Peru
Peru faces an unexpected technical recession amidst global growth. The economy shrank 0.5% in the first five months of the year, surprising economists and contrasting
June 27, 2023
Peru faces an unexpected technical recession amidst global growth. The economy shrank 0.5% in the first five months of the year, surprising economists and contrasting
Colombia’s manufacturing production contracted 3.4% YoY in May. That follows a 6.4% decrease in the prior month, indicating that the Colombian economy is feeling the
EU leaders aim to revitalize ties with Latin America, countering Russian and Chinese influence, though disputes over Russia’s Ukraine invasion complicate efforts. The EU plans
Nigeria’s monthly inflation rate rose to 22.8% YoY in June from 22.4% in May, a seven-year high in June after president Tinubu removed fuel subsidies
The IMF has approved almost USD 1 bln for Kenya, following its fifth review, stating that the country has met the conditions for continued financing
Ivory Coast has engaged Standard Chartered Plc to help raise over EUR 530 mln in syndicated loans to finance environmental, social, and governance projects. The
Guinea’s inflation slowed to 8% YoY in May from 8.3% in April, with the food index falling to 18.1% YoY, down from 18.9% in April.
Botswana’s president hailed the new De Beers diamond deal as a significant boost for the country’s economy. The deal will see the state-owned diamond trader
In CIS economic data, Uzbekistan’s economic growth reached 5.6% YoY in the first half of 2023, rising from 5.4% during the same period the previous
Russia has terminated the Ukraine grain export deal, which had been operational for roughly a year. This move heightens the uncertainty surrounding global food supplies
Cash remittances in the Philippines increased by 2.8% YoY, reaching USD 2.49 bln in May, up from 2.43 bln in the same month the previous
Nepal’s central bank’s recent report indicates improvements in the country’s current macroeconomic and financial situation, with increased remittance inflows, FX reserves, and a positive balance
The Indian rupee has seemingly found a stable position around 82 per USD. The central bank, which allowed a steep drop in the nominal-weighted currency
China’s economy expanded by 6.3% YoY in Q2 2023, exceeding the 4.5% growth in Q1 but missing the projected 7.3% market estimate. Factors affecting the
Crude oil prices remained above USD 74 per barrel on Tuesday, prompted by signs of tightening US oil supplies. The EIA’s data suggests that US
US treasury secretary Janet Yellen remarked that China’s economic slowdown could create global repercussions but does not expect it to trigger a recession in the