GDP shrank 0.9% year-on-year in the first quarter as the Covid-19 outbreak and restrictions to curb its spread started to...
Latest Global Economic News
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Greece: Economy shrinks in first quarter on initial Covid-19 impact -
Ukraine: Ukraine reaches staff-level agreement with the IMF in May On 21 May, the IMF announced a staff-level agreement for an 18-month USD 5.0 billion loan to Ukraine under a... -
Peru: Exports fall at record pace pushing trade deficit to over six-year high in April Merchandise exports nosedived 56.4% over the same month last year in April (March: -29.6% year-on-year), marking the worst reading on... -
Switzerland: Consumer prices post greatest drop since January 2016 in May Consumer prices ticked up 0.04% from the previous month in May, swinging from April’s 0.36% fall. The rebound was broad-based... -
Peru: Business sentiment ticks up in May, remains deeply pessimistic Business confidence edged up in May to 14.0, pulling away from April’s record low of 9.1 points as firms reacted... -
Cyprus: Consumer prices fall again year-on-year in May Consumer prices fell 0.1% from the previous month in May, following April’s 1.5% drop. May’s dip was mainly driven by... -
Ecuador: Inflation falls at sharpest rate in six months in May Consumer prices fell 0.26% over the previous month in May, contrasting the 1.00% rise seen in April. May’s result marked... -
Euro Area: Unemployment rate rises modestly in April amid massive short-time work schemes and as people held off... Labor market conditions in the common currency bloc worsened sharply in April, the second month when COVID-19 containment measures were... -
Australia: Combination of bushfires, drought and Covid-19 hits the economy hard in Q1 A severe bushfire season coupled with a prolonged drought and lockdown measures to combat the coronavirus pandemic hit the economy... -
Israel: Composite State of the Economy Index falls at sharpest pace since October 2001 in April The Bank of Israel’s Composite State of the Economy Index dropped 0.33% month-on-month in seasonally-adjusted terms in April. The result...