gdp

According to Jinshi reports, the Hong Kong Special Administrative Region Government's Census and Statistics Department today (31st) released the preliminary estimate of local GDP for the second quarter of 2026, showing that local GDP increased by 4.3% in real terms compared to the same period last year, while the increase in the first quarter was 5.9%.A spokesperson for the Special Administrative Region Government stated that supported by vigorous external trade and robust internal demand, the Hong Kong economy continued to expand strongly in the second quarter of 2026, and it is expected to maintain steady growth in the second half of the year.

According to Jinshi reports, Hong Kong's GDP quarterly final value for the second quarter is -0.6%, lower than the market expectation of -0.3%, and the previous value was 2.9%.

According to Jinshi, the preliminary GDP price index for the United States in the second quarter is 6.2%, higher than the market expectation of 4%, and the previous value was 3.6%.

According to Jinshi reports, the initial value of the annualized quarterly real GDP for the United States in the second quarter is 1.5%, lower than the market expectation of 2.1%, and the previous value was 2.1%.

According to Jinshi reports, the preliminary quarterly GDP growth rate for the Eurozone in the second quarter is 0.4%, higher than the market expectation of 0.2%. The previous value was revised from -0.2% to 0%.

According to Jinshi, due to the recovery of domestic demand and a rebound in exports, the French economy returned to growth in the second quarter, avoiding a recession. The French National Institute of Statistics announced on Thursday that GDP rose by 0.2% in the second quarter (previous value decreased by 0.1%), in line with forecasts.The rebound of the eurozone's second-largest economy brings a positive outlook for the entire region, although rising oil prices have increased inflation, burdened households, and suppressed investment.

According to the forecast data released by The Kobeissi Letter, the investment boom in the AI sector is reshaping the structure of the U.S. economy. It is expected that by 2027, the capital expenditure of the five major tech giants—Alphabet, Amazon, Meta, Microsoft, and Oracle—in the AI field will account for about 3.2% of the U.S. Gross Domestic Product (GDP).If this forecast comes to fruition, it will mark the first time in U.S. history that annual AI capital expenditure exceeds national defense spending (which is expected to account for about 2.7% of GDP next year).Data shows that this year (2026), the AI capital expenditure of these five companies is expected to exceed $800 billion, with its share of GDP sharply rising from 1.5% in 2025 to around 2.5%, nearing the estimated 2.7% for defense spending. By 2027, this figure is expected to soar further, reaching a record $1.1 trillion.

According to Jinshi, the final value of the GDP price index for the United States in the first quarter is 3.6%, higher than the market expectation of 3.5% and the previous value of 3.5%.

According to Jinshi reports, the final annualized quarterly rate of the actual GDP in the United States for the first quarter is 2.1%, higher than the market expectation of 1.6% and the previous value of 1.6%.

According to Jinshi reports, the Federal Reserve has lowered its GDP growth and unemployment rate forecasts for this year, significantly raised the PCE and core PCE inflation expectations for this year and next, and also raised the federal funds rate expectations for the next three years.

According to Jinshi reports, the Federal Reserve FOMC has lowered its GDP growth expectations for 2026 to 2028, with medians of 2.2%, 2.3%, and 2.2%. In contrast, the expectations in March were 2.4%, 2.3%, and 2.1%.

According to Jinshi reports, Federal Reserve's Goolsbee stated that GDP growth was unexpectedly strong, and consumer spending is also progressing steadily.

According to Jinshi reports, Trump's budget proposal is expected to result in a real GDP growth of 3.1% in the fiscal year 2027.

According to Jinshi reports, Federal Reserve's Williams expects the U.S. GDP growth rate to be 2.5% this year, boosted by various factors.

According to Jinshi reports, Federal Reserve Chairman Powell stated that the higher GDP forecast reflects confidence in productivity.

According to Jin Shi reports, the chart in the Federal Reserve's economic outlook shows that most FOMC participants believe that the uncertainty facing actual GDP is high, with a downward risk bias.

According to Jinshi reports, the Federal Reserve has raised its GDP growth forecast, increased the PCE and core PCE inflation expectations for this year and next, raised the unemployment rate forecast for next year, and raised the long-term federal funds rate expectation.

According to Jin Shi reports, S&P stated that the negative supply shock brought by the Middle East war will reduce the growth rate of the U.S. GDP and raise inflation levels.

According to Jin Ten, Federal Reserve's Bostic stated that the business outlook for 2026 is similar to current GDP growth, and may even be slightly stronger, which could intensify price pressures.

According to Jinshi, at 21:30 Beijing time, the United States will announce the December PCE price index and the annualized quarterly rate of real GDP for the fourth quarter, among other key data. The market generally expects inflation to rise moderately and the economy to remain resilient, which may impact the Federal Reserve's interest rate cut outlook and strengthen the case for holding steady. Market fluctuations should be monitored at that time.