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Argentina’s economy teeters on recession, with a median GDP estimate of 1.4% year-over-year contraction and 250% annualized inflation.
Argentina’s Economy: A Recession on the Horizon Amid Signs of Recovery
As the world watches with bated breath, Argentina’s economy teeters on the edge of a precipice, poised to extend its recession in the second quarter of this year. The forecast is dire, with a median GDP estimate of a 1.4% year-over-year contraction from no less than 15 analysts polled by Reuters. Continue reading “Upcoming recession in Argentina”
The Indonesian rupiah is expected to continue its rally amid global interest rate cuts.
Indonesia Rupiah Rally Expected to Continue Amid Global Interest Rate Cuts
In a surprising turn of events, the Indonesian rupiah (IDR) is poised to continue its rally, driven by global flows as the US Federal Reserve prepares to cut interest rates. This development has sent shockwaves throughout the financial markets, with strategists at Malayan Banking Bhd and CIMB Bank Bhd predicting that the rupiah will strengthen towards 15,000 per dollar by year-end.
Continue reading “Indonesia rupiah rally expected to continue amid global interest rate cuts”
