According to a preliminary reading, GDP collapsed 18.9% year-on-year in the second quarter, more severely than the 1.4% contraction tallied...
Latest Global Economic News
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Mexico: GDP contracts at record pace in Q2 as Covid-19 ravages activity -
Hong Kong: Decline in retail sales softens in June Retail sales fell 25.4% compared to the same month a year earlier in June, which was markedly softer than May’s... -
Switzerland: Economic sentiment improves in July, remains pessimistic The KOF economic barometer—a leading composite indicator for the Swiss economy—rose to 85.7 in July from June’s 60.6, the strongest... -
Kenya: Inflation falls to lowest level in ten months in July Consumer prices increased 0.08% in month-on-month seasonally-adjusted term in July, swinging from June’s 0.31% fall. July’s reading largely reflected higher... -
United States: Consumer confidence falls in July The Conference Board’s consumer confidence index decreased to 92.6 in July from 98.3 in June. Therefore, the index fell further... -
Taiwan: Economy records sharpest contraction in over a decade in Q2 According to a preliminary reading, GDP dropped 0.6% year-on-year in the second quarter, contrasting the 2.2% expansion tallied in the... -
Vietnam: Industrial output growth slows in July Industrial output grew 1.1% year-on-year in July (June: +7.2% yoy). Looking at the details of the release, manufacturing production softened... -
Australia: Annual consumer prices fell for first time since 1998 In the second quarter of 2020, consumer prices dived 1.9% over the previous quarter swinging from a 0.3 % increase... -
Spain: Decline in retail sales softens in June as businesses continue to reopen Retail sales fell 3.3% compared to the same month a year earlier in June, far less sharply than the 20.1%... -
France: Consumer confidence remains in negative territory in July Consumer confidence index fell to 94 in July from June’s 96, according to the Statistical Institute (INSEE). Consequently, the index...