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Vietnam’s economic growth slowed to a total of 0.36% in the second quarter. The reading came to be the slowest pace in decades and it could be attributed to the disruptions brought by the novel coronavirus pandemic.
The country’s gross domestic product in April to June quarter hit 0.36% from a year earlier. This came sharper than last year’s record of a 6.73% expansion, the government’s General Statistics Office said in a statement on Monday.
The GSO also revealed that during the second quarter, the services sector declined a total of 1.76% from a year earlier. Meanwhile, the industrial and agriculture sectors managed to advance with an expansion rate of 1.38% and 1.72%.
The International Monetary Fund foresees that Vietnam’s economy will slow to 2.7% this year. However, Prime Minister Nguyen Xuan Phuc pledged to keep growth above 5%.
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 ...
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 ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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