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The forecast of the European Bank for Reconstruction and Development on the growth of Kazakhstan’s GDP remained unchanged. It assumes the growth of the economy of Kazakhstan in 2019 by 3.5%, in 2020 - by 4.1%. At the end of 2018, the country recorded an economic growth of 4.1%, helped by indicators of exports and consumption. The EBRD expects that this year private consumption will continue to be stimulated by the growth of real incomes and consumer lending. The EBRD noted a slight acceleration in GDP growth in Central Asia last year - to 4.8% from 4.7% a year earlier. The main contribution to the increase in growth was made by the economies of Uzbekistan and Mongolia. According to the bank's estimates, this year the economy of Central Asia will show an increase of 4.4%, and next year its growth will slow to 4.2%.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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