The statistical office revised down GDP growth in the first quarter to minus 0.3% seasonally adjusted quarter on quarter (preliminary...
Latest Global Economic News
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Germany: Revised GDP figures show economy entered technical recession in Q1 -
Turkey: TCMB stands pat again in May On 25 May, the Central Bank of the Republic of Turkey (TCMB) kept the one-week repo rate unchanged at 8.50%... -
Korea: BOK holds fire for third consecutive meeting in May At its meeting on 25 May, the Bank of Korea (BOK) kept the base rate unchanged at 3.50% for the... -
Mexico: Merchandise exports decrease in April Merchandise exports declined 2.9% year-on-year in April (March: +3.1% year-on-year). This was largely due to an over-30% fall in oil... -
South Africa: SARB tightens further in May At its 23–25 May meeting, the Monetary Policy Committee of the South African Reserve Bank (SARB) increased the repurchase rate... -
Argentina: Merchandise exports drop at a quicker pace in April Merchandise exports plummeted 29.3% in annual terms in April, following March’s 22.0% plunge. The result marked the sharpest contraction since... -
Poland: Retail sales record lowest growth since February 2021 in April Retail sales expanded 3.4% compared to the same month a year earlier in April, which was a deterioration from March’s... -
Argentina: Economic activity growth improves in March The monthly indicator for economic activity (EMAE) rose 1.3% year on year in March (February: +0.2% yoy). Looking at the... -
Poland: Industrial output falls at sharpest rate since May 2020 in April Industrial output sank 6.4% compared to the same month a year earlier in April, which was a deterioration from March’s... -
Germany: Business confidence falls in May Business confidence fell to 91.7 in May from April’s 93.4, the first decline in seven months. The deterioration in May...