Malaysia’s industrial production grew at a much slower pace in May 2025 amid deepening contraction in the mining sector and a slowdown in manufacturing activities.
US President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the US would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.
The IMF said on Thursday it was closely monitoring the latest U.S. tariffs announcements, saying uncertainty about the global economic outlook remained high and urged countries to work constructively to facilitate a stable trade environment.
Japan’s June core inflation likely slowed but remained above the central bank’s 2% target, a Reuters poll showed, keeping it under pressure to resume interest rate hikes as U.S. trade tariffs threaten an already fragile economy.
China’s export growth likely edged higher in June, buoyed by exporters rushing to front-load shipments on fears that a fragile trade truce with the United States could unravel and see President Donald Trump reinstate extra tariffs on Chinese goods.
The U.K. economy contracted for the second quarter in a row in May, failing to significantly rebound after the previous month’s sharp contraction, and pressuring the Bank of England to ease monetary policy once more.