Inflation came in at 3.5% in May, which was down from April’s 4.6%. The moderation stemmed from lower price pressures...
Latest Global Economic News
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Belarus: Inflation recedes in May -
Ukraine: GDP declines at a softer pace in the first quarter According to a preliminary estimate, GDP contracted at a slower pace of 10.5% year on year in the first quarter... -
Ukraine: Inflation falls to lowest level since March 2022 in May Inflation came in at 15.4% in May, which was down from April’s 17.9%. May’s figure represented the lowest inflation rate... -
Russia: Central Bank holds policy rate stable, remains hawkish in June At its meeting on 9 June, the Central Bank of the Russian Federation (CBR) held its key policy rate stable... -
Turkey: Industrial activity dips in April Industrial output dropped 1.2% compared to the same month a year earlier in April, which contrasted March’s 0.3% increase. Looking... -
Serbia: Central Bank resumes hiking cycle in June At its 8 June meeting, the National Bank of Serbia (NBS) decided to raise the key policy rate to 6.25%... -
Luxembourg: GDP falls at a more moderate pace in the first quarter GDP slid at a milder rate in the first quarter, contracting 0.4% on an annual basis (Q4 2022: -2.2% year... -
Bulgaria: Economic growth ticks up in Q1 According to a second release, GDP growth improved to 2.3% year on year on a seasonally and working-day adjusted basis... -
Ireland: Harmonized inflation drops to lowest level since January 2022 in May Harmonized inflation came in at 5.4% in May, which was down from April’s 6.3%. May’s reading represented the weakest inflation... -
Euro Area: Eurozone enters technical recession The economy dipped 0.1% from the previous quarter in seasonally adjusted quarter-on-quarter terms in Q1, matching Q4’s 0.1% drop and...