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Topic

gross domestic product

UK economy grew by stronger-than-expected 1.3% in Q4

UK economy grew by stronger-than-expected 1.3% in Q4

Published 31 Mar, 2021 11:51am
  • Britain's economy suffered the biggest drop of all countries in the Organisation for Economic Co-operation and Development except for Argentina and Spain last year, OECD data has shown.
Britain's economy to reach pre-COVID-19 levels within two years

Britain's economy to reach pre-COVID-19 levels within two years

Updated 12 Feb, 2021 11:49pm
  • Last year the BoE slashed Bank Rate to 0.1% and restarted its bond buying programme to offer support to the economy. Medians in the poll suggest there will be no unwinding of that ultra-loose monetary policy until 2024 at the earliest.
Slovenia's 2020 budget gap narrower than forecast

Slovenia's 2020 budget gap narrower than forecast

Published 29 Jan, 2021 06:02pm
  • "Revenues amounted to 9.08 billion euros, or 10.4% lower than in 2019, while expenditures rose 26.8% from 2019, reaching 12.57 billion euros," the ministry said.
  • In 2021, the government expects a budget gap of 2.75 billion euros, or 5.6% of GDP.
Emerging markets to bear brunt of sovereign rating cuts in 2021, says S&P Global

Emerging markets to bear brunt of sovereign rating cuts in 2021, says S&P Global

Updated 27 Jan, 2021 11:23pm
  • The coronavirus crisis is expected to push the debt-to-gross domestic product (GDP) ratios in the G7 group of rich nations up by 23 percentage points by the end of 2021 compared to 2019.
  • "That doesn't mean that developed economies are getting a pass. It just means that they have bought themselves more time," he said.
China takes lead over US in foreign direct investment in 2020

China takes lead over US in foreign direct investment in 2020

Published 25 Jan, 2021 10:44am
  • Direct investments in China by foreign companies increased by four percent
  • New investments by overseas businesses into the US fell 49 percent last year as the country struggled to curb the spread of the new coronavirus affecting the economic output
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