Japan’s economy shrinks 0.7% for first time in one year
the Cabinet Office has reported that Japan’s economy flipped back into reverse in the first three months 2025 contracting by 0.7% on an annualized basis adjusted for inflation private consumption which accounts for more than half of Japan’s economic output was flat in the first quarter external demand or net exports shaped 0.8 percentage points of GDP growth the one bright spot was business spending with growth of 1.4% 4% in nonanalyzed terms compared with 0.8% in the last quarter of 2024 when overall GDP expanded a revised to.4% government data released has shown that India’s merchandise trade deficit was it at widest in five months in April as imports of petroleum products jumped limiting impact of an increase in exports to the United States india’s April trade deficit at 26.42 billion rose from 21.54 billion in the previous month exports stood at 38.49 billion in April while imports were 64.91 billion india’s oil imports rose to 20.72 billion gold imports fell to $3.1 billion the trade deficit was the highest since November 2024 additionally exports to the US jumped 27% to 8.42 billion in April vietnamese state media has reported that Vietnam and Thailand upgraded their ties to a comprehensive strategic partnership speaking at a news conference to the Vietnamese prime minister stated that the two countries are determined to reach a target of 25 billion dollars in trade volume as soon as possible in the Mina region the World Bank confirmed that Syria has settled its 15.5 million dollar debt aeras through payments facilitated by Saudi Arabia and Qatar these payments restore Syria’s eligibility for critical development grants after years of financial isolation the clearance allows Syria to potentially access millions in reconstruction and budget support funding subject to standard World Bank approval processes
Japan’s economy shrinks 0.7% for first time in one year
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16/5/2025
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