Amid a sluggish external environment, robust domestic demand supported economic activity in Q1 2023 despite high inflation and rising interest rates. The healthy labor market, adequate liquidity, and increased...
Merchandise exports posted its largest contraction in February 2023 since May 2020 amid continued weakness in external demand, which weighed on the growth of manufacturing activity. Headline inflation...
Headline inflation inched down marginally, although food prices remain persistently high, while core inflation continued to accelerate. Merchandise exports declined in January, amid a weak, yet improving...
Headline inflation rose to a new 14-year high in December, driven by higher food prices. Core inflation continued to rise, underscoring existing price pressures and the release of pent-up demand. Despite...
The economy registered better-than-expected performance, as GDP grew by 7.6 percent year-on-year in Q3 2022 (6.1 percent consensus forecast) fueled by strong domestic demand despite high inflation and...