US Inflation and Interest Rates: The US CPI for April met expectations, triggering a stock rally, but detailed figures suggest inflation remains high, casting doubt on imminent Fed rate cuts.
Japan's Economic Contraction: Japan's GDP contracted by -2% annualized in Q1, marking the third consecutive quarter without growth, yet interest rate hikes are still expected despite the economic downturn.
Indonesia's Steady Growth: Indonesia reported a consistent 5.1% GDP growth for Q1, in line with expectations and historical performance, though the economy remains below its potential growth rate compared to peers like India and the Philippines.
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