GDP decreased 2.0% in the first quarter (Q4: 0.0% seasonally-adjusted quarter-on-quarter), marking the worst reading since Q4 2008. Private consumption...
Latest Global Economic News
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United Kingdom: Economy records sharpest contraction since 2008 in the first quarter -
Vietnam: Central Bank cuts rates for second time this year in May On 13 May, the State Bank of Vietnam (SBV) reduced a host of interest rates, with the refinancing rate being... -
Belgium: Industrial production contracts at the fastest pace in over five years in March In March, industrial production contracted 2.8% on an annual- and seasonally-adjusted basis, contrasting a 2.4% expansion in February and marking... -
Romania: Inflation falls to over two-year low in April Consumer prices increased a seasonally-adjusted 0.26% from the previous month in April, below the 0.50% rise recorded in March. The... -
Israel: Exports and imports plummet in April Merchandise exports fell 25.6% in USD terms in April, coming after March’s 31.1% decline, while imports were down 26.3% (March:... -
India: Industrial output contracts at sharpest pace on record in March Industrial output collapsed 16.7% year-on-year in March, according to preliminary figures from Indian authorities, which was worse than market expectations... -
Australia: Business confidence recovers somewhat but remains deeply negative in April The business confidence index produced by National Australia Bank (NAB) rose to minus 45.7 points in April, from record-low minus... -
Malaysia: Industrial output drops at sharpest pace in over a decade in March Industrial production declined 4.9% year-on-year in March, contrasting February’s 6.2% surge. March’s contraction marked the worst reading since September 2009.... -
Costa Rica: Economic activity growth softens in March Economic activity continued to lose steam in March, growing 6.8% in annual terms (February: +7.7% yoy) and marking the weakest... -
Indonesia: Real retail sales contact at sharpest pace since September 2011 in March Retail sales dropped 4.5% in year-on-year terms in March, which was a deterioration from February’s 0.8% decrease. March’s result marked...