New economic data contradicts Trump's claims on trade deficit and economic growth.
economists
Trump's nominee for Fed chairman, Kevin Warsh, signals continuity in monetary policy, unlikely to please Trump.
Markets closely watch Kevin Warsh's first FOMC meeting as Federal Reserve Chair for interest rate clues.
China's retail sales declined 0.6% in May, marking the first drop since COVID lockdowns ended, revealing a K-shaped economy with weak domestic demand despite strong exports amid faltering consumer confidence.
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The Bank of Japan faces mounting pressure to accelerate rate hikes as the weak yen, trading near 160 per dollar, and strong U.S. jobs data widen the monetary policy divergence, with markets pricing in a 93% probability of a June rate increase to 1%.
The Bank of Canada is urged to prioritize unemployment over inflation as the labor market shows fragility.
The Reserve Bank of India adopts a cautious approach, revising inflation projections upward and growth forecasts downward.
RBI keeps repo rate steady at 5.25%, reduces GDP growth projection for FY27
Pakistan's banking system faces liquidity pressures despite reserve money growth.
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The Trump administration overstated tariff refunds by over $10 billion due to an error.
Inflation rises, but the Fed's core gauges remain stable, delaying rate hikes.
Pakistan's economy shows mixed signals with improving industrial activity and reserves, but rising inflation and debt.
Economists warn that South Africa's inflation spike may reduce household spending.
The Next Economy Forum 2026 returns to the House of Lords in the UK Parliament.
Iran's economy has been severely damaged after three months of war with estimated $270 billion in losses.
The Bank of England holds interest rates at 3.75% amid persistent inflation pressures.
Retail sales rose 0.9% in May due to improved weather and lower gasoline prices.
The State Bank of Pakistan maintains its policy rate at 11.5% amid inflation concerns and global uncertainty.
The European Central Bank raises its benchmark interest rate to 2.25 percent to tame inflation.
Indonesia's economy faces shrinkflation, with smaller food portions and weaker currency contradicting the government's strong fundamentals claim.
India's economy expanded 7.7 percent in FY2025-26, maintaining its position as the world's fastest-growing major economy, driven by strong domestic demand, private investment, and construction sector growth amid global uncertainty.
India eliminated capital gains and foreign institutional investor taxes on government bonds to attract greater foreign investment inflows, strengthening its global financial position and improving debt market competitiveness amid international economic competition.
Trump questions market drop despite strong US employment data release.
New graduates face a gloomy economic future with reduced earnings and job opportunities due to the hiring downturn and artificial intelligence.
Economists and political scientists examine how artificial intelligence intersects with regulation, military power, and political identity, identifying key trade-offs in property rights allocation, regulatory regimes, and AI's influence on polarization and national identity formation.
Trump Trade Chief Stokes Debate With Economists Who Warn About Tariffs
Inflation slows to 4.2% in April, but economists warn of potential interest rate hikes later this year.
The US-Iran conflict has driven crude oil prices above $100 per barrel, triggering significant economic pressure on India through rupee depreciation, stock market declines, rising fuel costs, and forex reserve depletion, threatening the nation's external sector stability.
The European Commission halved Germany's 2026 growth forecast to 0.6 percent from 1.2 percent, citing U.S. tariffs, elevated energy prices, and geopolitical uncertainty pressuring Europe's largest economy amid weak exports and subdued investment.
Japan Exports Rise 14.8% Year/year in April
Indonesia's Prabowo tightens state control on palm oil and coal exports to combat revenue loss.
Trump accuses Exxon, Chevron, Shell, and BP of price gouging, orders a DOJ probe into oil majors over high gas prices.
The Philippines raised its interest rate to 4.75% to tackle inflation risks and keep prices under control.
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Trump announced a completed Iran peace deal with signing set for June 19 in Switzerland, immediately triggering market reactions in oil, gold, and Bitcoin as geopolitical risk premiums declined amid reduced military tensions.
Scientists confirmed El Nino's development in the Pacific Ocean, warning it could trigger the hottest year on record by intensifying global temperatures and extreme weather, potentially rivaling the historic 1997 event.
The Bank of Canada is expected to hold its interest rate steady due to persistent inflation and slowing growth.
A US federal court ruled the Trump administration's $100,000 H-1B visa fee unlawful, restoring prior fees of two to five thousand dollars and easing hiring costs for employers seeking skilled foreign workers in technology and engineering sectors.
The rupee declined to 95.31 as the RBI's stabilization efforts faced headwinds from US dollar strength following robust American employment data, while India's tax incentives for foreign investors in government securities aim to attract fifty billion dollars despite global macro pressures.
Bangladesh's record budget faces a test of delivery and implementation challenges.
Malaysia urged ASEAN members to strengthen intra-regional trade, currently just 22 percent of total bloc commerce, to reduce vulnerability to global geopolitical shocks from Ukraine and Middle East conflicts threatening supply chains and economic growth.
The Iran conflict initiated by Trump cost U.S. households approximately $100 billion since February, averaging $750 per household, as oil prices surged 35 percent following Strait of Hormuz closure, raising gas prices nationwide.
Poland's May inflation rate was 3.1%, easing pressure on the central bank to raise interest rates.
Labour must launch a "system reset" to tackle soaring youth unemployment, says a report.
US jobless claims fell to 209,000 as lay-offs remain low despite economic uncertainty.
The Office for National Statistics revealed that 246,000 British nationals left the UK in 2025 as net migration halved to 171,000, with revised methodology uncovering previously underestimated emigration figures amid tightened immigration policies.
Second fuel price hike in four days draws opposition fire
