New orders expand “at near-record pace”.
Regulator says inflation could exceed 13%-15% forecast for this year and only begin slowing in the first quarter of 2023.
Revenues expand 17% y/y to GEL3.4bn while expenses move up 39% y/y to GEL 2.36bn.
But trade deficit widened by 19% y/y to $609mn in the month.
Pockets of weakness persist in emerging markets where real interest rates are deeply negative – and risks for those countries are rapidly mounting.
Recovery continues after period of disruption caused by the outbreak of war in Ukraine and subsequent imposition of sanctions on Russia
The Kazakh manufacturing sector signalled a return to growth in May following a period of disruption caused by the outbreak of war in Ukraine and subsequent imposition of sanctions on Russia, according to the latest purchasing managers' index