This is The Economic Corner show - where we update you on all the biggest global economic announcements that are in news today.
The first economic update comes in from the United States, where President Joe Biden made his first speech to a joint session of Congress. The President’s speech was a very optimistic one with clear words stressing that American economy is out of the troubled waters and ready to shine again. Biden is all set to push through next phases of packages for the economy and clearly indicated that in his speech.
Moving on from the 100 days of President Biden to some important economic data announcements, Tokyo consumer prices fell unexpectedly in April due to cuts in mobile phone fees by major carriers, making the central bank’s 2% inflation target appear even more elusive. The Japanese manufacturing sector also registered the strongest improvement in operating conditions in three years, according to the latest PMI data.