On 7 December, Ukraine and the IMF announced a three-year USD 5.5 billion arrangement under the Extended Fund Facility (EFF),...
Latest Global Economic News
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Ukraine: Ukraine nears new IMF deal, boding well for the economic outlook -
Saudi Arabia: Oil prices surge in early January on mounting geopolitical risks Oil prices jumped in the aftermath of the assassination of Iranian Major General Qasem Soleimani by a targeted U.S. drone... -
Uruguay: Contraction in industrial production eases in November Industrial production dropped 1.8% in annual terms in November, a softer contraction than October’s 7.9% plunge. Industrial output excluding refinery... -
United Kingdom: The economy contracts sharply in November According to monthly GDP data released by the Office for National Statistics (ONS), economic activity shrank 0.3% in November over... -
Israel: Exports fall further in December, rounding off a tepid 2019, while imports rebound Merchandise exports fell 2.5% in December in USD terms, following November’s revised 0.4% expansion (previously reported: -1.0% year-on-year). As a... -
Turkey: Current account falls back into deficit in November The current account balance of Turkey swung from a USD 1.0 billion surplus in November 2018 to a USD 0.5... -
Serbia: Inflation climbs higher in December Consumer prices increased 0.5% month-on-month in December, down from the 0.2% rise in November. The reading was driven by a... -
Finland: Current account surplus tightens in November The current account surplus tightened to EUR 0.2 billion in November from a revised EUR 1.0 billion in October (previously... -
Russia: Trade surplus shrinks in November as exports fall at the sharpest pace in over three years Merchandise exports totaled USD 35.4 billion in November 2019, representing a 12.0% year-on-year contraction. November’s result came on the heels... -
Israel: Business and consumer sentiment bounce back in December Confidence among Israeli households improved from minus 14 in November to minus 10 in December. The rise in sentiment was...