Macro
Brazil's Q2 GDP growth slows to 0.6%, central bank index shows
Modest expansion follows 1.4% growth in Q1 as Brazil's economy shows signs of cooling. Central bank data highlights mixed sectoral performance.
Goldman Sachs Forecasts Continued Weakness in China Retail Sales Growth
Goldman Sachs projects that retail sales growth in China will remain subdued moving forward.
U.S. retail sales fall as consumer demand weakens
Monthly retail sales declined 0.6% in August, missing forecasts and signaling broader economic strain. Core sales also dipped, raising recession concerns.
Slovakia’s industry faces de-industrialization risk, central bank warns
National Bank of Slovakia highlights structural challenges threatening the country’s manufacturing sector amid global competition and energy costs.
China bank loans contract in July for second time in 2026
Loan demand weakens as new yuan loans fall to 810 billion yuan, underscoring persistent economic headwinds.
U.S. budget deficit hits $1.8 trillion in first 10 months of fiscal 2024
Deficit widens as spending outpaces revenue, driven by interest costs and defense allocations. Fiscal year ends Sept. 30.
German firms' U.S. investment falls to three-year low
Outbound direct investment from Germany to the U.S. declined sharply in Q2, driven by economic uncertainty and higher financing costs.
U.S. budget deficit widens beyond forecasts in latest data
Shortfall exceeds projections as spending outpaces revenue, raising fiscal concerns amid economic uncertainty.
AI unlikely to trigger mass job losses, study finds
Research suggests AI will disrupt but not devastate labor markets, with productivity gains offsetting displacement risks.
India's net direct tax revenue rises 23% to 8.1 trillion rupees
Fiscal receipts exceed expectations as corporate and income tax collections drive growth in the world's fifth-largest economy.
U.S. auto loan debt hits record $1.6 trillion in Q2
Total outstanding auto loans rose to a new high as higher vehicle prices and longer loan terms offset rising interest rates.
Russia's trade surplus falls to $12.46 billion in June
Monthly surplus declines from May as exports and imports adjust under sanctions and global market shifts.
Philippines President Marcos Proposes $118 Billion Budget for 2027
Philippine President Ferdinand Marcos Jr. has proposed a national budget of $118 billion for the fiscal year 2027.
Switzerland updates sanctions annexes on Iran
The Swiss Federal Department for Economic Affairs, Education and Research has amended annexes 12 and 14 of the 2025 ordinance governing measures against the Islamic Republic of Iran.
Switzerland updates sanctions regime against Sudan
Swiss Federal Department for Economic Affairs, Education and Research has published an amendment to the annex of the 2005 ordinance governing measures against Sudan.
Switzerland updates Taliban sanctions list under SR 946.231.07
The State Secretariat for Economic Affairs (SECO) issued an amendment to Switzerland’s sanctions list of individuals, companies and organisations linked to the Taliban, as required by the March 21 2025 regulation.