Currently, the global economy is in a period of and . Inflation remains the largest concern in most markets but has recently begun to globally with only
30
countries reporting higher inflation this month than last month.

The Zoomed Out View

Aggregate charts for a better picture of what the entire global economy is experiencing. They change from time to time but we tend to highlight the current buzz from a zoomed out view.

Real GDP Growth

Quarterly real GDP growth year-over-year changes. Total number of countries with Real GDP growth rising minus the number of countries with falling Real GDP Growth. Real GDP Growth equals GDP Growth - Inflation for a more true calculation of how an economy grew.

The most recent reporting period is9-2023. Be aware that countries release their data at different times. It takes 1-2 months for complete data from all countries to be available for the most recently reported period.
The most recent reporting period is9-2023. It takes 1-2 months for complete data from all countries to be available for the most recently reported period.
Latest
Reported17
Higher9
Lower6
Unchanged2

** A positive reading indicates more countries are reporting a higher value than countries that are reporting a lower value. Positive numbers should be read as global expansion of the indicator and negative numbers as global contraction of the indicator.

Upcoming Economic Releases

All of the events below are considered high impact.
CountryEventActualEstimatePrevious
Saturday, May 11th
🇨🇳ChinaNew Yuan Loans (Apr)73012003090
Tuesday, May 14th
Employment Change (Mar)-178-215-156
Unemployment Rate (Mar)4.34.34.2
🇩🇪GermanyCPI (Apr)
🇩🇪GermanyInflation Rate YoY (Apr)2.22.22.2
🇪🇸SpainCPI (Apr)
🇪🇺European UnionZEW Economic Sentiment Index (May)4746.143.9
🇩🇪GermanyZEW Economic Sentiment Index (May)47.14642.9
🇺🇸United StatesPPI MoM (Apr)0.50.3-0.1
🇺🇸United StatesFed Chair Powell Speech
Wednesday, May 15th
🇪🇺European UnionGDP Growth Rate YoY (Q1)0.40.1
🇪🇺European UnionGDP Growth Rate QoQ (Q1)0.3-0.1
🇺🇸United StatesRetail Sales MoM (Apr)0.40.7
🇺🇸United StatesInflation Rate YoY (Apr)3.43.5
🇺🇸United StatesCore Inflation Rate YoY (Apr)3.63.8
🇯🇵JapanGDP Growth Annualized (Q1)-1.50.4
Thursday, May 16th
🇦🇺AustraliaWestpac Consumer Confidence Change (May)
🇦🇺AustraliaUnemployment Rate (Apr)3.93.8
🇦🇺AustraliaEmployment Change (Apr)23.7-6.6
🇺🇸United StatesBuilding Permits (Apr)1.481.467
Friday, May 17th
🇦🇹AustriaCPI (Apr)
🇪🇺European UnionCore Inflation Rate YoY (Apr)2.72.9
🇯🇵JapanInflation Rate YoY (Apr)
🇯🇵JapanBalance of Trade (Apr)

Don't let the economy surprise you.

Economic releases, key earnings, speeches, weather, and other market moving events for the week ahead are highlighted in our weekly Sunday note.

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