Introduction Argentina and the International Monetary Fund (IMF) are on the brink of a crucial breakthrough, with the IMF announcing that the basis for a staff level agreement regarding the review of Argentina’s $44 billion loan is set to be finalized in the coming days. This development comes as Argentina.

Introduction UBA, a nation once thriving with economic prosperity, is facing significant challenges in its post-pandemic recovery. According to Economy Minister Alejandro Gil, the country’s economic growth is projected to be less than 2% this year, far from the desired rebound after the pandemic’s devastating impact. Despite efforts to reignite.

The European Central Bank (ECB) is gearing up to take significant action in response to the economic challenges faced by the Eurozone. With headline inflation showing signs of cooling and the economy weakening, the ECB looks set to pull the rate-hike trigger during its upcoming meeting on Thursday. The move.

Introduction In a recent statement, a government spokesperson revealed that Japan’s inflation is anticipated to decelerate to approximately 1.5% next year when the impact of one-off factors is excluded. The spokesperson urged the central bank to take action to achieve its long-standing 2% inflation target. As the market speculates on.

In a momentous announcement on Monday, Australia’s Treasurer, Jim Chalmers, revealed that the country has achieved its first budget surplus in 15 years. This landmark achievement is even more significant than initially projected, with the surplus amounting to a little over A$20 billion for the just-ended financial year. The latest.

Introduction In a recent Reuters poll, it was revealed that Mexico’s headline inflation has shown signs of easing in the first half of July. The median forecast of 10 analysts indicates an annual headline inflation of 4.77%, the lowest level since March 2021. Despite the apparent slowdown, both headline and.

Introduction Turkey’s economic landscape has been marred by soaring inflation and a turbulent monetary policy regime. In a bid to address these challenges, policymakers raised interest rates by 250 basis points to 17.5% during their second meeting under the new Governor, Hafize Gaye Erkan. While the move is seen as.

Introduction The Central Bank of Russia surprised the financial markets by raising its key interest rate by 100 basis points, bringing it to 8.5%. The move came on Friday, as the country grapples with inflationary pressures caused by a combination of factors, including a weak rouble, tight labor market conditions,.

Introduction Canadian retail sales fell short of expectations in May, and June’s data indicates a probable stagnation, pointing towards a potential slowdown in the country’s economic growth. This scenario may prompt the Bank of Canada to maintain its current interest rates. Despite a modest 0.2% increase in May, the rise.

Introduction In the week ended July 12, the Federal Reserve’s latest data revealed contrasting trends in the U.S. financial sector. Bank deposits experienced a notable decline, falling by $78.7 billion to $17.289 trillion on a seasonally adjusted basis. However, commercial bank lending saw a modest increase of $2.10 billion, reaching.

In an unexpected move, Russia’s central bank raised its key interest rate by 100 basis points, bringing it to 8.5%. The rate hike, which is higher than anticipated, aims to address the mounting inflationary pressures fueled by a tight labor market and robust consumer demand. Additionally, the devaluation of the.

Introduction South Korea’s export outlook faces a slow and cautious recovery as per the recent report by the Bank of Korea (BOK). Despite expectations of easing sluggishness in the information technology (IT) industry cycle, the rebound in exports is projected to be subdued compared to previous years. This cautious optimism.