Economic overview According to data published by the Romanian National Institute of Statistics (INS), the Romanian economy in 2019 recorded a 4.1% increase in GDP compared to 2018, supported in particular by private consumption. The average annual inflation rate in 2019 was 3.8%. The increase in the price of food products (+ 4.7%), services (+ Read more about Country report Romania[…]
Economic overview The economy contracted 6.1% in the subsequent quarter as per late information, weighed on by a breakdown in the non-energy area because of lockdown limitations, and a milder plunge in the energy area. Going to Q3, the economy seemed to organize a solid recuperation. The non-energy private area PMI arrived at the midpoint Read more about Country report Qatar 2020[…]
Economic overview Puerto Rico’s GDP diminished by 2% in 2019. That was halfway because of the public authority’s more tight monetary position, catastrophic events and a diminishing populace. Nonetheless, re-building endeavors made after Puerto Rico was hit by its greatest seismic tremor in a century in January 2020, ought to incompletely pad the lull. As Read more about Country report Puerto Rico[…]
Economic overview The economy ought to have recuperated fairly in Q3, despite the fact that the aftermath from the pandemic kept on burdening movement. Available information shows that modern creation got back to development in August subsequent to declining in July. In addition, in July–August retail deals shrank at a milder movement than in Q2. Read more about Country report Portugal[…]
Economic overview The Polish economy is on course to record its first downturn in almost thirty years, with a normal compression of 3.9 percent this year, as indicated by the most recent version of the World Bank’s Europe and Central Asia Economic Update from october 2020. As indicated by the World Bank, development in Poland Read more about Country report Poland[…]
Economic overview The COVID-19 pandemic hit Paraguay as the country was setting out on a solid recuperation way after development had slowed down in 2019. The worldwide downturn is probably going to prompt a GDP decrease of 1.2 percent in 2020. From that point, development is required to re-visitation of 4 percent, as the world Read more about Country Report Paraguay[…]
Economic overview An economic model country for as far back as 15 years, Peru’s development topped at a normal of 6% somewhere in the range of 2004 and 2012. In any case, Peru confronted financial troubles in 2015, and keeping in mind that the circumstance has improved since, development levels haven’t been capable arrive at Read more about Country report Peru[…]
Economic overview The Philippines’ economy is considered as one of the most unique economies in East Asia and the Pacific. In 2019, GDP development rate diminished yet stayed high, arriving at 5.9% as indicated by IMF gauges. This slowdown is primarily because of a deceleration in venture development and a frail outer climate. As indicated Read more about Country report Philippines[…]
Economic overview Oman’s economy is expected to contract in 2020 because of the oil value slide and the COVID-19 general wellbeing reaction. An expansion in gas yield and framework spending plans will assist development with recouping more than 2021-22. Financial and outside shortages will stay under strain because of low oil and gas costs. Unbending Read more about Country report Oman[…]
Economic overview After two years of financial downturn, the Norwegian economy has bounced back and rebounded from the oil stun. Gross domestic product development was relied upon to have hit 1.2% in 2019, especially because of non-oil area extension and rising lodging speculation. As indicated by the refreshed IMF figures from fourteenth April 2020, because Read more about Norway country report 2020[…]