India: India Wholesale Inflation Rises More Than Estimated in March
As Bloomberg reports, India’s wholesale inflation rose faster than economists estimated in March, reaching a three-month high, maintaining pressure on the central bank to keep interest rates elevated.
China: Government Won’t Resort to Short-Term Stimulus
Caijing echoed that Premier Li Keqiang ruled out the possibility of bold policy easing amid the current economic slowdown, stating that the government will not opt for a massive short-term stimulus because of “temporary” volatility.
Ukraine: World’s Worst Currency Rout Seen Immune to Ukraine Rate Increase
Businessweek writes that Ukraine raised its benchmark rate by 300 basis points to 9.5%, in an attempt to shore up a weakening hryvnia, which is fuelling inflationary pressures and disrupts financial markets.
Colombia: Foreign Directment Drops but Capital Inflows Double in Q1
According to Reuters, preliminary figures indicate that in Q1 2014 foreign direct investment in Colombia decreased 5.1% as compared to Q1 2013. Conversely, capital inflows doubled to USD 2.65 billion after JPMorgan’s announcement to increase the weighting of Colombian government bonds in its indexes.
Global: WTO: Global Trade to Gain Speed in 2014 and 2015
The WTO says that global trade will increase 4.7% in 2014 and expand 5.3% in 2015. The figures suggest that world trade is on the road to recovery although the financial crisis may well have shifted down average growth rates going forward.