Tag: International Markets

Canada’s economy lags as increased trade strains and softening labor market test the economy, prompting more conversation around interest rates cut by the Bank of Canada. Canada’s gross domestic product (GDP) shrank by 0.1% in May, with expectations that it will bounce back in the following months despite continued strain from tariff stress. The biggest hit came from the retail trade sector, part of the larger service-producing industries that contribute up to 75% of total GDP, which contracted 1.2%, per Reuters. 

Argentina’s economy has shown signs of stabilization following a challenging year marked by severe poverty, soaring inflation and significant sociopolitical pressures. Today, the country stands as one of the largest economies in Latin America, with a gross domestic product (GDP) of approximately $640 billion, per the World Bank Group.

India’s economy faces major headwinds as U.S. President Donald Trump imposes penalty for buying Russian goods on top of a 25% tariff. The tariff took effect August 1, after the previous 26% tariff introduced in April was paused following negotiations.

The United Kingdom’s economy shrunk for the second month in May, with gross domestic product falling by 0.1%. While many economists expected the economy to grow in May, the country had a hard time navigating global economic instability.

Poland’s economy remains one of the strongest in the European Union (EU), even as contentious election reveals political tensions within the country. Karol Nawrocki from the conservative party won the June 1 election with 51% of the votes, beating out the left-leaning Rafal Trzaskowski.

Japan’s economy has shown strength and growth so far this year, but the unpredictability of the brewing trade war and the broad-sweeping implications of tariffs from a major trade ally could slow the nation’s growth.

Brazil’s economy has improved significantly in recent years. In 2024, the Gross Domestic Product (GDP) rose by 3.4%, achieving the strongest annual expansion since 2021. The GDP grew by 3.6% in the fourth quarter, coming in just below market expectations. 

Despite the darkening economic outlook, Italy is expecting positive economic news in the coming weeks, according to Italian Economy Minister Giancarlo Giorgetti, as data on public finances will be published in early March.

The Chilean government faces the challenge of balancing growth aspirations with realistic expectations in the new year.