Sentiment among Turkish businesses rose to 76.9 in May from April’s over one-decade low of 66.8. The uptick in May...
Latest Global Economic News
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Turkey: Business confidence improves in May amid easing of lockdown measures -
India: Reserve Bank of India slashes rates at unscheduled May meeting In an unscheduled monetary policy meeting ending on 22 May, which replaced the meeting scheduled to end on 5 June,... -
Japan: Core consumer prices decrease in April for the first time in over four years The core consumer price index, which excludes the price of fresh food, decreased 0.5% month-on-month in seasonally-adjusted terms in April,... -
Lithuania: Industrial output contracts at the sharpest rate in over six years in April Industrial production dived 10.9% year-on-year in April, worsening from the previous month’s 1.1% drop and marking the sharpest contraction since... -
Argentina: Economic activity contacts at sharpest pace since May 2009 in March amid lockdown The monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) plunged 11.5% year-on-year in March (February: -2.4% yoy),... -
Australia: Retail sales collapse in April amid lockdown Preliminary data shows nominal retail sales in April nosedived at the fastest pace on record amid lockdown. They plummeted 17.9%... -
Poland: Industrial production collapses at record pace in April amid lockdown Industrial output crashed an all-time sharp 24.6% year-on-year in April, following the milder 2.3% drop recorded in March, according to... -
New Zealand: Government approves massive budget stimulus to buttress economy ahead of September elections On 14 May, the government unveiled an NZD 50 billion (USD 30 billion) stimulus package, largely focused on supporting employment... -
India: Government announces fourth lockdown extension and additional stimulus On 17 May, the government confirmed that the national lockdown, which has been in place since 25 March, would be... -
Turkey: Central Bank slashes its policy rate again in May The Central Bank once again cut the one-week repo rate at its 21 May meeting, this time by 50 basis...