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Economy

Japan's Exports Surge Past Expectations, But Trump Uncertainty Clouds Horizon

Japan's exports rose more than expected in November, driven by a weaker yen and robust global demand, according to data released Wednesday by the Ministry of Finance, reports Reuters. However, businesses express growing concern that protectionist trade policies under President-elect Donald Trump could undermine future growth. Total exports

Argentina's Economy Shows Signs of Life in Q3

Argentina's economy expanded for the first time in four quarters during the July to September period, signaling a potential turnaround after a prolonged period of contraction, reports Reuters. However, the economy still contracted on a yearly basis. Gross domestic product (GDP) grew by 3.9% in the third

US Manufacturing Growth Stalls in November

Despite the end of a crippling strike at Boeing, the US manufacturing sector showed only a modest rebound in November, according to data released by the Federal Reserve on Tuesday, reports Reuters. Factory output rose by just 0.2% last month, falling short of economist predictions for a 0.5%

Australian Consumer Confidence Takes a Dip as Uncertainty Grows

Australia's consumer confidence dipped in December, reversing some of the gains made earlier in the year, as persistent inflation, elevated interest rates, and global economic uncertainty continue to weigh on household sentiment, reports Bloomberg. The Westpac Banking Corp. consumer sentiment index fell 2% to 92.8 points in

China Plans Record Budget Deficit in 2025 to Counter US Tariff Threat

China will run a budget deficit of 4% of its gross domestic product (GDP) in 2025, the highest on record, as the country prepares to counter the impact of potential tariffs from the United States, report two sources with knowledge of the matter to Reuters. The new deficit target, which

Asian Currency Index Plunges to Two-Year Low Amidst China Woes and Trump Uncertainty

An index tracking Asian currencies has slumped to its lowest point in over two years, driven by a confluence of factors including pessimism surrounding China's economic trajectory and speculation that a Trump administration will bolster the US dollar, reports Bloomberg. The Bloomberg Asia Dollar Index edged down to

Record Trade Deficit Pushes Rupee to New Low

The Indian rupee is poised to hit an all-time low on Tuesday, as a record-breaking trade deficit adds to existing pressures on the currency, reports Reuters. The one-month non-deliverable forward indicates the rupee will open at 84.88-84.90 to the US dollar, exceeding the previous all-time low of 84.

Nigerian Inflation Hits 28-Year High as Transport Costs Surge

Nigeria's inflation rate has climbed to a more than 28-year high, exceeding expectations and prompting forecasts that the central bank will extend its tightening monetary policy into next year, reports Bloomberg. Consumer prices surged to 34.6% in November, surpassing the previous month's 33.9%, according

Canadian Housing Starts Surge Beyond Expectations in November

Canadian housing starts rose a significant 8% in November, exceeding market forecasts and driven by a surge in multi-unit construction in several provinces, reports Reuters. This marks a substantial increase from the upwardly revised October figure of 242,207 units. The seasonally adjusted annualized rate of housing starts reached 262,

Germany Ends 2024 in Contraction, Manufacturing Plummets

Germany's private sector ended 2024 in contraction for the sixth consecutive month, although the rate of decline slowed slightly due to a modest rebound in services activity, according to the latest HCOB Flash PMI survey data from S&P Global. Manufacturing, however, remained deeply in recession, experiencing