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The economy of Turkmenistan in the first half of 2019 grew by 6.2% due to a stable fiscal and monetary policy. During this period, there was an increase in state budget revenues and investments. Speaking at a government meeting, Ggurbanguly Berdimuhamedow noted the construction of about 2 thousand large industrial and social facilities in the country. Their total value exceeds $30 billion. For six months, the revenue part of the budget was fulfilled by 103.5%, and expenditures - by 84.9%. Over $4 billion was invested in the economy of Turkmenistan, which accounted for 26.6% of the total GDP. During this period, it was possible to fulfill the state investment program by 41.5%.
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 dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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