Mexico
Mexico’s government warned President-elect Trump’s 25% tariffs on Mexico and Canada could cost the US economy up to 400,000 jobs and raise consumer prices. The
November 28, 2024
Mexico’s government warned President-elect Trump’s 25% tariffs on Mexico and Canada could cost the US economy up to 400,000 jobs and raise consumer prices. The
The World Bank approved a USD 200 million project to enhance Costa Rica’s social protection system. The funding is a variable-rate loan with a 33.5-year
Colombia’s government announced a 5.6% cut to the 2024 budget, slashing spending by USD 6.4 bln due to lower-than-expected tax revenue. The government is committed
Tanzania held local government elections on Wednesday, which the opposition claims were rigged due to the disqualification of many candidates. President Samia Hassan pledged that
Goldman Sachs forecasts a steep slowdown in South African inflation next year, predicting an average of 3.3%, compared to the 4.2% median estimate from economists
Nigeria’s central bank expects inflation and foreign exchange instability to significantly ease by early 2025. Despite October’s inflation rise to 33.88%, Governor Cardoso reiterated the
Namibia’s planned green bond issuance to fund renewable energy projects has been delayed due to setbacks in an EU initiative to assist developing markets with
Mozambique’s central bank cut its benchmark lending rate by 75 bps to 12.75%, the lowest since December 2020, despite post-election unrest affecting the economy. Annual
Ethiopia and IMF staff reached an agreement on economic policies to complete the second review of its USD 3.4 bln extended credit facility. Subject to
Serbian lawmakers approved the 2025 budget with a deficit set at 3% of GDP. The budget includes wage and pension increases and higher spending on
Tourism between Russia and Kazakhstan is growing, with both countries seeing increasing tourist flows. Kazakh President Tokayev announced that Kazakhstan and Russia are working on
The EBRD expects inflation in Azerbaijan to drop to 3.5% in 2024 from 8.8% in 2023. The current account surplus is forecast to be 8.5%
Ukraine secured a USD 4.8 bln loan from the World Bank, including USD 1.6 bln from the US, to support its social and humanitarian needs.
The Russian ruble dropped nearly 7% to over 110 per USD, its lowest level since the Ukraine invasion, amid increased sanctions and reduced foreign capital
Laos posted a trade deficit of USD 154 mln in September, marking the ninth consecutive month of deficit in 2024. Total trade value for the
China called on the Group of Seven (G7) to stop engaging in geopolitical games and work towards global cooperation based on mutual respect and equality.
Crude oil prices fell to around USD 68/barrel following a surprise rise in US gasoline stocks. Investors are focused on the upcoming OPEC+ meeting, with