Economic Overview - Chengdu's GDP for the first half of the year reached 1210.82 billion yuan, with a year-on-year growth of 5.8% at constant prices [1] - The primary industry added value was 18.67 billion yuan, growing by 2.7%; the secondary industry added value was 326.74 billion yuan, growing by 5.3%; and the tertiary industry added value was 865.42 billion yuan, growing by 6.0% [1] Agricultural Performance - The production of garden fruits, tea, vegetables, and edible fungi increased by 6.3%, 5.3%, 3.0%, respectively [1] - The number of pigs slaughtered reached 1.993 million, with pork production at 158,000 tons [1] Industrial Growth - The added value of Chengdu's industrial economy grew by 7.8% year-on-year [1] - State-owned enterprises saw a 4.9% increase in added value, while private enterprises experienced a 10.4% growth [1] - Among 37 major industries, 25 reported positive growth, with notable increases in non-ferrous metal smelting and rolling (41.7%), automobile manufacturing (23.6%), and computer communication and other electronic equipment manufacturing (17.3%) [1] - High-tech manufacturing industries showed a 12.1% increase in added value [1] - Production of new energy vehicles, smartwatches, and lithium-ion batteries surged by 352.2%, 119.2%, and 45.8%, respectively [1] Service Sector Performance - The added value of the service industry grew by 6.0% year-on-year [2] - The rental and business services sector and information transmission, software, and IT services both increased by 10.7% [2] - The transportation, warehousing, and postal services sector grew by 7.4% [2] Consumer Market Trends - Chengdu's consumer price index (CPI) rose by 0.3% year-on-year [2] - Fixed asset investment increased by 6.0%, with the primary industry investment growing by 15.3% and secondary industry investment by 40.7% [2] - The total retail sales of consumer goods reached 562.23 billion yuan, with a year-on-year growth of 6.1% [2] - Notable growth in retail categories included communication equipment (64.5%), household appliances (34.5%), and cultural office supplies (20.4%) [2] - New energy vehicles saw a retail growth of 21.0% [2]

韩国央行7月24日公布数据显示，第二季度国内生产总值（GDP）环比增长0.6%，同比增长0.5%。 ...

二季度GDP同比增长0.5%，预期增长0.4%。 韩国二季度GDP季环比增长0.6%，预期增长0.5%。 ...

智通财经7月24日电，韩国第二季度GDP环比增长0.6%，预估为0.5%。 ...

Group 1 - Goldman Sachs economists predict that the U.S. basic tariff rate will increase from 10% to 15%, with a 50% tariff on copper and key minerals, potentially exacerbating inflation and pressuring economic growth [2] - Goldman Sachs has revised its forecasts for U.S. inflation and GDP growth to reflect the new tariff assumptions, indicating that tariffs will raise core inflation by 1.7% over 2-3 years [2] - The firm now forecasts a core inflation rate of 3.3% for 2025, down from a previous estimate of 3.4%, and anticipates GDP growth of 1% for 2025, impacted by tariffs [2] Group 2 - Trump announced a trade agreement with Japan setting tariffs on imported goods at 15%, including automobiles, which are a major component of the trade deficit [3] - A separate agreement with the Philippines sets a tariff rate of 19%, similar to that agreed with Indonesia, indicating a trend of lower tariffs in Southeast Asia compared to Vietnam's 20% benchmark [3] - Trump praised the trade agreements as significant victories, claiming the deal with Japan is potentially the largest trade agreement in history [4] Group 3 - Goldman Sachs expects the effective tariff rate in the U.S. to rise by 16 percentage points this year, indicating a slight upward risk to inflation and a slight downward risk to growth [4]

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **Federal Reserve's monetary policy** and its implications for the **North American economy** as of July 2025 Core Insights and Arguments - **Economic Activity**: The Federal Reserve is expected to maintain its assessment that economic activity is expanding at "a solid pace" with the labor market described as "solid" and inflation being "somewhat elevated" [5][6][12] - **GDP Growth**: For the second quarter of 2025, GDP growth is tracked at **2.2% quarter-over-quarter annual rate**, with estimates from the Atlanta Fed at **2.4%** and the NY Fed at **1.7%** [7] - **Labor Market**: The unemployment rate remains low, unchanged from the previous year, although payroll growth has slowed [8][15] - **Inflation Trends**: The June Consumer Price Index (CPI) report indicated new price pressures due to tariffs, with inflation expected to rise to **3.0%** for headline PCE and **3.2%** for core PCE in 2025 [14] - **Tariff Impact**: Tariffs are acting as a tax on consumption and capital, contributing to slower growth forecasts for consumption and nonresidential fixed investment [13] - **Future Rate Expectations**: The Federal Reserve is anticipated to keep the target funds rate unchanged at **4.25-4.50%** until March 2026, followed by a series of cuts [16] Additional Important Insights - **Recession Probabilities**: The probability of the US economy entering a recession is highlighted, with various scenarios presented for potential recession timing [41][45] - **Dissenting Opinions**: Expected dissents from Fed Governors Waller and Bowman regarding the need for a rate cut of **25 basis points** at the next meeting [10] - **Policy Positioning**: Chair Powell is expected to emphasize the evolving nature of trade, immigration, fiscal, and regulatory policies and their uncertain effects on the economy [12] - **Employment Growth Forecast**: Employment growth is projected to slow significantly, from **130,000** jobs per month in the first half of 2025 to around **50,000** in 2026 [15] This summary encapsulates the key points discussed in the conference call, providing insights into the current economic landscape and the Federal Reserve's monetary policy outlook.

尼日利亚一季度GDP同比增长3.13%，预期增长3.81%。 ...

智通财经7月22日电，尼日利亚第一季度GDP同比增长3.13%，预估增长3.81%。 ...

Economic Overview - Shandong's GDP for the first half of the year reached 5004.6 billion yuan, with a year-on-year growth of 5.6% at constant prices [1] - The primary industry added value was 301.54 billion yuan, growing by 3.9% year-on-year; the secondary industry added value was 1979.91 billion yuan, growing by 5.6%; and the tertiary industry added value was 2723.15 billion yuan, growing by 5.8% [1] Agricultural Sector - Agricultural production showed steady growth, with total output value in agriculture, forestry, animal husbandry, and fishery reaching 537.53 billion yuan, a year-on-year increase of 4.3% [1] - Summer grain production was robust, with a total output of 54.74 billion jin, up by 0.7% year-on-year, marking the highest yield and increase in the country [1] Industrial Sector - The industrial sector maintained rapid growth, with the added value of industrial enterprises above designated size increasing by 7.7% year-on-year [2] - Equipment manufacturing significantly contributed to this growth, with an increase of 13.0%, surpassing the overall industrial growth by 5.3 percentage points [2] - Key industries such as automotive, railway, and electronics saw substantial growth, with increases of 16.2%, 21.1%, and 21.9% respectively [2] Consumer Sector - Retail sales of consumer goods reached 2014.21 billion yuan, reflecting a year-on-year growth of 5.6%, indicating sustained consumer vitality [2] Investment Sector - Fixed asset investment decreased by 0.2% year-on-year, with infrastructure investment growing by 3.0% and manufacturing investment increasing by 8.7% [3] - Industrial investment grew by 13.4%, contributing to a 5.2 percentage point increase in overall investment [3] Trade Sector - The total import and export volume reached 1.73 trillion yuan, with a year-on-year growth of 6.8% [3] - Exports amounted to 1.05 trillion yuan, growing by 6.0%, while imports were 676.41 billion yuan, increasing by 8.1% [3] - The structure of trade improved, with general trade growing by 6.5% and accounting for 65.4% of total trade [3]

上半年贵州GDP同比增长5.3% 智通财经7月21日电，从贵州省政府新闻办举行的新闻发布会上获悉，上半年全省地区生产总值 11452.42亿元，按不变价格计算，同比增长5.3%。其中，第一产业增加值1198.74亿元，同比增长 4.3%；第二产业增加值3840.62亿元，增长6.5%；第三产业增加值6413.06亿元，增长4.8%。 ...