According to a third estimate, the Eurozone economy shrank 11.8% in seasonally-adjusted quarter-on-quarter terms in Q2 (previously reported: -12.1% s.a....
Latest Global Economic News
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Euro Area: Third estimate confirms lockdowns struck unprecedented blow to Eurozone economy in Q2 -
Indonesia: Decline in retail sales eases slightly in July but remains marked Retail sales slid 12.3% compared to the same month a year earlier in July, which was a less pronounced drop... -
Costa Rica: Economic activity dives again in June Economic activity decreased 7.4% in year-on-year terms in June, following May’s 7.2% drop, according to the Central Bank of Costa... -
Brazil: Inflation hits four-month high in August Consumer prices rose a seasonally-adjusted 0.24% in August over the previous month, which was below July’s 0.36% increase, marking the... -
Mexico: Inflation rises again in August Consumer prices rose 0.39% in August over the previous month, which was below the 0.66% increase logged in July. August’s... -
Ukraine: Inflation hits highest level since January in August Consumer prices fell 0.20% in August over the previous month, a more moderate decrease than July’s 0.60% fall. August’s result... -
Canada: Housing starts surge August Housing starts increased to 262,387 units on a seasonally-adjusted annualized rate (SAAR) basis in August—the highest reading since September 2007—according... -
Canada: Bank of Canada keeps rates unchanged in September, continues with asset purchasing program On 9 September, the Bank of Canada (BoC) kept its target for the overnight rate at 0.25%, its effective lower... -
Russia: GDP plunges in Q2 as Covid-19 hammers activity According to a second estimate released by Rosstat on 9 September, GDP plunged 8.0% year-on-year in the second quarter. Although... -
Latvia: Consumer prices drop in August Consumer prices declined 0.55% in August over the previous month, contrasting July’s 0.28% rise. August’s reading marked the first drop...