Iran’s annual inflation climbs to 40.4% in November as food costs bite

Iran's annual inflation jumps to 40.4% in November with vegetables up 7.8% and rural areas hit hardest at 42.6%. Poorest households face 41.7% price rises as cost-control measures falter.

Russian corporate profits down 8%, losses surged by a quarter in 9M25

Russian companies reported profits were down nearly 8% and losses have surged by a quarter in 3Q25 y/y. Financial stress across key sectors in the economy is rising over the first nine months of 2025, according to Rosstat,

Hungarian banking sector resilient, but housing overvaluation poses risks, central bank says

The Hungarian banking system was characterised by ample liquidity and a strong capital position in 1H25 but overvaluation in the housing market poses increasing risks, the MNB said.

Armenia’s economic growth accelerates to 10.5% in September, World Bank says

Sharp upturn in growth driven by manufacturing and metals production.

Russia’s oil and gas revenues fall 35% in November, already hurting the budget

Russia’s oil and gas revenues fall 35% in November to RUB520bn (€5.7bn) Russia’s federal oil and gas revenues are expected to decline by 35% year-on-year in November to RUB520bn (€5.7bn), according to Reuters calculations.

Afghans are the least satisfied in the world with this lives – OWID

Measuring happiness is difficult, but one way to understand how satisfied people are with their lives is to simply ask them, Our World in Data (OWID) reports.

Uzbekistan's 10-month foreign trade expands 21.5% to $66.5bn, exports grow 28% to $29bn

China accounts for fifth of turnover. Trade deficit amounts to $8.5bn.

Boom in India’s credit card spending

India’s credit card spending soared to a record in September 2025, marking a 23% year-on-year rise and a 13% sequential increase.

Russian stocks rally on reports of Trump-backed Ukraine peace plan

Russian equities rallied strongly at the start of trading on November 21 after details of the US 28-point peace plan were released the previous evening. Investor sentiment got a fillip as a possible deal is on the cards.

Foreign M&A bolsters confidence in Vietnam’s industrial and energy sectors

Foreign investors are stepping up their involvement in Vietnman’s industrial and energy sectors, signalling renewed confidence in the country’s manufacturing base and its long-term growth prospects.

Tokyo unveils $136bn stimulus

Japan has approved an economic stimulus package of roughly JPY21.3 trillion ($136bn) in an effort to counter rising living costs and reinforce domestic demand, marking the first major policy initiative under Prime Minister Sanae Takaichi.

Moldova’s industry strengthens through 2025 driven by labour-intensive sectors

Moldova’s industrial output rose 6.2% y/y in 3Q25, the third consecutive quarter of strengthening activity.

IMF warns Montenegro’s economy is weakening after years of strong post-pandemic growth

Growth, which averaged around 9% annually between 2021 and 2023, moderated to 3.2% in 2024 and in the first half of 2025.

Home prices in Hungary set for nearly 29% growth in 2025, central bank says

Hungary's home prices jumped sharply this year, with nationwide growth nearing 24% and Budapest close to 30%, and the government's new home loan scheme will push up prices further.

Turkey world’s 10th most criminalised country, says ranking

Biennial Global Organized Crime Index assesses 193 countries.

Fitch upgrades Turkey’s Ziraat, Vakifbank and TSKB to three notches below investment grade

Says authorities have improved ability to support banking sector in FX in line with sovereign's better reserves position.

European Commission cuts Romania’s growth outlook in half as fiscal tightening weighs on economy

Downward revision reflects Romania’s fiscal slippage in 2024-25 and the subsequent shift to a more contractionary fiscal stance.

S&P upgrades South Africa as Fitch affirms rating and debt peak forecast rises to 77.9%

Korean export slowdown to weigh on economic recovery

South Korea’s economic rebound is set to be held back by faltering overseas demand, according to new analysis by Fitch Ratings, which warns that weaker exports will act as a brake on growth prospects.

Philippine growth slows sharply, but economists anticipate domestic demand to bounce back

The Philippine economy lost momentum in the third quarter, recording a markedly weaker performance than analysts had anticipated.