Global Scans · Economy · Weekly Summary

DRIVER: The global economy still faces serious headwinds and political uncertainty potentially balanced by the enormous promise of technological advancements in many fields. Read on to get a solid handle on the opportunities and risks you and your organization may likely face and set your sails accordingly.

• [New] Today's Eurozone Retail Sales and German Industrial Production will guide commodity sentiment. The Rio Times
• [New] Today's Eurozone Retail Sales and German Industrial Production will influence energy demand sentiment. The Rio Times
• [New] Today's Eurozone Retail Sales and German Industrial Production will shape metal demand. The Rio Times
• [New] Today's Eurozone Retail Sales and German Industrial Production will signal demand trends. The Rio Times
• [New] Pakistan must create an environment where investors feel secure that their capital and effort will not be swept away by political or economic tsunamis. The News International
• [New] The Reserve Bank of Australia, after cutting its cash rate by 25 bps to 3.85% in May, is widely expected to shave another 25 bps to around 3.6% at its upcoming meeting as inflation cools but global headwinds linger. Seeking Alpha
• [New] Organizers want transformative solutions that optimize production, expand access to essential goods, and unlock Africa's export potential - especially in housing, food, and healthcare. iAfrica.com
• [New] 'No confidence' Three years ago, Thailand unveiled an ambitious plan to transform its car industry, long dominated by Japanese majors like Toyota and Honda, to ensure at least 30% of its total auto production was EVs by 2030. Reuters
• [New] Thailand's ambitious plan to transform its auto industry by ensuring at least 30% of total production is electric vehicles by 2030 is threatened by the struggles of firms like Neta, prompting policymakers to reconsider the effectiveness of their incentive schemes. Reuters
• [New] The Reserve Bank of Australia is expected to lower its cash rate to 3.6% on Tuesday, marking a third consecutive cut as inflation eases. financialpost
• [New] The World Bank has reduced its economic growth forecast for Thailand to 1.8% for 2025 and 1.7% for 2026, citing mounting global and domestic challenges. Bangkok Post
• [New] China is perceived as the antagonist and rival of the United States, and that China's economic growth is seen as a threat to the world order underpinned by American dominance or American values. Reference.org Encyclopedia and Reference Library
• [New] The slowdown in the global economy has put downward pressure on the Thai export sector, and so the total value of imports and exports is expected to decline by -0.6% and -1.5% YoY, respectively. Krungsri2020
• [New] Utility street works cost the UK economy at least £4 B per year and can cause disruption to businesses and residents. SlideShare
• [New] The global space economy is now worth US$ 630 billion and will grow 9% annually to US$ 1.8 trillion by 2035, double the growth rate of the global economy and faster than semiconductors. Scott Morrison
• [New] In a recent survey, US shale executives said they expect to drill significantly fewer wells in 2025 than planned at the start of 2025, citing lower oil prices and uncertainty around Trump's tariffs. Mint
• [New] Mexico is expected to remain a major grain importer as domestic production remains insufficient to meet growing food and feed needs. Scribd
• [New] Stronger local white corn prices and rising demand for rice and sorghum are expected to drive increased production in marketing year 2025/2026. Scribd
• [New] Despite increased domestic production, Mexico will remain a major grain importer, with imports of wheat, rice, and sorghum projected to rise. Scribd
• [New] Document Informationclick to expand document informationThe Grain and Feed Update for Mexico forecasts a 7% increase in corn production for marketing year 2025/2026, driven by stronger local prices and rising demand, while wheat production is expected to decline by 36% due to drought. Scribd
• [New] If upcoming reports confirm weakening growth of the US economy, investor sentiment will shift away from the Dollar, causing it to weaken against the Euro. The Munich Eye
• The ABI expects AI to provide greater depth of insight from smart product data and IoT technology, enhancing understanding and management of risk, and enabling more tailored products. Genasys

Last updated: 08 July 2025