Brazil
Brazilian economists raised forecasts for the Selic rate to 12.25% by December 2026 and inflation to 5.08% for December 2025. The upward revision reflects a
January 21, 2025
Brazilian economists raised forecasts for the Selic rate to 12.25% by December 2026 and inflation to 5.08% for December 2025. The upward revision reflects a
South Africa may regain its investment-grade credit rating within two years, according to Finance Minister Enoch Godongwana. The country lost its investment-grade rating in 2020
Mauritius and the UK have drafted an agreement giving Mauritius control over the Chagos archipelago, pending US approval. The deal allows the UK to maintain
Kenya’s economy is projected to grow by 5.3% in 2025, up from 4.6% in 2024. Growth will be driven by improved agricultural output due to
Ethiopia’s GDP dropped by 51.7% following the introduction of a market-driven foreign exchange regime in July 2024. The regime aimed to address foreign currency shortages,
Jordan’s tourism revenue in 2024 reached JOD 5.13 bln (USD 7.24 bln), marking a 2.3% decline from the previous year. The number of tourists decreased
Uzbekistan’s inward money transfers reached USD 14.8 bln in 2024 according to the central bank, an increase of 30% compared to the previous year. Of
Border delineation between Tajikistan and Kyrgyzstan is expected to be “settled by the end of January”, according the Kyrgyz Deputy PM Tashiev. He added that
Full production has resumed at Azerbaijan’s Shah Deniz gas field, following a week of closure due to an unnamed technical issue. This had caused supply
The World Bank downgraded its forecast for growth in Ukraine, to 2.00% YoY in 2025, down from its previous forecast in June of 6.5%. However
The Philippines plans to raise USD 3.5 bln through global bond sales this year, primarily in USD. The government is in talks with eight banks
The Indian rupee hovered near its record low of 86.6 per USD in January due to slower economic growth and calls for softer monetary policy
China’s offshore yuan weakened to 7.28 per USD after a short-lived gain, as the US dollar rebounded. Trump’s proposed tariffs on Mexico, Canada, and China,
Crude oil prices rose to USD 76.7 per barrel after President Trump’s inauguration and plans for 25% tariffs on imports from Mexico and Canada. Trump
US 10Y treasury yields dropped to 4.54%, a multi-week low, following President Trump’s decision not to impose new tariffs on his first day in office.