At its meeting on 26 March, the board of the Czech National Bank (CNB) unanimously decided to slash the two-week...
Latest Global Economic News
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Czech Republic: CNB cuts rates for second time in less than two weeks in March -
United States: Congress approves unprecedented USD 2 trillion coronavirus stimulus deal in March After days of heated negotiations, U.S. policymakers passed a historic stimulus package on 27 March amounting to roughly USD 2... -
Venezuela: Economic depression set to deepen despite government measures to fight Covid-19 On 17 March, a nationwide quarantine was declared by the government to fight the Covid-19 health crisis. Under the restrictions,... -
United Kingdom: Inflation dips in February Consumer prices rose 0.4% month-on-month in February, contrasting January’s 0.3% decline. February’s reading was driven by higher prices for clothing... -
Korea: Government passes supplementary budget and proposes additional emergency spending to combat Covid-19 Policymakers have needed all hands on deck in recent weeks, as the global spread of Covid-19 has weighed heavily on... -
Austria: Industrial production rises sharply in January but outlook is uncertain At the start of the year, Austrian industrial production grew at a four-year high of 4.2% month-on-month, swinging from the... -
Germany: Business sentiment falls to over one-decade low in March German business confidence nosedived more than previously estimated, with the final ifo Business Climate Index release for March showing that... -
Turkey: Business confidence turns pessimistic in March Confidence among Turkish firms turned pessimistic for the first time in six months in March, likely linked to the coronavirus... -
Belgium: Economic sentiment slumps in March as Covid-19 bites The consumer confidence indicator produced by the National Bank of Belgium (NBB) fell from minus 4 in February to minus... -
Japan: Olympics postponed as government eyes urgent fiscal stimulus On 24 March, Prime Minister Shinzo Abe announced the postponement of the Tokyo 2020 Olympic Games until the summer of...