Data
India receives first S&P sovereign rating upgrade in 18 years
The last upgrade by the US-based agency came in January 2007. This latest revision reflects India’s position as one of the world’s best-performing economies, with real GDP growth between fiscal years 2022 and 2024 averaging 8.8%.
Kazakhstan pulls ahead of Russia for GDP per capita
Development a serious blow to Russian prestige.
Turkey raises end-2025 official inflation forecast range to 25-29%
Seeking to show everything’s on track, economic team have tossed in a new term, “interim targets”
Saudi Arabia records lowest inflation in five months at 2.1% in July
Saudi Arabia reports lowest inflation in five months at 2.1% in July as housing rent increases moderately following the Crown Prince's real estate balance measures.
Annual inflation in Russia slowed to 8.79% in July
Annual inflation in Russia eased to 8.79% in July from 9.4% in June, despite a month-on-month acceleration in consumer price growth, according to Rosstat, Vedomosti reported on August 13.
Russia’s economy narrowly avoids technical recession as war strains mount
The slowdown in GDP growth in Russia to 1.1% year on year in the second quarter suggests the economy may have narrowly avoided a technical recession, but “the economy is clearly struggling amidst imbalances that have built up due to the war."
Poland weathers tariff pressures to remain an EU growth leader
Poland’s economy continued to outperform in the second quarter despite mounting global trade tensions, according to Nicholas Farr, Emerging Europe Economist at Capital Economics.
India’s retail inflation falls to 1.55% in July, lowest since 2017
India’s retail inflation, measured by the Consumer Price Index (CPI), dropped sharply to 1.55% in July 2025 - the lowest since June 2017.
Philippines growth holds steady as rate cuts remain in view
The Philippine economy recorded stronger growth in the second quarter of 2025 compared with the first, primarily due to a spike in goods exports ahead of impending tariffs.
ECLAC raises Latin America growth forecast to 2.2% but warns of prolonged slowdown
The UN Economic Commission for Latin America and the Caribbean has lifted its 2025 regional growth estimate to 2.2% from a previous 2.0% projection, whilst acknowledging that economic expansion remains constrained by global volatility
Moldova cuts policy rate by 25 bp to 6.25% to support economic recovery
Decision follows a two-step rate increase in January and February prompted by rising energy prices.
Kazakhstan’s tenge depreciation roulette: seasonal, speculative or fundamental?
Currency has suffered a run of new lows. Analysts are divided on why and where it will stabilise.
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Czech National Bank keeps interest rate at 3.5%
Regulator expects inflation to oscillate above 2% for the remainder of the year.
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Czech industry maintains slight growth of 0.2% y/y in June, while construction booms by 14% y/y
Local analysts do not expect a significant revival in the country’s industrial production as international trade is projected to remain unstable in the second half of 2025.
Romania expected to hold policy rate at 6.5% until at least Q1 2026
Analysts forecast no change to policy rate at August 8 rate-setting meeting given inflation pressures from recent fiscal adjustments.
Retail sales growth in Romania slows to 1.8% y/y in Q2
Slowdown follows a sharp expansion in 2024 and comes ahead of fiscal and budgetary reforms expected to weigh on household consumption.
Hanoi’s economy booms with record foreign investment
Hanoi continues to solidify its position as the driving force of Vietnam’s economy, recording robust growth in the first seven months of 2025, despite ongoing global uncertainties.
Reserve Bank of India holds repo rate at 5.5% amid rupee pressure and US tariff threats
The Reserve Bank of India has kept the repo rate unchanged at 5.5% as the rupee continues to weaken under pressure from renewed US tariff threats.
Cambodia maintains nearly 6% growth despite global challenges
Cambodia’s economy expanded by 5.9% in the first half of 2025, supported by strong growth in manufacturing, tourism, and agriculture, according to the National Bank of Cambodia.
Hungary's industry remains deep in recession with no end in sight
The continued slump was largely driven by weak external demand, while structural issues in the automotive sector, Hungary's key industrial segment, have further amplified the downturn.