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The central bank raised its short-term policy rate to levels not seen since 2008, defying market expectations
Germany, Eurozone's biggest economy, unexpectedly contracted 0.1 percent in Q2
This week, the U.S. Federal Reserve, the Bank of Japan and the Bank of England are holding monetary policy meetings
The Ethiopian central bank has floated the birr, a crucial step for securing IMF support and progressing its debt restructuring
The U.S. eclipsed the $34 trillion threshold in early January 2024
U.K. retailers expect the decline in orders to continue next month at a broadly similar pace
Malaysia's bid to join BRICS was a key agenda item in India's PM's meeting with the Russian Foreign Minister
The solid growth is driven by resilient consumer spending and business investment
Exports reached €19.8 billion ($21.5 billion), mainly due to increased prices of olives and olive oil
Job numbers at manufacturing firms were stable in July, ending a 21-month sequence of decline
The country’s birth rate hit a record low of 730,000 in 2023, while deaths reached a record high of 1.58 million
Central bank issued $27.5 billion in one-year loans under its medium-term lending facility operation at 2.30 percent
"India's economic growth continues to be the shining exception and will remain so in the years ahead," the minister said
The highest ratio of government debt to GDP in the euro area was in Greece at 159.8 percent
One-year loan prime rate (LPR) declined to 3.35 percent, while the five-year LPR was reduced to 3.85 percent
The Bank of England's interest reached a 16-year high of 5.25 percent in August 2023
Core U.S. retail sales rose 0.9 percent in June after a 0.4 percent unrevised gain in May
However, the IMF has slightly lowered its 2025 growth forecast to 2.2 percent
The Fund expected consumption boost from wage increases
Retail sales rose 2 percent in June, slowing significantly from a 3.7 percent expansion in May
Real GDP grew by 1.1 percent in 2023, supported by net exports, while consumption remained weak
IMF urges the U.S. government to reduce its high fiscal deficit and put debt on a downward trajectory
The BLS data also showed that consumer prices fell by 0.1 percent on a monthly basis
In 2023, wealth growth across the world has recovered from its 3 percent contraction the previous year
