Day: August 28, 2024

Malaysia

Malaysia’s economy is expected to continue expanding in the coming months for further growth, with the Leading Index (LI) rising by 3.5% YoY in June.

Sri Lanka

Bloomberg analysts noted that Sri Lanka’s economic recovery is gaining momentum with support from the IMF, which disbursed USD 330 mln in loans in June,

Vietnam

The World Bank raised its forecast for Vietnam’s economic growth in 2024 to 6.1%, up from an earlier projection of 5.5%. The Bank anticipates growth

Ukraine

Ukraine reported that Russia launched over 100 missiles and numerous drones at Ukrainian cities on Monday, targeting the country’s energy infrastructure. This large-scale attack resulted

Armenia

Armenia’s economic activity growth moderated to 6.2% YoY in July 2024, down from 7% in June. This slowdown reflects less robust service performances excluding trade,

Angola

Angola will sell a 15% stake in Banco de Fomento Angola (BFA) via an IPO. The stake is currently owned by the state through telecommunications

Libya

Libya’s eastern government announced a shutdown of crude production and exports, escalating a dispute with its Tripoli-based rival over control of the central bank and

Mauritius

Mauritius reported a slight narrowing of its trade deficit in Q2 2024, decreasing 1% YoY to 47.1 bln rupees, driven by a rise in shipping

Nigeria

Nigeria’s GDP growth accelerated to 3.19% YoY in Q2 2024, up from 2.98% in Q1, boosted by increased crude production despite the naira’s devaluation. President

South Africa

South Africa plans to set up a body to oversee raising USD 18 bln that it estimates it needs to repair and upgrade the country’s

Brazil

Brazil’s current account deficit widened to USD 5.2 bln in July 2024, from USD 3.6 bln a year earlier, the largest deficit in seven months,

Dominican Republic

The Dominican Republic’s financial sector saw notable capital inflows as of March, with a regulatory solvency index of 17.6% for financial intermediation entities, well above