According to a flash release, the economy contracted 0.5% on an annual basis in the second quarter, which was a...
Latest Global Economic News
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Poland: GDP records sharpest contraction since Q4 2020 in Q2 2023 -
Romania: Economic growth slows more than expected in Q2 According to a preliminary estimate, growth slowed in the second quarter, coming in at 1.1% on an annual basis (Q1:... -
Indonesia: Merchandise exports drop in July Merchandise exports dived 18.0% in annual terms in July, following June’s 21.2% dive. Meanwhile, merchandise imports decreased 8.3% over the... -
Netherlands: GDP declines again on a sequential basis in Q2 The economy contracted 0.3% on a seasonally adjusted quarter-on-quarter basis in Q2, following the first quarter’s 0.4% contraction. Household spending... -
Uruguay: Central Bank cuts policy rate more than expected in August On 15 August, the Monetary Policy Committee of the Central Bank of Uruguay (BCU) reduced its policy rate by 75... -
Canada: Inflation overshoots market expectations in July Inflation rose to 3.3% in July, above June’s 2.8%. The reading was primarily due to a less favorable base effect... -
China: Housing market weakens further in July In January–July, the contraction in property investment steepened to 8.5% year on year from 7.9% in January–June. Indicators for commercial... -
Israel: Inflation moderates more than anticipated in July Inflation came in at 3.3% in July, which was down from June’s 4.2%. July’s result represented the weakest inflation rate... -
China: Industry, investment and retail data disappoints in July Industrial output expanded 3.7% year on year in July (June: +4.4% yoy). July’s weakening was driven by decelerations in manufacturing... -
United States: Retail sales growth picks up pace in July Retail sales expanded 0.7% month-on-month in seasonally-adjusted terms in July (June: +0.3% mom). The result marked the best reading since...