India
India’s trade deficit expanded to USD 23.8 bln in May as imports surged due to robust domestic demand, despite the economy growing by over 8%
June 19, 2024
India’s trade deficit expanded to USD 23.8 bln in May as imports surged due to robust domestic demand, despite the economy growing by over 8%
Following the IMF’s Article IV consultation with Indonesia, the outlook for the Indonesian economy remains positive, with projected growth rates of 5.0% in 2024 and
Pakistan is increasing electricity prices by an average of 20% to strengthen its bid for a new IMF loan while reducing tariffs for industries to
Russia called for the withdrawal of Ukrainian forces from Donetsk, Luhansk, Kherson, and Zaporizhzhia as conditions for peace talks, coupled with Ukraine relinquishing its aspirations
Russia’s inflation hit 8.3% YoY in May, marking the highest rate in over a year and putting pressure on the central bank for potential rate
Serbia is considering allowing Rio Tinto, a USD 2.4 bln project halted in early 2022 due to environmental protests, to resume preparation for a lithium
Despite a decrease in annual inflation to 23.1% in May, Ghana’s monthly inflation rate reached a 10-month high due to the cedi’s rapid depreciation, which
Kenya’s remittance inflows rose to USD 404.4 mln in May, marking an increase of 14.9% YoY, although this is a slowdown from April’s 24% growth.
Nigeria’s inflation rate reached a 28-year peak at 33.95% YoY in May, fueled by rising costs in food (40.6% YoY), housing, and transportation, reflecting the
The EU is considering doubling its funding to EUR 40 mln for Rwandan forces combating Islamic State-linked insurgents in Mozambique. This support is crucial for
President Cyril Ramaphosa of South Africa was re-elected for a second term, leading a new coalition government. This election marked a significant shift in South
Fitch affirmed Tanzania’s rating (IDR) at ‘B+’ with a Stable Outlook, citing relatively strong GDP growth, moderate government debt levels, and low inflation. Fitch forecasts
The IMF executive board approved the sixth review of Costa Rica’s EFF, providing around USD 272 mln. An additional USD 243 mln was made available
Peru’s economic activity rose by 5.28% YoY in April, surpassing the forecasts of around 4% set by both the finance ministry and central bank, indicating