Senegal has begun recalculating its gross domestic product using an updated base year in a move that could result in an improvement in its debt metrics, its finance ministry said on Tuesday in response to a credit rating downgrade.

HANOI (Reuters) -The Vietnamese government is targeting gross domestic product growth of 8.3%-8.5% for this year, Prime Minister Pham Minh Chinh said on Wednesday. Copyright 2025 Thomson Reuters.

GDP per capita is often seen as better indicators of how wealthy a country really is as it reflects the average income and standard of living of individuals.A higher number usually means that on average,

The rate, which slightly exceeded the 5.1 per cent average estimate from analysts polled by Reuters, positions Beijing to hit its full-year target of about 5 per cent. It shows how China has been able to keep growth on track through exports and investment even as it struggles with weak demand at home.

China's economy is expected to have slowed down in the second quarter from a solid start to the year as trade tensions with the United States added to deflationary pressures, reinforcing expectations that Beijing may need to roll out more stimulus.

From Chinese economy beating forecasts to Australian prime minister’s visit to China, here’s a round-up from today’s coverage.

China’s Q2 GDP growth met government targets at 5.2% YoY, but the recovery remains uneven beneath the headline numbers. High-tech manufacturing and services are driving growth, while real estate and retail sectors continue to struggle, highlighting structural challenges.

Trump’s “Big Beautiful Bill” just passed both chambers of Congress. It slashes over $1 trillion from Medicaid and cuts anti-hunger programs by $295 billion, all while delivering tax breaks where 72 percent of all benefits go to the top 20 percent of earners. At least 16 million Americans are projected to lose healthcare coverage.

Senegal is recalculating its GDP using a new base year to improve its debt metrics following hidden debt revelations. The move, albeit standard, raises skepticism about its long-term effectiveness. The IMF awaits clarity on misreporting,

The U.S. economy is expected to see its strongest quarterly growth of the year in the second quarter of the year, according to Bloomberg consensus estimates.