Exports collapsed 40.9% year-on-year in April as Covid-19 took its toll, following March’s 1.6% slip and marking the steepest fall...
Latest Global Economic News
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Mexico: Exports crumble at record pace in April on Covid-19 hit -
Belgium: Economic sentiment improves in May The consumer confidence indicator produced by the National Bank of Belgium (NBB) rose from minus 26 in April to minus... -
Poland: Business sentiment recovers some lost ground but remains abysmal in May Manufacturing-sector business confidence recovered some lost ground in May, although it remained deeply entrenched in pessimist terrain due to measures... -
Hungary: Economic sentiment improves in May amid easing of lockdown measures The GKI economic sentiment index, a composite indicator, rose to minus 28.1 in May from minus 33.1 in April, which... -
Taiwan: Industrial output expands for third month in a row in April Industrial output rose 3.5% in year-on-year terms in April, which followed March’s revised 11.2% increase (previously reported: +10.4% year-on-year). April’s... -
Nigeria: Economic growth eases to one-and-a-half year low in Q1 Economic activity lost steam in the first quarter, with GDP increasing 1.9% (Q4 2019: +2.6% year-on-year). Q1’s outturn marked the... -
Israel: Bank of Israel keeps rates unchanged in May At its 25 May meeting, the Bank of Israel (BoI) left the policy rate at 0.10%, following a 0.15 percentage-point... -
Israel: GDP records largest drop on record in Q1 GDP fell 7.1% in the first quarter, contrasting the 4.6% expansion recorded in the fourth quarter, amid lockdowns at home... -
Poland: Retail sales contract at sharpest pace on record in April Retail sales nosedived 22.6% year-on-year in April amid lockdown (March: -7.0% yoy), marking the steepest fall on record. Looking at... -
Thailand: Merchandise export growth slows in April Thai merchandise exports growth moderated to 2.1% year-on-year in April, from March’s 4.2% increase, likely influenced by the Covid-19 pandemic...