Mexico
Mexico’s economy contracted 0.6% in Q4, marking the first decline since 2021, driven by weak domestic demand and uncertainty over tariffs. A further slowdown is
January 31, 2025
Mexico’s economy contracted 0.6% in Q4, marking the first decline since 2021, driven by weak domestic demand and uncertainty over tariffs. A further slowdown is
Brazil’s central bank raised interest rates by 1 percentage point to 13.25%, signaling another increase at the next meeting. Despite concerns over rising inflation expectations,
Argentina’s economy has performed well under President Milei, but the overvalued peso and capital controls remain key concerns. Relaxing controls and allowing the currency to
Zambia’s annual inflation rate remained at 16.7% in January, unchanged from December, as the effects of drought and currency depreciation begin to subside. Non-food inflation
Nigeria’s central bank is nearing completion in clearing backlogs of unmet foreign exchange obligations, with Governor Olayemi Cardoso promising fresh claims will be settled after
Mali, Niger, and Burkina Faso, under military rule, have left the Economic Community of West African States (ECOWAS), raising concerns about regional stability and trade.
Following the central bank’s monetary easing, 23 Kenyan banks reduced lending and deposit rates to a four-month low. The average lending rate fell to 16.89%
Jordan’s central bank maintained interest rates, supported by strong banking performance and USD 20.8 bln in foreign reserves, enough to cover 8.1 months of imports.
In Kazakhstan, the world’s largest uranium producer, Kazatomprom, has obtained a new license for exploring a new block, the Inkai-Mynkuduk, in Turkestan. The state-owned miner
EU officials are considering resuming purchases of Russian gas, as part of a potential settlement of the war in Ukraine, the Financial Times has reported,
Thailand’s economy is projected to grow 3% in 2025, supported by private consumption, exports, and tourism. Private consumption is expected to rise 3.3% in 2024,
Sri Lanka’s central bank kept the policy rate at 8% in January, signaling no further cuts. Bloomberg economists believe the current rate is appropriate, as
The sharp decline in the Indian rupee is impacting corporate earnings, with companies like InterGlobe Aviation and Maruti Suzuki reporting significant foreign exchange losses. Companies
President Trump’s tariff policy remains unclear, with ongoing debates within his administration. While Trump has threatened tariffs on countries like Mexico, Canada, and China, it’s