Global Economic Snapshot in September 2025

China Economic Growth: China’s GDP grew 5.3% in the first half of 2025, exceeding the government’s annual target of ~5%. Industrial output in August slowed to 5.1%, signaling challenges in the manufacturing sector. Monetary Policy: The People’s Bank of China is expected to maintain benchmark lending rates at 3.0% (1-year) and 3.5% (5-year), despite recent U.S. Federal Reserve rate cuts. India Economic Growth: India’s GDP expanded by 6.2% in Q3 FY25, up from 5.6% in the previous quarter, supported by rural demand and government spending. Credit Rating Upgrade: Japan’s R&I agency upgraded I

China Economic Growth: China’s GDP grew 5.3% in the first half of 2025, exceeding the government’s annual target of ~5%. Industrial output in August slowed to 5.1%, signaling challenges in the manufacturing sector. Monetary Policy: The People’s Bank of China is expected to maintain benchmark lending rates at 3.0% (1-year) and 3.5% (5-year), despite recent U.S. Federal Reserve rate cuts. India Economic Growth: India’s GDP expanded by 6.2% in Q3 FY25, up from 5.6% in the previous quarter, supported by rural demand and government spending. Credit Rating Upgrade: Japan’s R&I agency upgraded India’s sovereign rating to BBB+ with a Stable Outlook, citing strong growth and fiscal discipline. Japan Economic Outlook: GDP expanded in Q2 2025, driven by private consumption amid global trade uncertainties. Monetary Policy: The Bank of Japan plans to gradually offload ¥251 billion ($2.23 billion) in ETFs, signaling confidence in economic recovery. Singapore Economic Growth: GDP grew 4.3% year-on-year in H1 2025. The Ministry of Trade and Industry upgraded the full-year forecast to 1.5%–2.5%. Geopolitical Concerns: PM Lawrence Wong emphasized stability amid rising global protectionism and geopolitical shifts. Russia Economic Growth: Russia’s GDP grew 1.1% in Q2 2025. The central bank cut the benchmark interest rate to 17% to support economic activity. Australia Economic Growth: GDP grew 1.3% in FY24–25, marking the weakest year-on-year growth since the early 1990s. Middle East Economic Growth: UAE’s economy is projected to grow 4.9% in 2025, supported by higher oil production and robust non-hydrocarbon sectors. Monetary Policy: The UAE central bank cut interest rates by 0.25%, following the U.S. Federal Reserve’s move to stimulate activity.