GDP up by 12.5% and employment up by 1.0% in the euro area

The FINANCIAL -- In the EU, GDP up by 11.5% and employment up by 0.9%. In the third quarter of 2020, seasonally adjusted GDP increased by 12.5% in the euro area and by 11.5% in the EU compared with the previous quarter, according to…

11 mins read

European Commission revealed Autumn 2020 Economic Forecast

The FINANCIAL — The coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly…

11 mins read

GDP up by 12.7% in the euro area and by 12.1% in the EU

The FINANCIAL — In the third quarter 2020, seasonally adjusted GDP increased by 12.7% in the euro area and by 12.1% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of…

1 min read

Government debt up to 87.8% of GDP in EU

The FINANCIAL — At the end of the second quarter of 2020, the quarter in which the impacts of the containment measures as well as policy responses to the containment measures fully materialised in increased financing needs, the government debt to GDP…

3 mins read

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

Georgia’s GDP Declined by 12.3% in Q2 of 2020

The FINANCIAL — National Statistics Office of Georgia published data of Gross Domestic Product of Georgia (2020 II quarter, preliminary data). In Q2 2020 the nominal GDP amounted to GEL 11 210.0 million. The real Gross Domestic Product (GDP) declined by 12.3…

3 mins read

Australia falls into the first recession in nearly 30 years

The FINANCIAL — 2020 is the year Australia technically lost its famous nickname as ‘The Lucky Country’ and fell into recession for the first time in almost three decades. Australia last fell into recession in mid-1990 which ran into late 1991. But the…

5 mins read

Georgian economy contracted by 5.5 % in July 2020

The FINANCIAL — National Statistics Office of Georgia published data of rapid estimates of economic growth in Georgia (July 2020). Estimated real Gross Domestic Product (GDP) declined by 5.5 percent in July 2020 YoY and by 5.8 percent in the first seven months…

4 mins read