a rocket attack in the Israeli-occupied Golan Heights. While the attack, attributed by Israel to Hezbollah, has raised fears of …
Continue readingChina’s Industrial Profits Surge Despite Economic Slowdown
China’s industrial profits saw a surprising jump in June, rising by 3.6% year-on-year despite the broader economy showing signs of weakness. This follows a modest 0.7% gain in May, suggesting a potential uptick in corporate …
Continue readingG20 Sees Soft Landing for Global Economy, But War Clouds Outlook
G20 finance ministers and central bankers have concluded their meeting in Brazil with a cautiously optimistic outlook on the global economy. While acknowledging the increasing likelihood of a “soft landing,” they warn of significant risks …
Continue readingNorth Korea’s Economy Surges in 2023 After Years of Contraction
North Korea’s economy experienced a sharp rebound in 2023, with GDP expanding by 3.1%, its largest growth since 2016. This surge is attributed to eased COVID-19 restrictions, increased trade with China, and favorable weather conditions. …
Continue readingTokyo CPI Offers Mixed Signals for BOJ Ahead of Policy Meeting
Tokyo’s consumer price index (CPI) data for July presented a mixed bag for the Bank of Japan (BOJ) as it prepares for its policy meeting next week. While core CPI inflation remained at 2.2%, indicating …
Continue readingJapan’s Economy Pauses as Exports Slow Amid China’s Weakness
Japan’s economy continues to recover, but at a slower pace, according to the government’s monthly economic report. While the overall assessment remains unchanged from last month, the government downgraded its view on exports due to …
Continue readingGermany Unveils €20.9 Billion Tax Relief Package to Boost Economy
Germany’s cabinet has approved a substantial tax relief package aimed at stimulating the country’s sluggish economy. The package, part of a wider 2025 budget agreement, will provide €20.9 billion in annual tax relief, up from …
Continue readingBank of Canada Cuts Rates, Signals More Easing Amid Economic Concerns
The Bank of Canada (BoC) has trimmed its key interest rate by 25 basis points for the second consecutive month, bringing it to 4.5%. This decision signals a shift towards a more dovish stance, acknowledging …
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