According to South Africa’s Finance minister, Tito Mboweni, the country’s Gross Domestic Product (GDP) is likely to contract by more than the 7% previously forecast by the Treasury. Mboweni said ...
The Eurozone’s third-largest economy, Italy, has registered a record economic contraction on Monday, as household spending and investment plummeted during the country’s COVID-19 lockdown. Plunged into recession, Italy’s GDP fell ...
The COVID-19 (coronavirus) outbreak has set the first recession in the sub-Saharan African region in 25 years, with growth forecast between -2.1 and -5.1 in 2020, from a modest 2.4% ...
The Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic. The world’s third largest economy saw gross domestic product fall 7.8% in April-June ...
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