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Shock therapy keeps the people waiting | Article Preview

Dollar-rich investors have reacted to President Tinubu s radical reforms by rushing to the door, President Bola Tinubu s great gamble that shock therapy – ending subsidies and devaluing the naira – would bring back foreign capital and stabilise state finances isn t working. Instead, the naira is plumbing new depths against the US dollar each week and a slew of multinational companies are selling their assets.
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PSA: Philippine trade gap narrowed to $4.69B in November 2023

The Philippine trade gap narrowed in November as imports posted slight growth while exports continued to decline, data released by the Philippine Statistics Authority (PSA) reported Wednesday. ....

United States , Hong Kong , South Korea , Philippine Statistics Authority , Business And Industry , H Trade Gap , Trade Gap ,

Romania's Trade Deficit Narrows By 17.6% YoY To EUR25.5B In January-November 2023

Romania's trade balance posted a deficit of EUR25.5 billion in January-November 2023, lower by EUR5.45 billion (-17.6%) compared to January-November 2022 period, data from the country's statistics board INS showed on Tuesday (January 9). ....

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