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The first report on inflation in the country, published over 3 years by the Central Bank of Venezuela, showed that in 2018 its level reached 130060%. Since the beginning of 2019, the largest increase in consumer prices – by 196.6 – was recorded in January. In April, prices increased by 33.8%. The latest data published by the Venezuelan regulator before these data indicated annual inflation in 2015 at the level of 180.9%. According to the Central Bank, in the third quarter of last year, Venezuela’s GDP decreased by 22.5% in annual terms. The long economic crisis in Venezuela was aggravated by the imposed sanctions against the country. Against this background, the International Monetary Fund's forecast for 2019 implies a 25% fall in its GDP. In 2020, a further decline is projected – another 10%. According to IMF estimates, inflation in this and next years will be at the level of 10 million percent.
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
Asian shares traded slightly higher earlier on Wednesday after China released gloomy inflation data on the same day. China’s Shanghai Composite slid by 0.68% at 10:48 PM ET (3:48 AM GMT), while the Shenzhen Component inched up by 0.9%. Hong ...
Germany is anticipating an inflation rate drop as the national preliminary inflation data is set to be released 1200 GMT. This reading surfaced after regional inflation figures showed inflation plunging in the month of May. Some German states ...
KYC Policy