Singapore’s GDP plunged 12.6% in the second quarter
It is 8 percentage points higher than the 11.8% contraction expected by MAS...
Category : Economy
Singapore’s GDP may contract by 34.6% in the second quarter
This could possibly mark the start of a recession...
Bahrain’s GDP contracted 1.1% in the first quarter of 2020
Bahrain’s economy is likely to contract by 3.6% this year...
Dubai’s GDP declines 3.5% in first quarter year-on-year
Real estate activity registered a growth of 3.7% in Q1 2020...
UK economy sees largest quarterly fall since 1979
GDP dropped by a quarterly 2.2% between January and March...
Japan’s unemployment rate rises to a 3-year high in May
Japan’s unemployment rate climbed to 2.9% last month...
Nigeria anticipated to hit its worst recession in four decades: World Bank
The IMF and the World Bank anticipate the Nigerian economy to slip into recession impacting its lenders at a large scale...
China launches $5 bn fund to support SMEs
Two Chinese ministries have teamed up to launch the National Small Medium Enterprises Development Fund...
Indonesia’s economy to contract by 1.0% in 2020: ADB
The bank also forecasts that economic growth would reach 5.3% in 2021...
UK economy to shrink by 8% in 2020: Reports
Official figures showed Britain’s economy shrank by a record 20.4% in April...