Day: April 16, 2025

Peru

Peru’s economy grew 2.7% YoY in February, below the 3.4% consensus. The government still targets 4% growth in 2025, though analysts expect 3%, below 2024’s

Argentina

Paraguay’s central bank raised its 2024 GDP forecast to 4% from 3.8%, citing stronger performance in retail, construction, and meatpacking. Argentina’s recovery is also expected

Brazil

Brazil’s government projects a 0.25% primary surplus in 2025 and expects gross public debt to peak at 84.2% of GDP in 2028 before declining. Markets

Israel

South Africa’s new envoy to the US, Mcebisi Jonas, called the US relationship “crucial” to South Africa’s national agenda, downplaying his past critical remarks about

Nigeria

Nigeria’s annual inflation rose to 24.2% in March from 23.2% in February, marking the first uptick since January’s data rebasing. Monthly inflation hit 1.1%. The

Mozambique

Motorists in Maputo are facing fuel shortages amid a worsening foreign-currency crunch, with long queues forming at stations with available supply. The spread between the

Ghana

Ghana’s controversial anti-LGBTQ bill has returned to parliament with broader backing, including from the main opposition. Public hearings are expected after recess in May. The

Mongolia

Mongolia’s trade surplus narrowed to USD 172 mln compared to USD 649 mln a year ago, official data reported. Exports fell almost a third compared

Kazakhstan

Kazakhstan’s international reserves, including gold and reserves of the National Oil Fund, rose 1.4% in March, and 3.5% over the first quarter of this year,

Georgia

Georgia’s ruling Georgian Dream party is planning to appeal to the Constitutional Court to ban the “collective United National Movement”, an opposition party. This make

Ukraine

Officials from Ukraine and the US will meet all of this week to discuss a potential minerals deal in Ukraine, with President Zelenskiy saying that

Pakistan

Fitch Ratings upgraded Pakistan’s long-term foreign-currency IDR to B- from CCC+, with a Stable Outlook. The upgrade reflects stronger confidence in the government’s fiscal reform

Vietnam

Chinese President Xi Jinping used his visit to Vietnam to urge joint resistance to “unilateral bullying,” in a veiled reference to the US. Although Vietnam

China

China ordered its airlines to halt deliveries of Boeing jets and suspend purchases of US-made aircraft equipment, in retaliation for US tariffs of up to