Pakistan’s finance ministry anticipates inflation to ease further in August, following a predicted range of 12%-13% in July. This forecast comes after inflation peaked at over 30% in 2023, slowing to 12.6% in June. The …
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Germany Unveils €20.9 Billion Tax Relief Package to Boost Economy
Germany’s cabinet has approved a substantial tax relief package aimed at stimulating the country’s sluggish economy. The package, part of a wider 2025 budget agreement, will provide €20.9 billion in annual tax relief, up from …
Continue readingIndia Slashes Gold and Silver Import Duties to Curb Smuggling, Boost Demand
India has taken a significant step towards curbing gold smuggling and stimulating domestic demand by slashing import duties on gold and silver. The move, announced on July 23, 2023, reduces import duties from 15% to …
Continue readingRussia Slaps New Tariffs on Goods from “Unfriendly” Countries
Russia has announced increased import tariffs on consumer goods from countries that support sanctions against it. The tariffs, which take effect seven days after publication and will remain in place until December 31, 2024, target …
Continue readingAustralia Jobs Report: Strong Growth But Unemployment Rises
Australia’s job market showed mixed signals in June, with robust employment growth but a slight increase in unemployment, leaving the Reserve Bank of Australia (RBA) with a difficult decision on interest rates. Net employment jumped …
Continue readingJapan’s Trade Growth Stalls in June as Global Demand Weakens
Japan’s exports and imports grew at a slower pace than expected in June, signaling a slowdown in economic activity both domestically and in key export markets. Exports rose by 5.4% year-on-year, falling short of expectations …
Continue readingSingapore’s June Exports Plunge Deeper Than Expected, But Recovery Signs Emerge
Singapore’s non-oil domestic exports declined by 8.7% year-on-year in June, a sharper drop than the 1.2% contraction predicted by economists. The decline was primarily driven by weakness in non-electronic products, particularly volatile items like non-monetary …
Continue readingUS Retail Sales Steady in June, Signalling Consumer Resilience
The US economy received a boost in June as retail sales remained unchanged, indicating continued consumer spending despite ongoing economic uncertainties. This resilience was particularly encouraging given the decline in auto dealership sales, which was …
Continue readingBrazil Government Maneuvers to Delay Central Bank Autonomy Vote
The Brazilian government has proposed that the central bank should cover the costs of the Proagro rural insurance program, potentially delaying a crucial vote on granting the central bank financial autonomy. The move, which could …
Continue readingJapan Intervenes in Currency Market to Prop Up Yen; Analysts See Similarities to May Intervention
Japan has once again intervened in the currency market to support the weakening yen, raising concerns over the currency’s volatility and potential impact on the economy. The move comes as the yen hits 38-year lows, …
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