Japan's gross domestic product (GDP) contracted 7.9% in the second quarter of this year compared to the immediately preceding quarter, when it had fallen by 0.6%, representing the largest loss of activity in the entire historical series, which dates back to 1980, according to the second estimate of…
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gross domestic product
UK debt exceeds 2 billion pounds
The UK public debt climbed last July to £ 2,004 trillion, exceeding this threshold for the first time and raising the debt-to-GDP ratio to 100.5%, the first time it exceeded the 100% threshold from fiscal year 1960-61, according to the…
The technological age could generate billions of dollars
A study published by the Inter-American Development Bank (IDB), details that the development of digitization, through advances in efficiency, the use of digital technologies and other "relatively minor" increases could boost growth of 5.7…
UK debt exceeded 100% of GDP
The public debt of the United Kingdom stood last May at 1.95 trillion pounds sterling, a figure equivalent to 100.9% of British GDP, exceeding for the first time since 1963 the size of the country's economy, the second largest in Europe.…
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…
Ecuador’s economy could contract up to 9.6%
The Central Bank of Ecuador expects the country's Gross Domestic Product (GDP) to contract by a range of between 7.3% and 9.6% this year, as a consequence of the health and economic crisis of the pandemic.
The issuing institute detailed…
Paris wants to become the first European financial site
After the negotiation between the United Kingdom and the European Union carried out due to Brexit, it remains to be seen if London should lose access to European markets, so far London remains the first European financial place and Paris,…
New challenges for Peru in oil matters
Oil production again rubs 60 thousand barrels per day (bpd), after several years of dangerous approach to 40 thousand barrels. To this end, the Norperuano Pipeline (ONP) and the efforts of several oil companies, such as CNPC and,…
Annual inflation rate in Argentina is projected at 55% at the end of 2019
This Monday, the Minister of Finance of Argentina, Hernán Lacunza, during an analysis of the management synthesis, claimed that the annual inflation rate in the South American country will accelerate at the end of December to 55%, from…
Guatemalan economy should close the year stable
The projections provided by executives of Banco Agromercantil (BAM), a subsidiary of the Bancolombia group, say it is estimated that Guatemala's economy has a growth of 3.5%, driven by the increase in domestic demand (consumption) in…
IMF warns global trade weakness may affect Latin America
Given the deep tensions between the United States and China, the International Monetary Fund has announced its concern about the weakness of world trade and how this can affect Latin America and the Caribbean.
Through a report delivered…
China’s GDP slowed to 6% in third quarter of the year
The Gross Domestic Product (GDP) of China, the second largest world economy, slowed in the third quarter of the year to 6%, which represents the slower rate of expansion of the Asian giant since 1992 and one tenth below the 6.1% forecast of…