Wells Fargo strategist Brendan McKenna anticipates that emerging-market currencies will outshine their developed-market counterparts, driven by enticing valuations. Mckenna noted that Latin American currencies would
In the Dominican Republic, the annual inflation rate softened for the fourth consecutive month to 5.2% in April, marking the lowest reading since October 2020.
Colombia’s trade deficit declined to USD 1.4 bln in March, down from USD 2.1 bln in the same month of the prior year. Imports contracted
South Africa unemployment rate has risen for the first time in over a year, driven by more people seeking employment and power cuts discouraging investment
Tunisia economy witnessed a YoY growth of 2.1% in Q1 2023, outpacing the prior quarter’s revised 1.7% increase. This growth was driven primarily by a
Serbia central bank has attributed the appreciation pressure on the Serbian dinar (RSD) to rising exports, robust FDIs, and tourism revenues. To curb the dinar’s
The EBRD also released its growth forecast for Kyrgyzstan, which it predicts will experience a 7.0% growth this year and 7.2% next year. In the
Kazakhstan GDP growth quickened to 5% YoY from January to April, following a 4.9% growth in Q1 2023. The data suggests a continued acceleration, projecting
Ukrainian prosecutors have detained the head of the Supreme Court, Vsevolod Knyazev, following an investigation that unveiled extensive corruption within the top judicial body. Knyazev
Pro-royalist members of Thailand upper house face growing pressure to support Pita Limjaroenrat, leader of Move Forward, as the nation’s next premier. Despite pro-democracy parties’
Pakistan army declared it will no longer exhibit “restraint” with groups attacking its property, promising action against those involved in protests following the arrest of
Moody’s expects Malaysia central bank to continue hiking interest rates following an ongoing heatwave exacerbating food price pressures. The bank has already unexpectedly raised its
Chinese data showed a sluggish recovery with the youth unemployment rate hitting a record 20% in April. Industrial output and retail sales showed modest growth,
