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The growth of the Kazakhstan economy in 2018 was 4.1%, the press service of the Ministry of National Economy of the country reports. In amendments to the law on the budget of Kazakhstan for 2018-2020, GDP growth was planned at the level of 3.8%, but the country's president noted that the preferred result would be a 4% rise. The economy reached such a growth rate in 2017. According to the Statistical Committee of the Ministry for the National Economy, compared with the same period last year, the volume of industrial production in 2018 increased by 4.1%. Production in the mining industry increased by 4.6%, in manufacturing - by 4%, in electricity supply, gas supply, steam - by 2.4%. The extraction of oil, gas and metal ores, as well as the production of consumer goods, increased in relation to the indicators of the previous year.
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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