Peru
Peru’s economy ministry expects exports will grow by 1.7% in 2023 and 4.9% in 2024, driven by higher volumes in traditional exports, like copper, and
August 9, 2023
Peru’s economy ministry expects exports will grow by 1.7% in 2023 and 4.9% in 2024, driven by higher volumes in traditional exports, like copper, and
Colombian president Petro has proposed a new public transportation subsidy funded by an additional fee on electricity bills, as he aims to make free public
Brazil’s GDP grew by 0.9% in Q2 2023, surpassing market expectations of 0.3% and extending the 1.8% expansion in Q1 2023. The data highlights the
According to Capital Economics, despite concerns about Morocco’s widening budget deficit and high debt-to-GDP ratio, the country’s economic outlook remains relatively positive due to the
Kenya’s inflation rate decreased to 6.7% YoY in August from 7.3% in the prior month, a 16-month low, driven by slower growth in food and
Fitch has affirmed Congo’s rating at CCC+. The rating reflects a range of economic weaknesses, including high government debt, poor governance, and oil dependency. Debt-to-GDP
Following a coup in Gabon, BNP Paribas SA warns that new ethical bonds from Africa may face weak investor demand. The uncertainty has led to
Uzbekistan saw a 0.5% MoM increase in inflation in August, leading to an annual rate of 9% YoY, slightly up from 8.9% YoY in July.
EU’s Borrell stated that a new round of high-level Serbia-Kosovo discussions will occur in Brussels on September 14th. The meeting aims at “finding resolutions for
Kazakhstan’s inflation rate decelerated to 13.1% YoY in August, largely due to base effects. The CPI increased by 0.7% MoM in August. Although the headline
Georgia’s ruling party began moves to impeach President Salome Zourabichvili after she defied a government attempt to ban her from making state visits abroad, including
Azerbaijan has commenced gas supply from its new Absheron gas condensate field. The country’s energy minister, Shahbazov, stated that the annual production of the asset
On the economic front, Russia is hashing out a strategy for countering the capital outflows, with officials disagreeing on the best approach. Governor Elvira Nabiullina
Russia has placed its Sarmat intercontinental ballistic missile on combat alert, bringing a weapon capable of carrying nuclear warheads. Putin revealed the ICBM in a
Pakistan’s inflation rate remained alarmingly high at 27.4% in August, amid an economic recovery guided by a USD 3 bln IMF program. Reforms tied to
Indonesia’s annual inflation rate rose to 3.27% in August from 3.08% in the prior month, mainly driven by a rise in food and transport costs.
China’s central bank announced it will cut the FX reserve requirement ratio (RRR) by 200 bps to 4% starting September 15th. This move aims to
Bangladesh is moving to a uniform exchange rate, allowing the taka to weaken further, from 109.50 taka per USD to 110. This change is part