Home World Main points of global economic news for June 12, 2026

Main points of global economic news for June 12, 2026

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1. APEC Senior Financial Officials Meeting: Sustainable Regional Growth – The APEC Senior Financial Officials Meeting, held June 11-12 in Chengdu, China, focused on key economic and financial issues. Delegates held in-depth discussions on the global economic situation, fiscal policy, financing of digital infrastructure, inclusive finance and cooperation on young talents. At the meeting, Chinese Vice Minister of Finance Liao Min said that with technological advancement and digital transformation, the Asia-Pacific economy maintains rapid growth and remains an important driver of the global economy.

Main points of global economic news for June 12, 2026
The headquarters of the Bank of Japan (BoJ) in Tokyo. Photo: AFP/VNA

2. The Bank of Japan should raise interest rates to their highest level in 31 years to curb inflation: According to observers, the Bank of Japan (BoJ) is expected to raise interest rates from 0.75% to 1% during its two-day monetary policy meeting, which ends on June 16. If approved, it would be the highest interest rate in Japan since 1995, as the BoJ continues its efforts to control inflationary pressures. The meeting will be chaired by Vice Governor Shinichi Uchida, as Governor Kazuo Ueda is recovering. The other eight members of the monetary policy council are expected to support this rate hike.

3. The United States does not rule out the possibility of not renewing CUSMA: US President Donald Trump has indicated he may not support renewing the United States-Mexico-Canada Agreement (CUSMA), fueling debate over the future of North America’s main trade deal ahead of its formal review in 2026. Speaking to reporters at the White House, Trump said CUSMA had significantly improved the old North American Free Trade Agreement (NAFTA), but stressed that Washington must reconsider the effectiveness of the agreement given that the United States still runs a trade deficit with Canada and Mexico.

4. United States: The Federal Court of Appeal authorizes the government to reestablish the global customs tariff of 10%: On June 11, the US Federal Court of Appeals extended the temporary stay of a trial ruling regarding the new 10% global tariff imposed by President Donald Trump in February 2026. The ruling allows the US government to to continue to collect this tariff from the three importers who had been exempted the previous week, pending the examination of their appeals.

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Workers pack goods at the Port of Baltimore, Maryland. Photo: Doan Hung/VNA.

5. The ILO on the verge of concluding the first international treaty protecting digital platform workers: Members of the International Labor Organization (ILO) are close to concluding the first international treaty to protect digital platform workers, after negotiators agreed on June 11 on a draft convention on “quality employment in the platform economy.” The eight-page draft requires countries to guarantee the basic rights of platform workers, whether they are considered employees or independent workers, including fair pay and social security.

6. ChatGPT Reaches One Billion Monthly Users Despite AI Concerns: Despite growing public concerns, global use of AI continues to reach record levels. According to the latest estimates from market research firm Sensor Tower, OpenAI’s ChatGPT app will reach one billion monthly active users by May 2026. This success makes ChatGPT the app to reach this milestone the fastest, in just about 3.5 years since its launch in November 2022.

7. The wave of inflation strongly affects American companies: In May 2026, inflation in the United States business sector reached its highest level since late 2022, mainly due to soaring fuel prices amid growing conflict with Iran. Data released on June 11 showed that the producer price index (PPI) increased by 1.1% month-on-month and 6.5% year-on-year. According to the United States Bureau of Labor Statistics (BLS), this is the largest annual increase since November 2022. At the same time, the core PPI, excluding food and energy, increased by 4.9% year-over-year.

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Oil extraction from a well near Williston, North Dakota, USA. Photo: AFP/VNA

8. Goldman Sachs lowers its oil price forecast for 2027 due to weakening demand: Goldman Sachs has just revised downwards its forecasts for the average price of Brent crude oil, bringing it down to $80 per barrel for 2027. This revision is explained by a sharp increase in supply from non-OPEC countries and by China’s energy transition efforts. According to a recent report, the shift to electric vehicles in China has led to a drop of more than 10% in the country’s oil consumption, including gasoline and related products.

9. World Bank: India expected to remain the fastest growing major economy in the world: The World Bank forecasts that India will remain the world’s fastest growing major economy in the 2026-2027 financial year, growing at 6.6%, although lower than the previous year. In its “World Economic Outlook” report, released on June 11, the World Bank indicates that India’s economic activity remains positive thanks to stable domestic demand. Household consumption, particularly in rural areas, remains strong, while urban demand is recovering.

10. The EU could free itself from its dependence on foreign gas by 2040: The European Union (EU) could end its dependence on imported gas by 2040 by accelerating the electrification of its economy, according to the latest report from research organization Strategic Perspectives. This report suggests that large-scale electrification of the heating, transport and industrial sectors could allow the EU to reduce its gas consumption by up to 70% by 2040. By then, gas would only represent around 7% of the mix. European energy.

Source : https://baotintuc.vn/kinh-te/diem-tin-kinh-te-the-gioi-noi-bat-ngay-1262026-20260612202620806.htm