Georgia’s GDP declined by 5.3% in August 2020

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth. Estimated real Gross Domestic Product  (GDP) declined by 5.3 percent in August 2020 YoY. Asian Development Bank’s new report says that Georgia is forecast to return to the…

3 mins read

World’s biggest economies are heading for a recession

The FINANACIAL — There are signs that some of the world’s top economies could slump as coronavirus outbreak compounds pre-existing weaknesses. Japan’s economy shrank at an annual pace of 6.3% last quarter. The closely-watched ZEW Indicator of Economic Sentiment in Germany decreased…

5 mins read