In a recent report, the Central Bank announced that Brazil's economic activity experienced a contraction of 0.06 % in September compared to the previous month, reaching its lowest point since January. The monthly index of economic activity, used to anticipate the trend of the Gross Domestic Product…
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economic contraction
Venezuela registers two consecutive quarters of economic contraction
The Venezuelan economy registers a 7 % drop, after two consecutive quarters of contraction. This has been indicated by the Venezuelan Finance Observatory, OVF.
The agency has indicated this Wednesday that a new recessive cycle is…
China’s GDP contracted in the second quarter of the year
China's Gross Domestic Product (GDP) registered a contraction of 2.6 % in the second quarter of the year compared to the previous three months, when it had grown by 1.4 %, as a result of the impact of the restrictions to contain the spread…
Economic growth in Latin America will be 6.3 %
The International Monetary Fund (IMF) published the new estimates on economic growth for Latin America in 2021, raising them to “6.3 %, that is, half a point above its July forecast, thanks mainly to the good development of the raw material…
Central Bank of Chile foresees a contraction of 7.5%
The Central Bank of Chile predicts for 2020 a contraction in the local budget of between 5.5% and 7.5%, which represents the largest drop in gross domestic product (GDP) in the last 35 years.
According to what the issuer explains, "this…
Economic contraction affects the banking sector
In the midst of the recession scenario in the world, financial activities have been impacted. In the case of Venezuela, construction (-96%), financial institutions (-88.5%) and commerce (-80.5%) have presented a deficit in their actions…
Japan’s GDP fell 7.1% in the last quarter of 2019
The Japanese economy registered an annualized contraction of 7.1% in the fourth quarter of 2019, a much worse figure than the 6.3% drop initially estimated, after the VAT increase last October and due to the effect of typhoons and the…
Mexico’s GDP fell 0.1% during 2019
The Gross Domestic Product of Mexico contracted 0.1% during 2019 due to the dynamics of the industrial activity in that country.
This was reported by the National Institute of Statistics and Geography (Inegi in Spanish), who explained that…