Economic data released for the first quarter revealed divergent performance across major global economies, highlighting uneven recovery patterns following recent global uncertainties.

France reported an economic contraction of 0.1% in the first quarter, marking a slight decline for Europe's second-largest economy. The modest contraction reflects ongoing challenges facing European economies amid various headwinds.

Canada entered a technical recession for the first time since 2020, with the economy experiencing consecutive quarterly declines. The development marks a significant shift for the North American economy, which had previously shown resilience.

In contrast, Indonesia reported surprisingly strong GDP growth that has prompted some analysts to question the accuracy of the data. The Southeast Asian economy's performance stood out as notably robust compared to other regional indicators.

Meanwhile, Japan deployed a record $73.6 billion over the past month to support the yen against the US dollar, representing the largest intervention effort in recent memory as policymakers sought to stabilize the currency.

In China's property sector, a Reuters poll suggests home prices are expected to decline at a slower pace this year, with analysts projecting potential price increases by 2027 as the market gradually stabilizes.