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Inflation in China decelerates in August
Food prices continued to rise, growing by 11.2% y/y in August
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Retail sales in Brazil jump in July
The sales of furniture and appliances (26.3% y/y), pharmaceutical and cosmetics (13.5% y/y), and supermarkets (9.9% y/y) pushed up the overall index in July
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Brazil’s consumer inflation accelerates in August
The biggest driver was food and beverage prices, which jumped by 8.8% y/y in August
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Turkey’s GDP declined by 9.9% y/y in the second quarter
Government spending declined by 0.8% y/y and gross fixed capital formation dropped by 6% y/y
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The Indian economy contracted by 23.9% y/y in the second quarter
Turkey’s real GDP declined by 9.9% y/y in Q2 2020, compared to a 4.4% increase in the previous quarter
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New bank loans in Brazil rose in July
Since March, the central bank has adopted measures to increase liquidity in the financial system and introduced capital requirements reliefs for banks.
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Brazil’s current account posts USD 1.6bn surplus in July
The current account in Brazil registered a surplus of USD 1.6bn in July 2020