U.S. consumer prices likely increased moderately in May amid relatively cheaper gasoline, but the Trump administration's import tariffs probably started filtering through to other goods, potentially raising underlying inflation pressures.
The World Bank on Tuesday slashed its global growth forecast for 2025 by four-tenths of a percentage point to 2.3%, saying that higher tariffs and heightened uncertainty posed a "significant headwind" for nearly all economies.
Tire maker Michelin will close a plant in the state of Queretaro in central Mexico by the end of this year, the company announced on Monday.
Myanmar aims to export 350,000 to 380,000 tonnes of rubber in the 2025-2026 fiscal year (April 2025-March 2026), an official from the Myanmar Rubber Planters and Producers Association told Xinhua on Sunday (June 8).
Persistent deflationary pressures in China’s economy could prompt further monetary easing by the People’s Bank of China (PBOC) later this year, according to ING economists.
China's export growth slowed to a three-month low in May as U.S. tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world's second-largest economy on both the domestic and external fronts.