According to preliminary data released by the Bank of Korea, the economy contracted 1.4% in quarter-on-quarter seasonally-adjusted (qoqsa) terms in...
Latest Global Economic News
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Korea: Economic output shrinks in Q1 at sharpest pace since 2008 -
Ghana: Growth jumps to over two-year high in Q4 2019; 2020 outlook sours Annual growth accelerated to 7.9% in the fourth quarter of last year, according to national accounts data released by Ghana’s... -
Lithuania: Industrial output dips in March Industrial production fell 1.5% year-on-year in March, contrasting a revised 3.4% expansion in February (previously reported: +2.4% year-on-year). March’s downturn... -
Russia: Industrial production runs out of steam in March Industrial output edged up 0.3% year-on-year in March, slowing markedly from the 3.3% increase in February and marking the weakest... -
Ukraine: NBU axes key policy rate to over six-year low in April At its 23 April monetary policy meeting, the National Bank of Ukraine (NBU) decided to slash the key policy rate... -
Germany: Consumer confidence expected to fall to an all-time low in May The coronavirus pandemic and government containment measures to curb the spread of the virus have dealt a significant blow to... -
Hong Kong: Inflation ticks up in March Inflation increased to 2.3% in March from 2.2% in February. When accounting for the effects of one-off government relief measures,... -
Australia: Retail sales skyrocket on panic buying in March Preliminary data shows nominal retail sales in March surged at the fastest pace on record. They soared 8.2% over the... -
Turkey: Consumer confidence falls in April Turkish households turned more pessimistic in April, likely due to the coronavirus pandemic, with the consumer confidence index dropping to... -
Netherlands: Consumer sentiment records steepest drop in history in April Consumer confidence tanked at the start of the second quarter, with the consumer confidence index falling from minus 2 in...