President Erdogan has warned problem could reach “irreparable proportions”.
FX firepower Erdogan regime has at its disposal declines further, but is still a substantial distance from hitting previous lows.
Romania’s rapidly rising public debt (chart) remained steady through January, ending the month at RON964.4bn (€193.8bn), or 46.8% of GDP, according to data published by the Finance Ministry.
Romania’s foreign trade (chart) deficit widened by 32% year on year in February 2025, reaching €2.74bn, as export volumes declined and imports continued to rise, according to figures published by the National Institute of Statistics.
South Korea's central bank is leaning towards reducing interest rates this April, even as the national currency hits its weakest point since 2009.
Consumer price inflation in India held largely steady in March, following four straight months of decline, as surging gold prices offset stable food costs.
Russia posted a RUB500bn ($5.4bn) federal budget surplus in March 2025 amid falling oil revenues, according to preliminary data from the Ministry of Finance.
Iran, Iraq and Saudi Arabia were responsible for the overall rise in known executions, accounting for 1,380 recorded executions, or 91% of the global total.
Bank Indonesia has assured the public that the recent depreciation of the rupiah will not lead to increased debt burdens or inflationary pressures.
Moldova’s current account deficit (chart) widened by 54% year on year to $2.9bn in 2024, driven primarily by an 18% increase in the trade deficit, which reached $4.7bn, according to data published by the National Bank of Moldova.
Excess lira liquidity in banking system on April 7 turned negative for first time since September.
Hungary's consumer price growth slowed more than expected in March to 4.7% (chart) from 5.6% from the previous month, marking the first decline after five consecutive months of acceleration.
Czech industrial production increased by 1.5% year on year and by 1.7% month on month, returning to mild growth after a series of unconvincing results.
South Korea's financial markets suffered a significant blow, as stocks tumbled over 5.5% on April 7, marking a fourth straight working day of declines.
Indonesia’s footwear and textile sectors are raising alarm over the newly announced import duties by the United States, citing serious risks for local businesses—particularly small and medium-sized enterprises.
Trading was halted for an hour after the index suffered an intraday drop of over 8,000 points. By 11:58am, the KSE-100 had fallen 6,287.22 points, or 5.29%, triggering circuit breakers aimed at curbing panic and allowing investors to reassess
$4.8bn worth sold in two-week period, central bank data shows.
Hungary's industrial output in February plunged to levels last seen during the 2020 Covid lockdowns, with official data showing an 8.0% year-on-year contraction after adjusting for calendar effects and an 8.7% (chart) decline.
The National Bank of Romania is expected to maintain its benchmark interest rate (chart) at 6.5% during its monetary board meeting on April 7, as high internal and external risks prompt caution among policymakers.
Czech consumer prices (inflation) rose by 2.7% year on year and by 0.1% month on month, according to the flash estimate released by the Czech Statistical Office.