Weekly Economic Outlook: July 07-July 13, 2025
- Remin Francis I R
- Jul 14
- 1 min read
This past week brought some interesting developments on the global economic front, with signs of soft recovery in China, a mild but welcome shift in Canada’s job market, and a slight dip in India’s forex reserves.
Let’s start with China, where inflation finally showed a flicker of life. Consumer prices rose by 0.1% year-on-year in June, the first positive reading since January and slightly better than expected. The push came from e-commerce events, fresh subsidies, and improving trade vibes with the U.S. Core inflation hit a 14-month high at 0.7%, showing some demand is trickling back, even if monthly CPI still dipped slightly.
Canada, on the other hand, surprised everyone. The unemployment rate edged down to 6.9% in June from 7%, bucking forecasts of a rise. The economy added over 83,000 jobs, with part-time roles, mainly in wholesale and retail, driving the gains. It’s the first improvement in six months, though long-term unemployment remains a concern.
Back home, India’s foreign exchange reserves slipped slightly to $699.74 billion from $702.78 billion the week before. While still near record highs, it’s a reminder of how global currency pressures can play into local balances.
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