Economix

Global Economic Highlights U.S. Economy Contracts Sharply: The U.S. economy shrank by -0.2% in Q1, a much steeper decline than expected. This has rattled markets and raised fears of a potential recession. However, durable goods orders rebounded by +8.6%, suggesting business investment remains resilient. Oil & Commodities Volatility: Oil prices briefly surged past $78 per barrel due to Middle East tensions but have since settled around $75, as OPEC+ signals possible production increases. Gold is holding steady near $1,950/oz, reflecting investor caution amid geopolitical uncertainty. UN Anti-Corruption Milestone: The UN Global Compact marked the end of its 15-year anti-corruption initiative, highlighting how ethical business practices have become central to sustainable development and investor confidence. Global Economic Outlook: According to Coface’s June 2025 Risk Review, the world economy is entering a phase of “uncertainty as the new normal.” Trade tensions, U.S. tariffs, an...

  1900 – Japan Mobilizes Troops During Boxer Rebellion. Japan sent 20,000 troops to China, asserting its regional influence. This military-economic move foreshadowed Japan’s rise as a dominant power in East Asia. 1945 – United Nations Charter Signed. In San Francisco, 50 nations signed the UN Charter, laying the foundation for post-WWII international cooperation. Economically, this marked a shift toward global governance and multilateralism, influencing trade, development, and aid for decades. 2018 – Iranian Currency Crisis Protests. On June 26, protests erupted in Tehran over the collapsing rial. Citizens blamed government mismanagement and U.S. sanctions. It was the largest economic protest since 2012, highlighting Iran’s vulnerability to external pressure. 2025 – Asia Economic Summit in Jakarta Held on June 26, this summit brought together ASEAN leaders, investors, and tech innovators to discuss AI, digital infrastructure, and regulatory shifts. It reflected Southeast Asia’s...