The economy contracted 2.0% on an annual basis in the first quarter (Q4 2019: +2.0% year-on-year) as the Covid-19 containment...
Latest Global Economic News
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Czech Republic: GDP falls at sharpest pace in over a decade in Q1 on partial Covid-19 blow -
Korea: Second estimate confirms a sharp contraction in the first quarter According to a second GDP release from the Bank of Korea, the economy contracted 1.3% in quarter-on-quarter seasonally-adjusted (qoqsa) terms... -
Mexico: Remittances fall in April as Covid-19 hammers U.S. labor market Remittances totaled USD 2.9 billion in April (March: EUR 4.0 billion), representing a 2.6% drop from the same month a... -
Indonesia: Inflation declines to nearly two-decade low in May Consumer prices rose a seasonally-adjusted 0.07% in May over the previous month, which was below April’s 0.08% increase. May’s result... -
United Kingdom: House prices fall at fastest rate in over eleven years in May According to the Nationwide Building Society (NBS), house prices in the United Kingdom fell 1.7% month-on-month in May, contrasting April’s... -
Chile: Consumer sentiment plummets to new all-time low in May on Covid-19 fallout The Adimark GfK consumer confidence index fell to 21.2 points in May, from 21.6 points in April, marking a new... -
Chile: Economic activity plunges at the fastest rate on record in April In April, the IMACEC economic activity index sank 14.1% on an annual basis (March: -3.5% year-on-year), marking the largest drop... -
Serbia: Economy loses notable momentum in the first quarter GDP growth waned to 5.0% year-on-year in the first quarter, below the 6.2% expansion logged in the fourth quarter. Household... -
Korea: Exports continue to plummet in May Merchandise exports plunged 23.7% year-on-year in May, less steep than the 24.4% drop recorded in April, totaling USD 34.9 billion... -
Hong Kong: Decline in retail sales softens slightly in April Retail sales fell 37.5% year-on-year in April (March: -44.0% yoy). The result was driven by a more moderate drop in...