Industrial production collapsed 5.6% year-on-year in June (May: +0.5% yoy). June’s reading marked the worst reading since August 2016. The...
Latest Global Economic News
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Kazakhstan: Industrial output drops at sharpest rate since August 2016 in June -
Angola: Recession deepens in Q1 before full impact of Covid-19 was felt The economy remained in recession in the first quarter, and the downturn is expected to have intensified in the second... -
Singapore: Non-oil exports rebound sharply in June Non-oil domestic exports (NODX) jumped 16.1% year-on-year in June, contrasting May’s 4.6% decline. The result—which benefitted from a strong base... -
Argentina: Inflation plunges to lowest level since September 2018 in June Consumer prices increased 2.24% in June over the last month, after the 1.54% rise logged in May. The sharpest price... -
Nigeria: Central Bank weakens currency again in July The Central Bank of Nigeria (CBN) weakened the official exchange rate for the second time on 7 July amid pressure... -
Philippines: Cash remittances record largest fall on record in April Cash remittances from Overseas Filipino Workers (OFW) fell 16.2% in April, marking the worst reading on record amid a halted... -
Slovakia: Inflation falls to over two-year low in June Consumer prices fell 0.10% in June over the previous month, swinging from the 0.30% increase seen in May. June’s result... -
Guatemala: Economic momentum weakens markedly in Q1 Economic growth eased markedly in the three months ending in March, with GDP expanding a meager 0.7% year-on-year in the... -
Belarus: Economy enters recession in Q2 A preliminary estimate revealed the economy shrank 1.7% in the first half of the year. This followed a 0.2% contraction... -
Euro Area: Inflation rises in June Harmonized inflation rose to 0.3% in June from May’s nearly four-year low of 0.1%, according to a second estimate released...