GDP shrank 5.7% year-on-year in the second quarter, swinging from the 4.9% growth recorded in the first quarter, according to...
Latest Global Economic News
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Kenya: GDP contracts for first time in at least 10 years in Q2 -
Singapore: Economic contraction slows in Q3 Activity shrank at a markedly slower pace in the third quarter according to an advanced estimate, after contracting at the... -
Guatemala: Economy contracts at historic pace in Q2 amid fallout from pandemic The economy contracted a whopping 9.6% year-on-year in Q2 (Q1: +0.9% yoy). The print marked the steepest drop on record... -
Guatemala: Economy contracts at historic pace in Q2 amid fallout from pandemic The economy contracted a whopping 9.6% year-on-year in Q2 (Q1: +0.9% yoy). The print marked the steepest drop on record... -
United Kingdom: Economic activity growth ebbs in August GDP expanded 2.1% on a calendar-adjusted month-on-month basis in August (July: +6.4% mom), amid softer growth in industrial production, construction... -
Norway: Economic growth slows in August Economic output grew 0.7% over the prior month in August in seasonally-adjusted terms, slowing from the 1.3% expansion in July... -
Costa Rica: GDP dives at sharpest rate on record in Q2 The economy shrank 8.6% year-on-year in the second quarter, swinging from a soft 0.6% expansion in the first quarter. Q2’s... -
Russia: GDP plunges in Q2 as Covid-19 hammers domestic activity A third GDP estimate released by Rosstat on 2 October confirmed that the economy contracted 8.0% year-on-year in the second... -
Saudi Arabia: GDP contracts deeply in Q2 as both the oil and non-oil sectors reel The economy contracted 7.0% on an annual basis in the second quarter, after dipping 1.0% in the first quarter. The... -
UAE: Economy notably contracts in Q2 on non-oil sector downturn According to preliminary data released by the Central Bank of the UAE, GDP dropped 7.8% in year-on-year terms in the...