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Vietnam Posts Record 9.95% Q3 Growth, Sets 12.5% Q4 Target
economy5 days ago

Vietnam Posts Record 9.95% Q3 Growth, Sets 12.5% Q4 Target

Vietnam’s economy expanded by 9.95% in the third quarter of 2026, marking the fastest growth rate in four years and accelerating from the revised 8.81% figure for the second quarter. This performance pushed the first nine months of 2026 to a 9.01% cumulative growth rate, the highest level in 15 years. The surge was driven by strong industrial and construction output, with the Index of Industrial Production rising by 12.1-12.2% year-on-year. To achieve double-digit annual growth, Prime Minister Le Minh Hung has set a demanding target of over 12.5% growth for the fourth quarter, urging ministries and localities to remove bottlenecks and maximize growth potential. Key drivers include a 76.4% increase in registered foreign direct investment, a trade surplus in September, and robust private investment, while the government emphasizes price stability and infrastructure development to sustain momentum into 2027.

via Nikkei Asia|
#economic-growth#economy#fdi
August PCE data cools inflation fears, delaying expected Fed rate hike
economy9 days ago

August PCE data cools inflation fears, delaying expected Fed rate hike

August personal consumption expenditures (PCE) inflation came in below expectations at 3.4% year-over-year, with core inflation at 3.0%. This cooler reading reduced the likelihood of a Federal Reserve rate hike in October, pushing expectations to December. Simultaneously, second-quarter GDP was revised upward to 2.2%, indicating strong economic growth despite persistent price pressures.

via AP News|
#economy#federal-reserve#gdp
US Q2 Growth Revisions to 2.2% Amid AI Boom and Mixed Inflation Signals
economy9 days ago

US Q2 Growth Revisions to 2.2% Amid AI Boom and Mixed Inflation Signals

The US economy expanded by 2.2% in the second quarter, a significant upward revision from the preliminary 1.5% estimate. This growth was driven by robust consumer spending and a surge in AI-related investment. While inflation cooled slightly, core PCE rose 0.2% in August, remaining above the Federal Reserve's 2% target. Analysts describe the data as mixed, with strong growth offsetting persistent price pressures.

via AP News|
#ai-investment#consumer-spending#economy
Methodology revisions and energy shocks shape August PCE inflation report
economy9 days ago

Methodology revisions and energy shocks shape August PCE inflation report

The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, rose 3.4% year-over-year in August, with core inflation at 3.0%, both below analyst expectations. This cooling was partly driven by methodological revisions from the Bureau of Economic Analysis, which lowered prior months' figures. Despite the lower headline numbers, energy prices surged due to the war in Iran, and consumer spending remained strong. The Federal Reserve is now expected to hold rates in October, with a potential hike delayed until December.

via CNBC|
#economy#federal-reserve#gdp
Russia's wartime economy tightens as polls open
world21 days ago

Russia's wartime economy tightens as polls open

As Russia heads into a parliamentary election amid the Ukraine war, the wartime economy is under pressure: the budget deficit widens and reserve funds shrink while borrowing costs rise, even as oil revenues provide some support; consumer sentiment declines and growth slows, but unemployment remains low and defense spending sustains poorer regions, signaling fragile stability rather than a lasting economic strength.

via The Independent|
#gdp#kremlin#putin
Australia’s GDP beats expectations, signaling room for another RBA tighten
economy1 month ago

Australia’s GDP beats expectations, signaling room for another RBA tighten

Australia posted a 2.1% year‑on‑year GDP rise in Q2 and 0.4% quarter‑on‑quarter, topping forecasts of 1.8% and 0.3%. Growth was driven by private demand and mining exports, while households remained cautious. The stronger print gives the Reserve Bank of Australia more room to tighten as July inflation came in at 3.5%, with officials expecting inflation to gradually ease toward the 2–3% target by late 2027.

via CNBC|
#australia#economy#gdp
Putin estimates Ukraine strikes cost Russia about 1% of GDP
world1 month ago

Putin estimates Ukraine strikes cost Russia about 1% of GDP

Putin said Ukraine’s 40-day campaign of strikes caused damage amounting to roughly 1% of Russia’s GDP, citing about 100 Russian ships damaged, significant refinery repair impacts, and a hit to Black Sea ports and grain exports; Zelensky threatened to close Russian airspace to commercial flights with drones, and Putin said Russia would respond if that move occurs.

via Yahoo Finance|
#black-sea#drone-attacks#gdp
Inflation sticks around as Growth Outlook Brightens for Q3
budget-tax-and-economy1 month ago

Inflation sticks around as Growth Outlook Brightens for Q3

U.S. inflation remained above the Fed’s 2% target in July, with the PCE price index up 3.7% year over year and core PCE at 3.3%, while spending cooled modestly and incomes rose faster than prices. BEA data showed durable goods orders rebound and corporate profits surge, and second-quarter GDP growth was left at 1.5% but with consumption revised up to 3.4% and private sales strengthening to 4.2%, signaling stronger private demand and a possible ~3% pace for Q3. The mixed signals keep the Fed focused on inflation, with markets pricing about a 40% chance of a rate hike in September as tariffs and geopolitical tensions continue to influence price pressures ahead of Jackson Hole.

via Yahoo Finance|
#budget-tax-and-economy#fed#gdp
Taiwan approves record defense budget to deter China in 2027
military-and-defense1 month ago

Taiwan approves record defense budget to deter China in 2027

Taiwan's cabinet approved a record NT$1.12 trillion ($35.1 billion) defense budget for 2027, totaling about 3.01% of GDP and funded from central and special budgets; the plan, which includes NT$10,000 cash handouts to residents, reflects Lai Ching-te's push to boost military spending toward a 3% GDP target, though it still requires passage by a legislature amid ongoing elections.

via Yahoo Finance|
#china#defense-budget#gdp
Tariff Refund Windfall Accelerates Profits and U.S. Growth to 4.3%
economy1 month ago

Tariff Refund Windfall Accelerates Profits and U.S. Growth to 4.3%

Tariff refunds returned by the Trump administration to U.S. businesses have boosted corporate earnings (with beneficiaries like Apple, Nike, FedEx, Amazon, and GM) and are expected to add about 0.2 percentage point to third‑quarter GDP, helping growth run near 4.3%. The refunds come as AI spending, reshoring, and tax policy support the economy, and a surprisingly soft July jobs report is viewed as a seasonal quirk rather than a momentum loss. Companies are reallocating or returning the money—promotions, capital investment, or shareholder payouts—while retailers and policymakers watch how broadly the windfall affects growth and inflation.

via Fortune|
#corporate-profits#earnings#economic-tailwinds