The economy plunged 1.6% in quarter-on-quarter seasonally-adjusted terms in the first quarter of 2020, contrasting Q4’s 0.5% increase. The reading...
Latest News
-
New Zealand: Economy contracts at sharpest pace in nearly 30 years on initial lockdown effects -
Indonesia: Central Bank cuts rates in June to support the economy At its 17–18 June monetary policy meeting, Bank Indonesia (BI) cut the seven-day reverse repo rate to 4.25%. The Bank... -
United Kingdom: BoE leaves rates unchanged but boosts bond purchases At its meeting ending on 17 June, the Bank of England (BoE) left the policy rate at a record low... -
Russia: Second estimate confirms slowdown in growth in Q1 amid looming recession ahead The second GDP estimate released by Rosstat on 18 June confirmed that annual growth slowed to 1.6% in the first... -
Taiwan: Central Bank holds rates at record-low level in June At its monetary policy meeting on 18 June, the Board of Directors of Taiwan’s Central Bank unanimously decided to maintain... -
Switzerland: SNB leaves ultra-loose monetary policy in place in June At its meeting on 18 June, the Swiss National Bank (SNB) left its policy rate and the interest rate on... -
Norway: Norges Bank holds rates steady in June At its monetary policy meeting on 18 June, the Executive Board of Norges Bank unanimously decided to hold the sight... -
Brazil: Economy contracts at sharpest pace on record in April Economic activity dropped 9.7% month-on-month in seasonally-adjusted terms in April (March: -6.2% mom) as coronavirus induced social isolation measures continued... -
Guatemala: Economic activity nosedives in April Economic activity in Guatemala contracted 10.2% year-on-year in April, deteriorating from March’s 5.2% fall, amid containment measures to curb the... -
Russia: Industrial output contacts at sharpest rate since September 2009 in May Industrial output dropped 9.6% compared to the same month a year earlier in May, which was a larger contraction than...