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WRAPUP 1-Euro zone economy expands faster than forecast but faces trade war hit
GDP grows by 0.4% vs 0.2% expectationInflation slows in Germany, holds steady in ItalyTrade war already hitting sentiment, investmentMore ECB rate cuts seen as inflation is largely defeatedBy Balazs Koranyi FRANKFURT, April 30 (Reuters) - The euro zone economy grew faster than expected in the fir...Reuters
Wed, Apr 30
Brazil's payroll-deductible loans surge in March after new government rules
BRASILIA, April 30 (Reuters) - Payroll-deductible loan issuance to private-sector workers in Brazil rose sharply in March after new rules introduced by the government as part of a broader effort to boost President Luiz Inacio Lula da Silva's flagging approval ratings.According to central bank da...Reuters
Wed, Apr 30
Trump deflects blame for economy contraction, says to be patient
WASHINGTON, April 30 (Reuters) - U.S. President Donald Trump on Wednesday said the contraction in the U.S. economy had nothing to do with his tariff wars and predicted the economy would boom when tariffs kicked in."When the boom begins, it will be like no other. BE PATIENT!!!" Trump wrote in...Reuters
Wed, Apr 30
Mexico avoids technical recession but economists see tough path ahead
April 30 (Reuters) - Mexico's economy performed better than expected in the first quarter of the year, preliminary data released by national statistics agency INEGI showed on Wednesday, although analysts continue to warn of a difficult path ahead.Latin America's second-largest economy grew 0...Reuters
Wed, Apr 30
INSTANT VIEW-Q1 US GDP shrinks amid import surge to front-run tariffs
April 30 (Reuters) - The U.S. economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of President Donald Trump's often chaotic tariff policy.Gross domestic product decreased at a 0.3% annua...Reuters
Wed, Apr 30
INSTANT VIEW-Q1 US GDP shrinks amid import surge to front-run tariffs
April 30 (Reuters) - The U.S. economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of President Donald Trump's often chaotic tariff policy.Gross domestic product decreased at a 0.3% annua...Reuters
Wed, Apr 30
US labor costs rise moderately in first quarter
WASHINGTON, April 30 (Reuters) - U.S. labor costs increased moderately in the first quarter as economic uncertainty caused by tariffs cools demand for labor. The Employment Cost Index (ECI), the broadest measure of labor costs, rose 0.9% in the first quarter after a similar increase in the October-D...Reuters
Wed, Apr 30
Traders pare bets on Fed rate cuts in 2025, still see a June start
April 30 (Reuters) - Traders pulled back slightly from bets the Federal Reserve will cut interest rates by a full percentage point this year after a government report showed the economy contracted by an annualized 0.3% last quarter as American businesses rushed to buy imported goods ahead of expecte...Reuters
Wed, Apr 30
Brazil's public sector gross debt down to 75.9% of GDP in March
BRASILIA, April 30 (Reuters) - Brazil's public sector gross debt declined to 75.9% of gross domestic product (GDP) in March from 76.1% the month before, central bank data showed on Wednesday.The reduction was driven by economic growth during the period, coupled with net debt redemption and the i...Reuters
Wed, Apr 30
Ireland's reliance on foreign multinational taxes grew in 2024
DUBLIN, April 30 (Reuters) - Foreign multinationals paid a record 88% of all Irish corporate tax last year, with the largest 10 firms accounting for 57% of surging receipts, according to data on Wednesday that highlighted the country's vulnerability to U.S. policy changes.A jump in corporate tax...Reuters
Wed, Apr 30
Treasury to keep auction sizes steady over coming quarters
April 30 (Reuters) - The U.S. Treasury Department on Wednesday said it expects to keep its coupon and floating rate note auction sizes steady for at least the next several quarters, but will continue to incrementally increase the size of its Treasury Inflation-Protected Securities (TIPS) auctions.It...Reuters
Wed, Apr 30
