GDP contracted 2.6% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, contrasting the 0.3% expansion recorded in the fourth...
Latest Global Economic News
-
Switzerland: GDP records largest contraction on record in Q1 -
Brazil: Industrial production dives to record low in April Industrial output plunged 18.8% month-on-month in seasonally-adjusted terms in April, a sharper fall than March’s 9.0% drop. Although April’s result... -
Canada: Bank of Canada keeps rates unchanged in June, sustains asset purchasing programs On 3 June, the Bank of Canada (BoC) kept its target for the overnight rate at 0.25%, its effective lower... -
Latvia: Industrial activity drops at sharpest rate since October 2009 in April Industrial output slid 9.2% year-on-year in April (March: -3.5% yoy). April’s figure marked the worst reading since October 2009 and... -
Turkey: Inflation increases in May Consumer prices rose 1.36% from the previous month in May, accelerating from the 0.85% increase seen in April. May’s result... -
Australia: RBA keeps rates at all-time low in June; maintains quantitative easing measures At its monetary policy meeting on 2 June, the Reserve Bank of Australia (RBA) decided to keep the cash rate... -
Czech Republic: GDP falls at sharpest pace in over a decade in Q1 on partial Covid-19 blow The economy contracted 2.0% on an annual basis in the first quarter (Q4 2019: +2.0% year-on-year) as the Covid-19 containment... -
Korea: Second estimate confirms a sharp contraction in the first quarter According to a second GDP release from the Bank of Korea, the economy contracted 1.3% in quarter-on-quarter seasonally-adjusted (qoqsa) terms... -
Mexico: Remittances fall in April as Covid-19 hammers U.S. labor market Remittances totaled USD 2.9 billion in April (March: EUR 4.0 billion), representing a 2.6% drop from the same month a... -
Indonesia: Inflation declines to nearly two-decade low in May Consumer prices rose a seasonally-adjusted 0.07% in May over the previous month, which was below April’s 0.08% increase. May’s result...