July 30, 2025
United States:
US Economy Rebounds With 3% GDP Growth After Trade Reversal
US economic activity rebounded in the second quarter on a modest pickup in consumer spending and a marked drop in imports after a scramble to secure foreign goods earlier in the year.
Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased an annualized 3% after shrinking at a 0.5% rate in the previous period, according to preliminary government data out Wednesday.
Europe:
Euro Area Sustains Modest Growth as Trade Hangs Over Economy
The euro-area economy unexpectedly eked outgrowth in the second quarter, benefiting from better-than-predicted performances in France and Spain.
Gross domestic product increased 0.1%, according to data released on Wednesday.
Asia:
BOJ to Hold Rate Steady With Likely Upgrade to Price View
The Bank of Japan is expected to keep its benchmark interest rate steady and boost its inflation outlook Thursday, as investors look for hints of another rate hike this year after a US-Japan trade deal reduced some uncertainty.
All 56 economists forecast Governor Kazuo Ueda’s board will leave the central bank’s interest rate unchanged at 0.5% at the end of a two-day policy meeting, according to a Bloomberg survey this month.
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