At its 1–2 August meeting, the Monetary Policy Committee (COPOM) of Brazil’s Central Bank (BCB) kicked off its loosening cycle,...
Latest Global Economic News
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Brazil: COPOM kicks off loosening cycle more aggressively than expected in August -
Thailand: Merchandise exports decline in June Merchandise exports fell 6.4% in annual terms in June (May: -4.6% year-on-year). Meanwhile, merchandise imports dived 10.3% in annual terms... -
Greece: Unemployment rate falls in June June’s data pointed to an improvement in the labor market. The number of employed people increased by 32,310 compared with... -
Spain: Retail sales growth speeds up in June Retail sales expanded 6.8% year on year in June (May: +6.6% yoy). Looking at the details of the release, large... -
Saudi Arabia: OPEC output falls to 22-month low in July; crude prices rise at the fastest rate in... The OPEC oil basket traded at USD 80.8 per barrel on average during 1–28 July, a 3-month high and up... -
Chile: Business confidence improves but remains in pessimistic territory in July Business confidence came in at 41.1 in July, up from June’s 39.5. As such, the index remained entrenched below the... -
Chile: Year-on-year decline in economic activity softens in June Economic activity fell 1.0% compared to the same month a year earlier in June, which was a less pronounced drop... -
Dominican Republic: Economic activity tallies slowest expansion since January 2020 in June Economic activity increased 0.1% compared to the same month a year earlier in June, which was markedly below the prior... -
Chile: Copper prices rise in July; copper output falls again in June Copper prices rose in July to average USD 8,477, up from the prior month’s USD 8,397. Moreover, prices traded even... -
Spain: Current account surplus widens in May The current account posted a EUR 4.0 billion surplus in May, improving from the EUR 1.8 billion surplus posted in...