world economic news

World Economic News – 27/01/2022



The annual inflation rate in Tokyo increased further in January compared to the previous month, reaching 4.4% three weeks ahead of the release of the CPI data for the national level. Excluding food prices, the Japanese capital’s consumer prices grew by 4.3% year-on-year. In the same period, the CPI rose by 3% excluding food and energy prices.


Real gross domestic product shot up by 2.9% in the last quarter of 2022 after spiking by 3.2% in the third quarter, the Commerce Department said on Thursday. Economists had expected GDP to jump by 2.6%. The stronger than expected GDP growth reflected increases in private inventory investment, consumer spending, government spending, and non-residential fixed investment.


Australia’s export prices sank 0.9% on quarter and 20.5% on a annual basis in the last quarter of 2022, the Australian Bureau of Statistics said on Friday. The main contributors to the fall were coal, coke and briquettes.


The Spanish economy rose 2.7% from a year earlier in the last quarter of 2022, the least in almost two years, but topping market forecasts of 2.2%. Considering the full year of 2022, the Spanish economy grew by 5.5%, preliminary estimates showed.


The business sentiment index increased by 18 points to -52 in January from -70.2 in the previous month, driven by the retail and manufacturing segments, the ANZ Business Outlook survey showed.