According to a preliminary reading, GDP contracted 1.8% on a seasonally adjusted quarter-on-quarter basis in the third quarter, contrasting the...
Latest Global Economic News
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Ireland: GDP contracts in Q3 -
Russia: Central Bank hikes key rate by more than expected in October At its latest meeting on 27 October, the Central Bank of the Russian Federation (CBR) hiked its key policy rate... -
Mexico: Merchandise exports drop in September Merchandise exports fell 5.1% annually in September, contrasting August’s 3.8% rise. September’s outturn marked the largest fall since August 2020,... -
Brazil: Sentiment deteriorates among consumers and industrial-sector business in October The seasonally adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) declined to 93.2 in October,... -
Poland: Industrial activity falls at sharpest pace since April in September Industrial production dropped 3.1% year on year in September (August: -1.9% yoy). The result marked the worst reading since April.... -
Euro Area: ECB stands pat for first time in 15 months At its 26 October meeting, the European Central Bank (ECB) kept the main refinancing operations, marginal lending facility and deposit... -
Spain: Unemployment rate rises in third quarter of the year The jobless rate rose to 11.8% in Q3 from 11.6% in the second quarter. In absolute terms, the number of... -
Turkey: Tightening cycle continues in October On 26 October, the Central Bank of the Republic of Turkey (CBRT) raised the one-week repo rate to 35.00% from... -
Ukraine: National Bank of Ukraine delivers another drastic rate cut in October At its 26 October meeting, the National Bank of Ukraine (NBU) slashed its key policy rate by 400 basis points... -
United States: Economy records best reading since Q4 2021 in Q3 GDP growth picked up to 4.9% in seasonally adjusted annualized rate terms (SAAR) in the third quarter, from 2.1% in...