Overseas Headlines – July 30, 2025

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.

 

https://www.bloomberg.com/news/articles/2025-07-30/us-economy-rebounds-with-3-gdp-growth-after-trade-reversal?srnd=phx-economics-v2

 

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.

 

https://www.bloomberg.com/news/articles/2025-07-30/french-economy-unexpectedly-accelerates-despite-trade-doubts

 

 

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.

 

https://www.bloomberg.com/news/articles/2025-07-29/boj-to-hold-rate-steady-with-likely-upgrade-to-price-view-guide

 

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