Mexico promises immediate effect of stimulus on economy
The $25 bn stimulus include credits, accelerated spending on goods and services, and money from an infrastructure fund...
Category : Economy
Trade war weighs as Thailand’s exports contract 2.91% in H1
The Commerce Ministry said that Thai exports contracted by 5.8 percent in May, 2.6 percent in April and 4.9 percent in March...
Bank Indonesia makes key rate cut as economy slows down, exports drop
The ongoing US-China trade war has hit Indonesia’ s economy also as exports and Auxilliary raw material imports fell...
Surging baht hurting Thailand’s tourism; central bank gets into action
The apex bank is planning to ease the policies on money outflows by providing additional flexibility on portfolio investments...
China Q2 GDP growth drops to 6.2%; weakest in over two decades
China’s economic slowdown could impact the rest of Asia and lead to a global recession as trade war looms...
Africa’s free trade agreement to boost trade among its nations by 60%
The deal will join the markets of 50 countries, unite the continent’s 1.27 bn people and add to its $3.4 tn nominal GDP...
New Brazil pension bill a shot in the arm for financial reform
The bill is Bolsonaro’s prime agenda as it will save around $263 bn of public money over the next decade...
Saudi Arabia expands $28 bn fund to support key economic sectors
Although the fund’s special focus is on businesses in the Kingdom, there is some ‘flexibility’ to finance foreign companies...
BlackRock expects a slow Chinese economy, downgrades global outlook
The asset manager now sees trade and geopolitical frictions as the principal driver of the global economy...
Mexico’s exports to US surge as trade deficit widens to record $9.6 bn
Many attribute the surge in Mexican exports to the US to the US-Mexico-Canada Agreement which replaces NAFTA...