Law firm expects investor interest in Turkey
News from Emerging Markets
The government announced on Wednesday that the country had a trade surplus of USD 4.5bn in June, higher than market estimates which forecast USD 4bn. The figure compares favorably with May's trade surplus of USD 2.7bn.
World Bank confirmed Turkey's growth forecast at 3 percent for 2015, in its report on the country released on Wednesday. “The growth forecast will remain at 3 percent for 2015, with the current account deficit falling to 4.6 percent of GDP," the World Bank said in its "Turkey Regular Economic Brief" report.
STANDARD & POOR's has cut Zambia's credit rating, warning of a rapidly widening budget gap. The rating agency lowered the rating to B, five notches below investment grade. "Zambia's fiscal position is markedly and negatively deviating from our previous expectations", and any policy response will be "constrained" before Sep.
Ukraine received shipments of 2.7 million cubic meters of natural gas from Hungary, 22.9 million cubic meter from Slovakia, and 11.0 million from Russia on Tuesday, a spokesman of Ukrainian transport monopoly Ukrtransgaz told reporters on Wednesday,
Pakistan's consumer price index (CPI) inflation remained stagnant as the CPI inflation, General, increased by 3.2% on year-on-year basis in June 2015 as compared to 3.2% in the previous month and by 8.2% in June 2014.
Budget and Management Secretary Florencio "Butch" Abad is optimistic on the recovery of the domestic economy in the second quarter of 2015 as infrastructure projects, which is among the growth drivers that the government leans on, has started to roll on.