AGP Executive Report
Last update: 26 minutes agoCanada Recession Debate: Statistics Canada reported GDP flat then down at an annualized -0.1% in Q1, sparking “technical recession” arguments as Poilievre blamed Carney’s policies and economists urged caution. US Trade & Rates: The US goods trade deficit narrowed in April as exports surged, while mortgage rates climbed to 6.53%—a reminder that higher oil-linked inflation risks are still feeding borrowing costs. Brazil Growth Pickup: Brazil’s economy expanded 1.1% in Q1 (1.8% year-on-year), led by mining and construction, with exports down and imports up. Croatia Streak: Croatia extended growth to 21 straight quarters, but the pace slowed to 2.2% in Q1 as consumption stayed the main driver. Energy & Climate: Armenia discussed expanding greenhouse support and export diversification; Lesotho raised its central bank rate amid Middle East-driven fuel and shipping shocks; and smart-grid upgrades were highlighted as a path to cut oil dependence. Circular Economy Push: Asean/East Asia SMEs get new circular-economy tools via a regional partnership, including a “circular business check.”
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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