The economy slid deeper into recession in the first quarter, contracting 2.0% over the previous quarter at a seasonally-adjusted annualized...
Latest Global Economic News
-
South Africa: Economy sinks deeper into recession in Q1 -
Dominican Republic: Central Bank leaves monetary policy unchanged in June amid sliding currency At its end-June meeting, the Central Bank (BCRD) left its monetary stance unchanged for the third straight meeting, after substantial... -
UAE: Economy contracts in Q1 2020 on non-oil sector downturn According to preliminary data released by the Central Bank of UAE (CBUAE), GDP fell 1.0% in year-on-year terms in the... -
Kenya: GDP growth slumps to over two-year low in Q1 GDP growth slowed to 4.9% year-on-year in the first quarter, down from 5.5% in the fourth quarter of last year,... -
Kenya: Inflation falls to lowest level since September 2019 in June Consumer prices fell a seasonally-adjusted 0.31% in June over the previous month, swinging from the 0.63% rise logged in May.... -
Chile: Business confidence picks up in June Business confidence came in at 37.3 in June, up from May’s 34.3. As a result, the index remained entrenched below... -
Saudi Arabia: GDP contracts in Q1 at the sharpest pace in over two years The economy contracted for the third consecutive quarter in Q1 and at the sharpest pace since December 2017 as a... -
United States: Home price growth slows in April The S&P/Case-Shiller 20-city composite home price index—excluding Detroit due to reporting delays—eased to 0.9% month-on-month in April, down from March’s... -
Hong Kong: Decline in retail sales softens slightly in May Write intro here Retail sales fell 33.9% year-on-year in May (April: -37.5% yoy). The result was driven by a more... -
Korea: Forward-looking manufacturing business confidence ticks up in July The Bank of Korea’s forward-looking business confidence indicator for manufacturers increased to 51 in July from 49 in June. Moreover,...