Germany deported 36 refugees to the Kurdistan Region via Baghdad International Airport on October 22, marking the second such operation under a recently revealed secret agreement with Iraq's central government.
Annual rise in public debt is expected reach a new record in 2024 of over €28bn, surpassing the €25.9bn net borrowing in the Covid year 2020.
The unemployment level in Slovakia inched down to 3.83% in September. This is down by 0.04 percentage points month on month and by 0.15 pp year on year.
Central bank leaves base rate unchanged at 6.50%, but most analysts expect a rate cut to 6.25% by the end of 2024.
Analysts point to weaker consumption linked to slowdown in nominal wage growth and rebound of inflation.
Slovakia’s gross domestic product growth was revised to 3.3% in the first quarter (up from 2.7%) and to 2% in the second quarter (up from 1.9%) of this year.
The Philippines has reported its largest dollar surplus in nearly four years, highlighting a remarkable recovery in its balance of payments.
ING sees decline as a temporary weakness as investment impulse related to EU funds slowly gains momentum.
Tajikistan remains a country of concern.
Government’s new economic action plan includes measures aimed at stimulating the housing market and addressing the acute housing crisis.
Headline figure reflects year on year increase of $3.5bn, or 7.7%. China stays ahead of Russia as biggest trade partner.
Metrobank Research has projected that declining rice prices will help maintain inflation at a stable 2% for the remainder of the year, enabling the Bangko Sentral ng Pilipinas to consider further interest rate cuts to support economic growth
Uncertainty over the pace of improvement in inflation has increased in light of incoming data, says central bank.
The acceleration comes after two months of easing and is in line with the headline inflation rate.
Consumer prices in Bulgaria rose by 1.2% in September 2024 compared to the same period last year (chart), according to preliminary National Statistical Institute (NSI) data. Month on month, the Consumer Price Index (CPI) decreased by 1%.
Output in Hungary fell 4.1% y/y and 0.5% m/m.
Bangladesh's economic recovery remains sluggish as high inflation, a balance of payments deficit, and persistent financial sector challenges dampen progress, according to the World Bank's latest Bangladesh Development Update.
Analysts now expect the CPI to keep growing until the end of the year, all but preventing the central bank from cutting rates.
Industrial production index plunged by 4.2% y/y, marking one of the most significant annual declines in the past year and a half.
Russian consumer price growth stood at 0.14% week on week from October 1 to 7 (up 0.19% a week earlier), according to RosStat data. The estimates of the Ministry of Economic Development put annual inflation at 8.5% year on year.