The Organization for Economic Cooperation and Development (OECD) has yet again revised its forecast for economic growth in Germany downwards and now sees only miniscule growth of 0.2% for this year. The group, which published its economic outlook in Paris on Thursday, had already lowered its growth forecast for Germany in an interim report in February to 0.3% from a forecast of 0.6% in November. For 2025, the OECD expects the German economy to gain momentum and grow by 1.1%. The organization cit
US President Joe Biden said Friday’s labor market report shows the labor market remains resilient as inflation continues to ease. He further hoped that the Federal Reserve would not raise interest rates further.
Australia's Prime Minister Anthony Albanese told Chinese President Xi Jinping in Beijing on Monday that Australia has an interest in the continued stable growth of China's economy and its ongoing engagement with the world. In opening remarks as the two leaders met at the Great Hall of the People, Albanese said a strong relationship between the two countries was "beneficial into the future". "Australia, along with other countries in the region, has an interest in continued stable growth in the Chinese economy, and its ongoing engagement with the world ," he said, according to an official transcript from the Australian Prime Minister's Office.