The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) plunged 11.5% year-on-year in March (February: -2.4% yoy),...
Latest Global Economic News
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Argentina: Economic activity contacts at sharpest pace since May 2009 in March amid lockdown -
Australia: Retail sales collapse in April amid lockdown Preliminary data shows nominal retail sales in April nosedived at the fastest pace on record amid lockdown. They plummeted 17.9%... -
Poland: Industrial production collapses at record pace in April amid lockdown Industrial output crashed an all-time sharp 24.6% year-on-year in April, following the milder 2.3% drop recorded in March, according to... -
New Zealand: Government approves massive budget stimulus to buttress economy ahead of September elections On 14 May, the government unveiled an NZD 50 billion (USD 30 billion) stimulus package, largely focused on supporting employment... -
India: Government announces fourth lockdown extension and additional stimulus On 17 May, the government confirmed that the national lockdown, which has been in place since 25 March, would be... -
Turkey: Central Bank slashes its policy rate again in May The Central Bank once again cut the one-week repo rate at its 21 May meeting, this time by 50 basis... -
South Africa: SARB further cuts rate to new record low in May On 21 May, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) slashed its main lending rate... -
Japan: Exports fall at fastest pace in over a decade in April Yen-denominated merchandise exports dropped 21.9% year-on-year in April after falling 11.7% in March, largely due to lower machinery and transport... -
Hong Kong: Inflation falls to lowest level since the start of the year in April Inflation came in at 1.8% in April, below March’s 2.3%. April’s result represented the lowest inflation rate since January. The... -
Peru: GDP falls at sharpest rate in 19 years in Q1 Economic activity shrank 3.4% year-on-year in the first quarter of the year, the fastest contraction since Q1 2001, after expanding...