Senegal has begun recalculating its gross domestic product using an updated base year in a move that could result in an improvement in its debt metrics, its finance ministry said on Tuesday in response to a credit rating downgrade.

Looming U.S. tariffs, together with a real estate market slump feeding into weakening consumer confidence, saw China's GDP growth slow in the second quarter.

China’s Q2 GDP growth met government targets at 5.2% YoY, but the recovery remains uneven beneath the headline numbers. High-tech manufacturing and services are driving growth, while real estate and retail sectors continue to struggle, highlighting structural challenges.

GDP rebasing The National Bureau of Statistics (NBS) will this month release the rebased Gross Domestic Product (GDP)

China’s economy posted a solid 5.3 percent growth in the first half of 2025, according to data released by the National Bureau of Statistics (NBS) on Tuesday, demonstrating the strong resilience of the world’s second-largest economy despite a complex global environment.

The U.S. economy is expected to see its strongest quarterly growth of the year in the second quarter of the year, according to Bloomberg consensus estimates.

Iron ore held its biggest weekly gain since January, with traders looking ahead to the release of data in China that may show the economy of the world’s biggest metals consuming nation expanded more than 5% in the second quarter.

Trump’s “Big Beautiful Bill” just passed both chambers of Congress. It slashes over $1 trillion from Medicaid and cuts anti-hunger programs by $295 billion, all while delivering tax breaks where 72 percent of all benefits go to the top 20 percent of earners. At least 16 million Americans are projected to lose healthcare coverage.

China's economy grew at a slightly faster pace than expected in the second quarter, showing resilience in the face of U.S. tariffs, though analysts warn of intensifying headwinds that will ramp up pressure on policymakers to roll out more stimulus.

From Chinese economy beating forecasts to Australian prime minister’s visit to China, here’s a round-up from today’s coverage.