(Bloomberg) — US consumer spending weakened and the merchandise trade deficit widened markedly at the start of the year, pointing to a downshift in the world’s largest economy.
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In India, the fastest-expanding major economy, economic growth quickened to close out 2024 on a pickup in government spending and strong rural-area consumption.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:
US
US consumers unexpectedly pulled back on spending on goods like cars in January amid extreme winter weather, and a slowdown in services, if sustained, may raise concerns about the resilience of the economy.
The US merchandise trade deficit widened dramatically in January to a record as imports surged ahead of President Donald Trump’s promised tariffs. The shortfall ballooned…
