INT
Firmer trade could boost German and euro-area growth
The euro area grew by a firm 0.3% on the quarter in April-June but Germany contracted and only Spain is growing strongly
EURecent services volatility reflects structural changes
Still-high services prices continue to constrain monetary policy easing amid post-pandemic shifts in spending patterns
InternationalChina domestic stimulus and exports to spur 5% growth
Annual GDP growth slowed to 4.7% in April-June on weaker retail sales and property market activity, but exports improved
ChinaDigital trade deal will have limited global impact
Around 90 WTO members reached an agreement on digital trade rules on July 26
InternationalEU Artificial Intelligence Act will have limited reach
The EU’s Artificial Intelligence Act will come into force next week
EUUS GDP growth will slow in the rest of 2024 and 2025
US GDP grew by an annualised 2.8% in the second quarter, stronger than the first three months due to higher consumption
United StatesChina’s AI progress heats up geopolitical competition
US media articles yesterday highlighted concerns over the future of artificial intelligence (AI)
InternationalG20 cooperation will continue but actions are limited
The G20 meeting underway promises greater cooperation on taxation, climate, non-bank risks and currency volatility
International
