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Morocco’s central bank has reduced its benchmark interest rate by 25 bps to 2.25%, marking the second consecutive cut. This adjustment aligns with expectations of moderate inflation and aims to …
Morocco’s Central Bank Lowers Key Interest Rate to Stimulate Growth Read More
Nigeria’s food import spending rose to $1.87 billion in the first nine months of 2024, a $235.11 million increase from the same period in 2023. Significant fluctuations in foreign exchange …
Nigeria’s Escalating Food Import Expenditures Amidst Inflation Challenges Read More
Egypt announced a historic primary surplus of LE 330 billion, with a 38.4% increase in tax revenues compared to the previous year. Spending in health and education rose 29% and …
Egypt Achieves Record LE 330 Billion Surplus with Significant Revenue Growth Read More
Oil prices rose slightly on Tuesday, influenced by instability in the Middle East and China’s economic stimulus measures. Brent futures reached $71.24 a barrel while West Texas Intermediate crude rose …
Oil Prices Rise Amid Middle East Tensions and Chinese Economic Stimulus Read More
Chile’s economy grew by 4% year-on-year in Q4 2024, the highest since Q2 2022, surpassing forecasts of 3.7%. Key sectors like mining expanded by 7.3%, while domestic demand also rebounded. …
Chile’s GDP Growth Exceeds Expectations in Q4 2024 Read More
The Indian Rupee has achieved a five-day winning streak against the US Dollar, closing at 86.57. This trend is supported by a decline in the Dollar index and a significant …
Indian Rupee Strengthens Against Dollar Amid Market Dynamics Read More
The South African rand appreciated by 0.4% to 18.0175 against the dollar, bolstered by gold prices hitting a record high of $3,018.66. Analysts anticipate that this increase may incentivize local …
South African Rand Strengthens as Gold Prices Achieve Historic High Read More
The September 2024 Togo Economic Outlook examines growth prospects and poverty reduction efforts, emphasizing the resilience of the economy amidst climate change challenges. It highlights the importance of agroforestry, ongoing …
Togo Economic Update: Building Resilience in September 2024 Read More
Peru’s economy is projected to grow 4% in January 2024, according to central bank chief economist Adrian Armas. This forecast is consistent with analyst predictions, coming before the official monthly …
Peru Central Bank Projects 4% Economic Growth in January 2024 Read More
The OECD has downgraded its global growth forecast for 2025 and 2026, reducing the 2025 estimate to 3.1% from 3.3%. This change is largely attributed to tariffs initiated by President …
OECD Lowers Global Growth Forecast Amid Concerns of US Tariffs Read More