Australia’s Economic Growth Slows to 0.2% in First Quarter
Australia’s economic growth slowed to 0.2% in Q1 2025, marking a decline from the previous quarter and missing expectations.
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US Trade Deficit Soars to Record Amid Tariff Worries
The US trade deficit surged to an all-time high, leading to an economic contraction for the first time in years.
US Economy Shrinks in Q1 Amid Trade Tensions and Recession Fears
US GDP shrank by 0.3% in Q1 2025, raising concerns over a potential recession as trade tensions and tariff uncertainties impact the economy.
UK Slashes 2025 Growth Forecast Amid Global Uncertainty
Britain halves its 2025 economic growth forecast to 1% from 2%, citing increased global uncertainty, Chancellor Rachel Reeves announces in latest spending update.
President Xi Announces China’s Economy Rebounded with Record Growth
President Xi Jinping announced China’s economy has rebounded in 2024, expecting GDP to surpass 130 trillion yuan, highlighting the nation’s upward economic trajectory in his 2025 New Year address.