Bank of Canada Cuts Key Interest Rate to 4.75%Economy

Bank of Canada Cuts Key Interest Rate to 4.75%

Quick Look: Interest Rate Cut: The Bank of Canada reduced the overnight interest rate by 25 basis points to 4.75%…

Nigeria’s Inflation Reaches 33.95%, 28-Year HighEconomy

Nigeria’s Inflation Reaches 33.95%, 28-Year High

Key Points: Inflation in Nigeria hit 33.95% in May 2024, the highest in 28 years. Food prices soared, reaching 40.66%…

World Bank Approves N2.25B for Nigerian EconomyEconomy

World Bank Approves N2.25B for Nigerian Economy

Key Points: Financial Package Approval: The World Bank approved N2.25 billion for the Nigerian economy to support reforms and assist…

UK Economy Flat in April, 0.7% Quarterly GrowthEconomy

UK Economy Flat in April, 0.7% Quarterly Growth

Key Points: UK growth was stagnant in April; three-month growth at +0.7%. Construction down 1.4%, production down 0.9%, services up…

Japanese Economy Shrinks by 1.8% in Q1 2024Economy

Japanese Economy Shrinks by 1.8% in Q1 2024

Key Points: The Japanese economy shrank by 1.8% annualised, slightly better than the initial -2.0% estimate. Declined by 0.4%, impacted…

Chinese Export Up 7.6% in May, Exceeding PredictionEconomy

Chinese Export Up 7.6% in May, Exceeding Prediction

Key Points: Chinese Export Surge: China’s May 2024 exports grew by 7.6%, surpassing the 5.7% forecast, driven by a strategic…

Australian Economy: Annual GDP Growth Drops to 1.1%Economy

Australian Economy: Annual GDP Growth Drops to 1.1%

Key Points: Australian Economy Growth: Australia’s GDP grew 0.1% quarterly and 1.1% annually, below forecasts. Inflation: Consumer price inflation at…

Indian Economy Exceeds Forecast with 7.8% GrowthEconomy

Indian Economy Exceeds Forecast with 7.8% Growth

Key Points Indian Economy Growth: January-March growth hit 7.8%, driven by manufacturing, surpassing the 6.7% forecast. PMI Data: PMI dropped…

US Economy: GDP Growth Slows to 1.3% in Q1 2024Economy

US Economy: GDP Growth Slows to 1.3% in Q1 2024

Key Points: US economy: Q1 2024 GDP growth slowed to 1.3%, down from 3.4% in Q4 2023. Consumer Spending Decline:…

Chinese Economy: IMF Adjusts Growth Rate to 5%Economy

Chinese Economy: IMF Adjusts Growth Rate to 5%

Key Points Chinese economy: IMF growth Projection revised to 5% for 2024, up from 4.6%, reflecting a strong first quarter.…