The economy worsened in the second quarter, with GDP contracting 5.3% on an annual basis (Q1: +3.0% year-on-year) due to...
Latest Global Economic News
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Indonesia: GDP records first contraction since Asian financial crisis in Q2 -
Malaysia: Merchandise exports rebound in June Merchandise exports soared 6.1% in annual and USD terms in June, rebounding solidly after May’s 28.6% dive amid the global... -
Sweden: Preliminary data shows economy slumped at record pace in Q2 The economy contracted 8.6% in the second quarter of 2020 from the previous quarter in seasonally-adjusted terms, contrasting the 0.1%... -
Panama: Economic activity falls at record rate in May Economic activity sank 40.9% in year-on-year terms in May, which was a deterioration from April’s 34.7% decrease and marked the... -
Romania: NBR cuts rates in August In a meeting held on 5 August, the National Bank of Romania (NBR) cut the policy rate by 25 basis... -
Brazil: COPOM axes SELIC rate to new record low in August At its 4–5 August meeting, the Central Bank of Brazil’s Monetary Policy Committee (COPOM) unanimously voted to cut the benchmark... -
Philippines: Exports fall at slower pace in June Merchandise exports plummeted 13.3% year-on-year in June (May: -26.9% yoy). June’s reading marked the smallest contraction in three months, after... -
Luxembourg: Harmonized inflation returns in July Consumer prices dropped a seasonally-adjusted 0.49% over the previous month in July, swinging from June’s 0.49% rise. July’s reading largely... -
Switzerland: Consumer confidence remains in negative territory in Q3 According to an early release of Q3 data from the State Secretariat for Economic Affairs (SECO), Swiss consumer sentiment came... -
Australia: RBA keeps rates at all-time low in August; announces further purchases of government bonds At its monetary policy meeting on 4 August, the Reserve Bank of Australia (RBA) decided to keep the cash rate...