Remittances totaled USD 5.2 billion in June, reflecting a 15.6% year-on-year increase, following May’s 14.3% year-on-year expansion. On a cumulative...
Latest Global Economic News
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Mexico: Remittances rise in June -
Chile: Economic activity records slowest growth since February 2021 in June Economic activity increased 3.7% in year-on-year terms in June, which was a deterioration from May’s 6.4% increase. June’s outturn marked... -
Colombia: BanRep raises policy rate 150 basis points in June, matching market expectations At its 29 July meeting, the Board of Directors of Colombia’s Central Bank (BanRep) voted to increase the benchmark interest... -
Costa Rica: GDP growth records slowest increase since Q1 2021 in the second quarter Economic growth waned in the second quarter, with GDP increasing 5.4% on an annual basis (Q1: +8.4% year on year).... -
Kazakhstan: Inflation comes in at highest level since September 2016 in July Consumer prices rose 1.10% in July over the previous month, coming in below the 1.60% rise seen in June. July’s... -
Saudi Arabia: GDP accelerates to a fresh over-decade high in Q2 A flash estimate showed that the economy grew 11.8% on an annual basis in Q2—the fastest pace since 2011—thereby confirming... -
Chile: Business confidence decreases in July Business confidence came in at 39.0 in July, down from June’s 42.7. July’s result marked the worst reading since July... -
Dominican Republic: Central Bank continues tightening cycle in July At its 31 July meeting, the Central Bank of the Dominican Republic (BCRD) raised its policy rate by 50 basis... -
Switzerland: KOF Economic Barometer decreases in July The KOF Economic Barometer fell to 90.1 in July from June’s 95.2. July’s result marked the worst performance since July... -
Canada: Economic activity flatlines in May; flash estimate points to mild expansion in June GDP was flat in month-on-month seasonally-adjusted terms in May, which was a deterioration from April’s 0.3% increase but an improvement...