A second estimate confirmed that GDP fell 3.3% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, contrasting the 0.2%...
Latest Global Economic News
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Portugal: GDP records sharpest contraction since Q2 2020 in the first quarter -
Netherlands: Business confidence picks up in May Business confidence came in at 8.8 in May, up from April’s 6.5. May’s result marked the strongest sentiment since May... -
Austria: Consumer confidence hits highest reading since August 2019 in May Consumer confidence came in at minus 2 in May, up notably from April’s minus 8. May’s result marked the best... -
Dominican Republic: Central Bank keeps rates steady in May At its end-May meeting, the Central Bank (BCRD) decided to keep the policy rate at 3.00%. On one hand, a... -
Korea: Industrial output notches best reading since October 2018 in April Industrial output expanded 12.4% year-on-year in April (March: +4.4% yoy), amid a favorable base effect. The print marked the best... -
Croatia: Industrial output logs best result on record in April Industrial production expanded 17.3% year-on-year in working-day adjusted terms in April (March: +9.9% yoy). April’s reading marked the strongest expansion... -
Cyprus: Economy contracts at milder pace in Q1 A second reading of national accounts data confirmed that the economy shrank at a softer rate of 1.6% year-on-year in... -
Poland: GDP decline moderates in Q1 According to a preliminary estimate, GDP shrank at a more moderate pace of 0.9% year-on-year in the first quarter, following... -
Israel: Bank of Israel leaves policy unchanged in May At its 31 May meeting, the Bank of Israel (BoI) left the policy rate at 0.10%. The decision was driven... -
Slovenia: Economy records best result since Q4 2019 in the first quarter, but remains below pre-pandemic levels GDP rebounded in the first quarter, growing 1.6% year-on-year and contrasting the 4.5% contraction recorded in the fourth quarter of...