According to the German Federal Statistical Office (Destatis), Germany's GDP dropped by 0.2% year-over-year in Q2 against a forecasted decrease of 0.6%.
Chinese news agency Xinhua reported yesterday that the country's Politburo, the ruling Communist Party's top leadership body, announced that it would be expanding stimulus measures to support economic growth by increasing internal demand.
According to data released yesterday, the number of people with jobs in Australia for June significantly exceeded analysts' expectations for the second month in a row.
According to data released by the UK's Office for National Statistics, the consumer price index for June rose by 7.9% year-over-year (6.9% when excluding food and energy).
China's economy is recovering more slowly than expected. According to the latest data, the country's GDP rose by 6.3% year-over-year in Q2 after moving up 4.5% YoY in Q1.