Picture worsens for Turkish manufacturing in July, new orders fall for 25th month, PMI shows

Output, employment and purchasing all scaled back.

Czech manufacturers PMI falls to 49.7 despite higher output, more orders

Czechia’s manufacturing sector recorded a renewed deterioration in operating conditions in July, despite continued gains in output and new orders, as firms accelerated job cuts and scaled back inventories amid persistent uncertainty.

Russia’s July manufacturing production PMI sees steepest drop for three years

Russia’s manufacturing sector saw its most severe contraction in output since early 2022, to 47, as demand faltered and firms struggled with financial pressures, according to new data from S&P Global released on August 1.

No end to world hunger by 2030 – Statista

2024 saw some progress in the fight against world hunger after the number of undernourished people rose once again between 2017 and 2021 due to global crises such as the Covid-19 pandemic.

Poland’s inflation falls within central bank’s target in July, flash estimate shows

Poland’s CPI growth eased to 3.1% year on year in July from 4.1% y/y the preceding month, the country’s statistical office GUS said in a flash estimate on July 31. (chart)

Vietnam’s Central Bank raises 2025 credit growth quota to bolster economic expansion

The State Bank of Vietnam (SBV) has announced an increase in the 2025 credit growth quota for commercial banks in a bid to stimulate economic growth, as inflation remains under control.

Bank of Japan holds interest rate as inflation projections rise

The Bank of Japan has decided to maintain its benchmark interest rate at 0.5%, a move that was largely anticipated by markets.

Russian business travellers are discovering Uzbekistan

Are sanctions-busters scouting out a new hub?

IMF corrects growth forecast upwards – Statista

Despite uncertain market conditions amid the Trump administration's tariff regime and major global conflicts, the International Monetary Fund has upped its global economic growth forecasts for 2025 and 2026 slightly, Statista reported on July 30.

Turkish banks conclude syndicated loan renewals with high rollover rates, longer maturities and lower costs

Country rolls over around $200bn each year.

Czech central banker sees limited scope for more rate cuts

The Czech National Bank (CNB) governor Jakub Seidler says he sees “limited scope” for more rate cuts due to persistent services inflaton, Reuters reported on July 30.

Hungary’s government finally faces reality, cuts 2025 growth forecast to 1%

When China sneezes, Mongolia catches a cold

Direct knock-on effects from US–China trade war stymie Mongolian economy.

Trump Administration's trade deals so far - Statista

On July 27, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30% on European goods threatened by August to 15%, including on cars.

Gig economy gaining traction in Uzbekistan

Tashkent is working hard to expand its tax base.

Low trust in CBR communications pushes up inflation expectations to 13% - InFOM

Inflation expected by Russian households for the next 12 months did not change in the last month and remain elevated, according to according to InFOM’s survey, commissioned by the Central Bank of Russia (CBR). (chart)

Pakistan’s monetary policy and why the state bank should hold the line

Markets are watching closely to see whether the central bank will deliver another interest rate cut or decide to pause. From a macroeconomic standpoint, the prudent course at this juncture is to hold steady.

Moody’s upgrades Turkey to three notches below investment grade

Though substantially rebuilt, net FX reserves still 25% lower than in mid-March, when market turbulence followed the jailing of Istanbul mayor Ekrem Imamoglu.

Serbia to repatriate entire gold reserve amid global uncertainty

Serbia’s central bank plans to repatriate the country’s entire gold reserves from abroad, becoming the first Eastern European country to hold all of its bullion domestically.

Russia’s CBR cuts key rate to 18% to help cooling economy

The board of the Central Bank of Russia resolved to cut the key interest rate by 200 basis points from 20% to 18%, as strong disinflation trend in July untied the regulator’s hand in supporting the economy that slides from overheating to recession.