Peru
Peru economy grew by 0.3% in April, significantly underperforming expectations, despite the implementation of a second stimulus program. Further economic threats loom from potential El
May 25, 2023
Peru economy grew by 0.3% in April, significantly underperforming expectations, despite the implementation of a second stimulus program. Further economic threats loom from potential El
Colombia has raised its 2023 bond auction target to 34 tln pesos (USD 8.2 bln), up from the previously projected 27 tln. Next year, the
Tanzania projects its budget gap to narrow to 2.7% of GDP in 2023-24, down from 3%. It plans external borrowings of 2.1 tln shillings and
Somalia annual inflation rate rose to a seven-month high of 6.6% in May, driven primarily by significant price increases in tobacco and narcotics. Conversely, food
Nigeria annual inflation rate hit a near 18-year high of 22.4% in May, compared to 22.2% in the prior month, primarily driven by rising food
A timely debt restructuring agreement with creditors is vital for Ghana to reap the anticipated benefits of its program with the IMF, says Stéphane Roudet,
Botswana central bank maintained its benchmark interest rate at 2.65% to support the domestic economy and anchor inflation expectations. The headline inflation rate eased to
Moldova economy shrank by 2.4% YoY in Q1 2023, with reductions in household consumption and gross fixed capital formation, and a negative contribution from net
Mauritius’ central bank held its key interest rate at 4.5%, citing an easing in inflationary pressures, reflecting the coupled effects of falling global commodity prices
In Kosovo, heightened controls have been enforced on its border with Serbia, and cargo traffic has been reduced, resulting from escalating tensions between the two
Kazakhstan industrial production contracted by 1.9% YoY in May, reversing from a 5.7% rise in the prior month, as output fell notably for mining and
Ukraine central bank held its key policy rate steady at 25% to curb high inflation and maintain currency stability. Despite the ongoing full-scale war and
S&P affirmed Vietnam long-term foreign and local currency debt rating at BB+, a notch below investment grade, with a stable outlook. This stable outlook is
Sri Lanka economy contracted 11.5% YoY in Q1 2023, marking the fifth consecutive quarter of contraction amid the country’s severe financial crisis. The industrial sector
The US and Iran are nearing an informal agreement for the release of American prisoners and the eventual curtailment of Iran’s nuclear program. Preliminary agreements