GDP declined at a softer pace of 0.7% year-on-year in the first quarter, improving from the 1.8% contraction logged in...
Latest Global Economic News
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Russia: GDP contracts only mildly in the first quarter -
Saudi Arabia: Oil prices continue to trend higher in June–July on the back of recovering global economic activity Oil prices increased in recent weeks as the ongoing easing of social distancing measures boosted demand prospects, with activity in... -
Brazil: Industrial output grows for first time in four months Industrial output grew 1.4% in month-on-month seasonally-adjusted terms in May, which contrasted April’s 1.5% decrease and marked the first expansion... -
United States: Labor market conditions improve slightly in June Total non-farm payrolls increased by 850,000 in June, a solid reading that beat analysts’ expectations of a 700,000 increase. This... -
Malaysia: Merchandise exports growth eases in May but remains solid Merchandise exports skyrocketed 55.4% year-on-year in USD terms in May, but eased from April’s 71.4% jump. Similarly, exports in ringgit... -
Angola: Central Bank unexpectedly hikes key interest rate to record high in July At its 2 July meeting, the Monetary Policy Committee of the National Bank of Angola hiked the basic reference rate... -
Korea: Inflation moderates in June Consumer prices dropped 0.07% in June over the previous month, swinging from the 0.07% increase logged in May. June’s result... -
Chile: Business confidence dips in June Business confidence dipped to 54.3 in June from May’s 54.9. However, the index remained comfortably above the 50-point threshold, signaling... -
Spain: Housing permits increase in April The Spanish Board of Architects approved 9,175 new construction permits in April, according to data published by the Ministry of... -
Euro Area: Unemployment rate drops in May Labor market conditions in the common currency block improved in May. The number of unemployed people decreased by 306,000, while...