At its end-May meeting, the Central Bank (BCRD) decided to keep the policy rate at 3.00%. On one hand, a...
Latest Global Economic News
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Dominican Republic: Central Bank keeps rates steady in May -
Korea: Industrial output notches best reading since October 2018 in April Industrial output expanded 12.4% year-on-year in April (March: +4.4% yoy), amid a favorable base effect. The print marked the best... -
Croatia: Industrial output logs best result on record in April Industrial production expanded 17.3% year-on-year in working-day adjusted terms in April (March: +9.9% yoy). April’s reading marked the strongest expansion... -
Cyprus: Economy contracts at milder pace in Q1 A second reading of national accounts data confirmed that the economy shrank at a softer rate of 1.6% year-on-year in... -
Poland: GDP decline moderates in Q1 According to a preliminary estimate, GDP shrank at a more moderate pace of 0.9% year-on-year in the first quarter, following... -
Israel: Bank of Israel leaves policy unchanged in May At its 31 May meeting, the Bank of Israel (BoI) left the policy rate at 0.10%. The decision was driven... -
Slovenia: Economy records best result since Q4 2019 in the first quarter, but remains below pre-pandemic levels GDP rebounded in the first quarter, growing 1.6% year-on-year and contrasting the 4.5% contraction recorded in the fourth quarter of... -
Latvia: Contraction in GDP softens again in Q1 The economy shrank 1.3% year-on-year in the first quarter of 2021, according to detailed national accounts data released on 31... -
Estonia: Economy bounces back to growth in the first quarter of 2021 GDP rose 5.4% year-on-year in the first quarter of 2021, rebounding from the 1.2% drop logged in the prior quarter... -
Turkey: Economy grows at fastest rate in three years in the first quarter Economic growth soared in the opening quarter of the year, with GDP expanding 7.3% in annual terms—the fastest pace in...