Economic Growth

In recent decades, China's economic ascent has been nothing short of extraordinary. What was once a struggling third-world economy has blossomed into the world's second-largest, following closely behind the United States. Simultaneously, China has secured its place as the foremost global buyer of vital commodities like crude oil and copper. These profound shifts have irrevocably positioned the Chinese economy as an indispensable focal point for traders and investors across the globe.

Key events: UK - GDP (YoY) (Q1) UK - GDP (QoQ) (Q1) Eurozone - CPI (YoY) (Jun)    USA - Core PCE Price Index (MoM) (May)     On Thursday, US stock indices experienced slight gains as bank shares surged following the Federal Reserve's positive outcome of the annual stress test. Additionally, robust economic data fueled expectations of further interest rate hikes by the central bank.

Key events:         UK – Retail Sales (MoM) (Jan) This week we saw a lot of important economic data updates for the market. The most important of them was data on inflation, both consumer and industrial. The picture, as it may seem at first sight, is rather bad for risky instruments, but the market is holding on, and in some places, it is even growing. So has the U.S. economy lost its influence on the stock market? New Economic Data On Tuesday we were presented with new data on consumer inflation.

If a country's economy is growing, it means its citizens' standard of living is also growing. Or does it? Let's find out what gross domestic product is, how it relates to economic growth and living standards, and what inflation has to do with it. What is Economic Growth?