South Africa’s economy contracts for the first time in 11 years
South Africa’s GDP shrank 7%, compared with a 0.2% expansion in 2019...
Tag : economy
Indonesia raises economic recovery budget to $49 bn
The budget for its National Economic Recovery (PEN) programme has been lifted several times now...
Europe to see economic rebound by mid-year
The officials in a quarterly report said that the European economy is forecast to grow to reach 3.7 percent in 2021 and slightly better in 2022...
Saudi Arabia’s economy shrank by 3.8% in Q4 2020
According to preliminary estimates, the Kingdom’s economy contracted by 4.1% last year...
China stuns the world with highest FDI in 2020
Investors might continue to flock in with cash through 2021—as the mainland is the only major economy to have dodged a contraction...
Kuwait sees $39.9 bn budget deficit for new fiscal year
The Kuwaiti economy expects state revenues of KD10.9 billion in the new fiscal year...
Indonesia builds competitive advantage with non-oil exports
The government is anticipating to reach 6.3 percent annual growth for its non-oil and gas exports in 2021...
Global economy to grow by 5.5% in 2021: IMF
The global economy will grow by 4.2% in 2022, the fund further said...