US GDP fell due to trade impacts, while Canada saw growth and Nvidia highlighted AI impact.

From Yahoo Finance: 2025-05-31 05:00:00

The US economy contracted slightly due to tariff-related trade impacts and a slowdown in household spending. Meanwhile, Canada saw growth fueled by an export surge. Consumer sentiment rebounded, and Nvidia’s earnings report highlighted the AI boom’s impact on GDP.

European firms in China are pessimistic about growth, while Germany’s inflation rate is slowing. Europe is adding gas to depleted storage sites, and Asia faces threats to its export strategy. India’s economy grew faster than expected, driven by agriculture and investments.

Brazil’s consumer prices rose less than forecast, impacting interest rate hikes. Japan lost its position as the world’s largest creditor nation to Germany. New Zealand and other countries adjusted their rates, while others kept borrowing costs unchanged.

Read more: US GDP Falls on Larger Trade Hit