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US Trade Deficit Jumps 42% as Imports Surge, Raising Fresh Q2 GDP Concerns

The US trade deficit widened 42.2% to $77.6 billion in May as imports hit a one-year high and exports declined, adding pressure to second-quarter GDP.

Jul 7, 2026, 13:29 UTC

Coverage Timeline

9 items
RBI Holds Repo Rate at 5.25% as Middle East Conflict Drags Down India's FY27 Growth Outlook
The RBI simultaneously revised its GDP growth forecast for FY2026/27 downward to 6.6% from 6.9% and raised its inflation projection to 5.1% from 4.6%
Jun 5, 2026, 05:57 UTC
Turkey Caught Between Slowing Growth and Industrial Recovery as Economy Sends Mixed Signals
Turkey's GDP growth slowed to 2.5% in the first quarter of 2026, while manufacturing activity climbed to its highest level since March 2024
Jun 1, 2026, 10:32 UTC
Turkey Expands E-Commerce Export Strategy to 35 Countries as Digital Exports Reach $6.4 Billion
Turkey has expanded its e-commerce export strategy to 35 countries as digital exports reach $6.4 billion and online commerce grows to 6.9% of GDP.
May 30, 2026, 16:15 UTC
UAE Economy Expands 6.2% to AED 1.9 Trillion as Non-Oil Growth Accelerates
The UAE economy grew 6.2% to AED 1.9 trillion in 2025, while non-oil GDP expanded 6.8% to AED 1.5 trillion, led by construction, finance
May 30, 2026, 09:44 UTC
AI Drives Taiwan Exports to Fastest Growth in 50 Years as GDP Forecast Raised to 9.64%
Taiwan raised its 2026 GDP forecast to 9.64% and expects exports to surge 39.77%, the fastest growth since 1976
May 29, 2026, 10:28 UTC
Saudi Economic Growth Slows to 2.8% in Q1 2026
Saudi GDP growth slowed to 2.8% in Q1 2026, hit by US-Iran war disruptions and UAE's OPEC exit; IMF cuts 2026 forecast to 3.1%.
Apr 30, 2026, 07:18 UTC
UAE economy grows 5.6% as central bank strengthens financial resilience and digital transformation
UAE's 2025 GDP grew 5.6% as non-oil sectors, digital finance, and strong regulation boosted economic and financial system resilience.
Apr 10, 2026, 06:24 UTC
India holds rates at 5.25% as war risks cloud growth and inflation outlook
RBI keeps repo rate at 5.25%, citing war risks and inflation; GDP growth forecast raised to 7.6% for FY25/26, inflation seen at 4.6%.
Apr 8, 2026, 05:48 UTC

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