Fiji
Fiji’s annual inflation rate increased to 7.1% in April, driven by rising costs of food and tobacco. Adverse weather and tax increases have pushed up
June 5, 2024
Fiji’s annual inflation rate increased to 7.1% in April, driven by rising costs of food and tobacco. Adverse weather and tax increases have pushed up
Google announced a USD 2 bln investment in Malaysia to establish a data center and cloud facility, expected to create 26,500 jobs and add USD
Trade between Pakistan and Iran dropped to nearly zero for the first 10 months of the financial year 2024, continuing a decade-long decline. This stagnation
Vietnam’s central bank is prepared to defend the Vietnamese dong after it reached a record low. The bank anticipates a reduction in USD demand as
Moldova and Ukraine have reached an informal agreement to ensure continuous natural gas supply to Transnistria, a pro-Russian region, even after the Gazprom PJSC transit
Uzbekistan aims to join the World Trade Organization (WTO) by 2026, ahead of the 14th Ministerial meeting in Cameroon. The Deputy Minister of Justice reported
Israel’s national security adviser expressed doubts about defeating Hamas before the year’s end, highlighting the ongoing challenges in Gaza. The White House has introduced a
Jordan’s economy is attempting to recover from the negative impacts of the Gaza war, which has significantly affected tourism and reduced flight routes to the
Egypt’s trade deficit decreased by 23.2% YoY in March, with a significant reduction in imports. This period saw a financing boost as the IMF approved
Ghana’s central bank is monitoring the upcoming inflation data, hopeful it will allow for a resumption of interest rate cuts. Governor Addison noted the persistence
South Africa’s central bank maintained the benchmark interest rate at 8.25%, in line with expectations post-election. Despite a second month of cooling inflation at 5.2%
The AfDB forecasts modest GDP growth for Tunisia, projecting 2.1% in 2024 and an improvement to 2.9% in 2025. Inflation is expected to decrease from
Zambia is experiencing an acceleration in inflation, now at 14.7% in May, driven by currency depreciation and severe drought impacts. The Zambian economy is expected
Bolivia expects congressional approval for USD 923 mln in foreign credits from institutions like Fonplata, IDB, and the World Bank. Officials emphasized that despite the
Brazil reassigned its ambassador from Israel amid ongoing diplomatic tensions related to Israel’s military actions in Gaza. This move reflects a cooling of relations, following
Jamaica’s GDP grew by 1.9% YoY in Q1 2024, driven by robust external demand, improvements in agriculture, increased alumina production, and rising consumer confidence. This