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According to the new forecast of the international rating agency Fitch, in 2019 global GDP will grow by 2.8%, and in 2020 its growth will be at the level of 3.1%. In December, agency experts expected the global economy to grow by 3.1% in 2019, and by 2.9% in 2020. The deterioration of the forecast, however, does not imply the approach of a global recession. Especially, experts highlighted the worsening prospects for the eurozone economy and pointed to clearer signs of a slowdown in the Chinese economy. According to their estimates, a key factor in the slowdown in trade and industrial production in the world was the weakening of domestic demand in emerging economies. They also see the negative impact of trade disputes between the United States and China, albeit to a lesser extent. Economic forecasts for the current year are worsened for 15 out of 20 countries. The highest estimate of economic growth has been lowered for Turkey - by 1.7 percentage points.
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 ...
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 ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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