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China's GDP rose by 18.3% y/y in Q1 2021 on the back of low base effects
The growth accelerated from 6.5% y/y in Q4 2020, with last year’s growth rate averaging 2.3%.
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Lower passenger traffic at Brazil's busiest airport in March
Brazil's busiest airport had 1.15mn passengers in March compared to 1.6mn in February.
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Industrial entrepreneur confidence in Brazil deteriorates in April
The decline is driven by the deteriorating perceptions of the current economic situation in Brazil
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China’s factory gate prices surged by 4.4% y/y in March
PPI for producer goods surged by 5.8% y/y in March, while PPI for consumer goods only recorded a 0.1% y/y increase.
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China’s CPI Increased by 0.4% y/y in March
Food prices fell by 0.7% y/y in March, driven mainly by falling pork prices
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The stimulus package in the US pushed the budget deficit to USD 660bn
The latest figure is also multiple times higher than the same month in 2020, as the deficit amounted to USD 119bn.
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IMF revised its projection for the global growth upwards
The forecast is revised upwards compared to the January projections.
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Brazil's Composite and Services PMI points to deteriorating business activity
The composite indicator dropped to 45.1 from 49.6, while the services index stood at 44.1 in March compared to 47.1 in February.
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Tripura and Sikkim lead the way for vaccinations in India
India recently crossed the 100,000 mark in terms of daily confirmed cases, which is higher than its previous peak in September