COGNICURRENT

South Africa's economy is expected to grow by 2% by 2028, indicating a positive outlook following a 2.1% growth in 2022, largely due to recovery from the pandemic.

The Bank of Mexico has raised its GDP growth forecast for this year from 1.1% to 1.6%, citing economic strength as the main reason for the adjustment.

A strategic forecast suggests that by 2026, geopolitics will play a more direct role in shaping the business environment, necessitating a shift in corporate strategies and decision-making.

Mexico's economic forecast indicates a stable year ahead, with cautious monetary policies and the rise of nearshoring expected to positively impact growth.

The Bank of Korea has revised its GDP growth forecast for the year to 2% while keeping interest rates steady at 2.50%, amid concerns over increasing economic polarization.

The Bank of Korea has revised its economic growth forecast for the country from 1.8% to 2.0% for this year.

The Bank of Korea is set to introduce a new conditional interest rate forecast model similar to that of the U.S. Federal Reserve, presenting future rate expectations in a dot plot format to enhance clarity and predictability.

The gold price remains around $5,000, influenced by geopolitical tensions, holidays, and supply-demand dynamics, while the dollar shows moderate gains against other currencies.

The US national debt is projected to exceed 100% of its GDP this year, with an alarming forecast of over $56 trillion by 2036 due to various factors including increasing social program costs and rising interest payments.

Industrial production in Poland fell by 1.5% in January, disappointing analysts' forecasts of a 2.8% increase.

Latvia's Ministry of Finance has raised its GDP growth forecast for 2026 to 2.6 percent, reflecting stronger-than-expected economic performance.

Latvia's Finance Ministry has increased its GDP growth forecast for 2023 from 2.1% to 2.6%, attributing this to stronger economic performance in 2022 alongside expectations of higher inflation.

Analysts suggest that the recent interest rate hike by the Reserve Bank of Australia may not signify a trend, indicating a possible one-off adjustment in monetary policy.

Slovakia's tax revenues are projected to be 600 million euros lower than budgeted, largely due to weaker economic growth and declining wage increases.

The Banking Association of Czechia has revised its forecast for economic growth this year, indicating a more optimistic view of the country's economic performance.

The Banking Association in Czechia has revised its economic growth forecast for the year to 2.6 percent.

Slovakia's Budget Council has lowered its economic growth forecast for this year to below one percent, prompting ministers to develop strategies for economic stimulation.

Work absenteeism in Spain's construction sector has doubled over the last decade, leading employers to forecast an annual cost of 3.5 billion euros.

Brazil's Ministry of Finance has slightly downgraded its economic growth forecast for 2026 while raising its consumer inflation estimate for the same year.

The Bank of Mexico has decided to keep interest rates steady for the first time since June 2024 amid worsening inflation forecasts, a decision widely anticipated by the market.

According to the World Bank's latest forecasts, Croatia's economy is expected to grow by 2.9% in 2026, matching Bulgaria's growth.

Despite Western security guarantees for Ukraine, the country remains heavily reliant on financial aid as a ceasefire with Russia seems far off amidst ongoing aggression and lack of dialogue from Moscow.

Even as Spanish tourism enjoys a promising year with expectations of surpassing 100 million visitors, concerns linger about future performance, according to Mesa del Turismo de España.