The Vietnamese government is targeting gross domestic product growth of 8.3%-8.5% for this year, Prime Minister Pham Minh Chinh said on Wednesday.

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.

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.

The rate, which slightly exceeded the 5.1 per cent average estimate from analysts polled by Reuters, positions Beijing to hit its full-year target of about 5 per cent. It shows how China has been able to keep growth on track through exports and investment even as it struggles with weak demand at home.

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.

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.

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.

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