Economic Highlights
July 1, 2024 The Monetary Policy Committee (MPC) of the Bank of Jamaica (BOJ) met on June 26-27, 2024, and reviewed its recent monetary policy measures, a three-pronged approach which included: Policy Rate Increases: Raising the policy rate by 650 basis points to 7.0%. Tightened Liquidity: Utilizing open market operations to control liquidity, raising private
June 27, 2024 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 climbed to 1.6% in May 2024 from 1.3% in April, with an average of 1.3% in the three months preceding May. The components of M3 underwent the following developments. The annual growth rate of the
June 26, 2024 According to the European Central Bank's 2024 Convergence Report, non-euro area Member States of the European Union (EU) have achieved limited progress toward economic convergence with the eurozone since 2022. This is primarily due to the severe economic conditions. Over the last two years, the countries under review have been hammered by
June 25, 2024 Monthly Economic Review - May 2024 Disclaimer: Analyst Certification - The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part
June 21, 2024 USA Economic Review - May 2024 USA Economic Review - May 2024 Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s)
June 18, 2024 The Statistical Institute of Jamaica (STATIN) reported that for May 2024, the point-to-point inflation rate was +5.2%; 0.1 percentage points lower than the 5.3% recorded for April 2023 to April 2024. However, for the month of May 2024, The All-Jamaica Consumer Price Index (CPI) increased by 0.5%. The main driver of the
June 12, 2024 According to a recent report, Myanmar's economy is still facing severe problems, and growth is anticipated to be slow as conflict, financial instability, and dislocation limit production. The World Bank's Myanmar Economic Monitor, issued on Wednesday, predicts that GDP would increase by 1% over the year to March 2025, in line with
June 12, 2024 According to the World Bank's 2024 Economic Update for Senegal, the country's economic development remained resilient in 2023, despite political difficulties and persistent, but reducing inflation. Despite disruptions in the services sector and a slowing of export growth, the country's thriving primary and secondary sectors boosted economic activity. The growth rate reached
June 11, 2024 In 2021, the EU spent approximately €1 882 billion on pensions, accounting for 12.9% of total GDP. Although overall pension expenditure climbed by 2.8% from 2020, its ratio to GDP was 0.7 percentage points lower than in 2020, when it was 13.6%. In 2021, the proportional importance of pension expenditures differed significantly
June 10, 2024 Cabo Verde has demonstrated resilience in the post-COVID-19 pandemic recovery, but the crisis has exposed weaknesses primarily reliance on tourism for economic development and risks from underperforming State-Owned Enterprises (SOEs). Unfortunately, climate change continues to exacerbate these shortcomings. In its report, Cabo Verde Economic Update 2024, the World Bank examines the state
