Japan Falls to Fourth-Largest Economy Amid Unexpected Recession
Economy
Sharp Decline in January US Retail Sales Signals Economic Caution
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UK Economy Enters Recession, Challenging Sunak's Growth Pledge
"The United Kingdom's economy has officially entered a recession, marking a significant downturn and the weakest annual growth since the aftermath of the 2008 financial crisis, excluding the pandemic-impacted year of 2020. -
January Sees Unexpected Rise in Consumer Prices, Challenging Fed's Inflation Outlook
"consumer prices in January witnessed a rise that exceeded expectations, primarily driven by persistent increases in shelter costs.
The Latest
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U.S. Retail Sales Surge 1.4% as Auto Buyers Rush to Beat Trump’s 25% Car Tariffs
Retail sales in the United States jumped 1.4% in March, the largest monthly gain since January 2023, as consumers rushed to purchase cars and other big-ticket items ahead of President Donald Trump's sweeping tariff increases. The Commerce Department said Wednesday the surge was led by a 5.3% rise in spending on vehicles and auto parts, outpacing broader retail activity. 
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India’s Trade Deficit with China Hits Record $99.2 Billion as Imports Surge 11.5%
India's merchandise trade deficit with China soared to a record $99.2 billion in the fiscal year ending March 2025, driven by a surge in electronics, batteries, and industrial inputs, despite government rhetoric aimed at curbing Chinese imports and improving self-reliance. 
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China’s Q1 GDP Grows 5.4% as Export Surge Preempts Tariff Shock, But Outlook Darkens
China's economy expanded 5.4% in the first quarter of 2025, beating analysts' expectations and bolstered by a sharp uptick in exports as manufacturers rushed to ship goods ahead of U.S. tariff increases. However, economists warn that the world's second-largest economy is on the verge of a significant slowdown as the impact of up to 145% tariffs on Chinese goods takes hold. 
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China’s Exports Surge 12.4% in March as U.S. Tariff Deadline Sparks Shipping Frenzy
China's exports surged 12.4% in March compared to a year earlier, as companies rushed to ship goods ahead of escalating U.S. tariffs, according to customs data released Monday. The sharp increase, driven by front-loaded shipments, outpaced analyst forecasts and comes amid deteriorating trade relations between Washington and Beijing under President Donald Trump's latest tariff escalation. 
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Wholesale Prices Drop 0.4% in March Ahead of Trump’s Tariff Escalation, Signaling Easing Inflation
Wholesale prices in the United States fell unexpectedly by 0.4% in March, according to Bureau of Labor Statistics data released Friday, offering a potentially favorable inflation snapshot just as President Donald Trump's sweeping tariff hikes begin to take effect. The decline in the Producer Price Index (PPI), a key gauge of pipeline inflation, came as economists had forecast a 0.2% increase. 
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JPMorgan’s Jamie Dimon Warns of ‘Considerable Turbulence’ as Tariffs, Inflation, and Volatility Mount
JPMorgan Chase CEO Jamie Dimon warned Friday that the U.S. economy is confronting "considerable turbulence," citing heightened geopolitical risks, trade wars, and persistent inflation. The cautionary message came as the bank posted a 9% year-over-year rise in first-quarter profit to $14.64 billion, beating Wall Street expectations. 
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U.S. Inflation Slows to 2.4% in March as Egg Prices Surge 60%, Tariffs Cloud Outlook
U.S. inflation eased in March, with consumer prices rising 2.4% from a year earlier, offering a fresh sign of cooling price pressures even as surging egg prices and escalating tariffs cloud the outlook. The data, released Thursday by the Bureau of Labor Statistics, showed the slowest year-over-year increase since early 2021 and came in below economists' expectations. 
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EU Imposes First Round of Retaliatory Tariffs on U.S. Imports Worth €21 Billion
The European Union on Wednesday approved its first wave of retaliatory tariffs on U.S. imports, marking a significant escalation in the transatlantic trade conflict triggered by President Donald Trump's sweeping import levies. The 27-member bloc said it would begin collecting duties on targeted American products beginning April 15, with additional phases scheduled for May 16 and December 1. 
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U.S. Oil Plunges on China's Retaliatory Tariffs and Recession Fears, Analysts Warn of Supply Glut
U.S. crude oil prices fell sharply on Wednesday, dropping more than 7% during intraday trading before paring losses, as markets reacted to China's announcement of retaliatory tariffs on U.S. goods in response to President Donald Trump's sweeping 104% levies. The aggressive trade action deepened concerns of a global economic slowdown and sent oil benchmarks tumbling to their lowest levels in four years. 
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Jamie Dimon Warns Trump Tariffs Could Trigger Recession and Global Instability
JPMorgan Chase CEO Jamie Dimon issued a dire warning Monday about the potential fallout from President Donald Trump's sweeping tariff policy, cautioning that the levies could drive inflation higher, weaken the U.S. economy, and erode America's global standing. 
