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Armenia’s GDP grew by 5.2% in 2018, slightly exceeding 6 trillion drams, the statistical office of the country reported. The most significant economic growth - by 9.9% - was achieved by the country in the first quarter. In subsequent quarters, its slowdown was recorded. The lowest growth rate of 2.5% was observed in the third quarter. Manufacturing enterprises showed an increase in production of 10.1%. Trade increased by 9%. At the same time, a reduction was noted in the field of agriculture, where the figure fell by 8.5%. The growth of the Armenian economy by the end of last year exceeded the growth by 4.9%, planned budget of the country.
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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