The FINANCIAL — Emerging and developing economies in the Europe and Central Asia region are on course to contract by 4.4 percent this year, the worst recession since the global financial crisis of 2008, says the latest edition of the World Bank’s Economic Update for
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The FINANCIAL — Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according to the latest regional economic analysis
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The FINANCIAL — Faced with an unprecedented downturn, India needs to continue with critical reforms to reverse the sudden and steep impacts of COVID-19 on its economy, says the World Bank in its twice-a-year-regional update. Released today, the latest South Asia Economic Focus
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The FINANCIAL — National Statistics Office of Georgia published data of Inflation rate in Georgia (September 2020) according to which the Consumer Price Index increased by 0.7 percent compared to the previous month, while the annual inflation rate amounted to 3.8 percent.
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The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the
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The FINANCIAL — Georgia’s score and position in the Economic Freedom of the World: 2020 Annual Report is improved to 8,18 points and has been ranked at the 8th position in the top ten countries. Georgia was at the 9th position in
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The FINANCIAL — German manufacturers ramped up production for the third straight month, though the pace of growth slowed in July. Industrial output rose 1.2 percent, less than forecast by economists. The increase was led by carmakers while machinery retreated. Investment-goods production still
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The FINANCIAL — 2020 is the year Australia technically lost its famous nickname as ‘The Lucky Country’ and fell into recession for the first time in almost three decades. Australia last fell into recession in mid-1990 which ran into late 1991. But the
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The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth in Georgia (July 2020). Estimated real Gross Domestic Product (GDP) declined by 5.5 percent in July 2020 YoY and by 5.8 percent in the first seven months
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The FINANCIAL — From the early days of the pandemic, as the EU took immediate measures to tackle the crisis, it was clear that the recovery would require a joint effort at EU level. EU leaders decided to work towards establishing a recovery
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