[ad_1] By the end of this year, global gross domestic product (GDP) is estimated to suffer more than $ 4 trillion because of tourism, said document of the United Nations Conference on Trade and Development (UNCTAD) and the United Nations World Tourism Organization (UNWTO). According to the paper, 60% of the estimated losses in global… Continue reading Global GDP to suffer $4 Trillion Loss due to tourism
Tag: GDP
China’s GDP up 7.9% after growing by 18.3% in Q1
[ad_1] China’s GDP grew by 7.9% in Q2 from the same period last year, after increasing by 18.3% in Q1. A high comparison base conditioned the slowdown in the second quarter. Report informs, citing Prime, that economists expected the economic growth to slow down starting from the second quarter, and this tendency will continue until… Continue reading China’s GDP up 7.9% after growing by 18.3% in Q1
European Commission improves forecast for GDP growth in euro area for 2021
[ad_1] The European Commission (EC), in its summer economic forecast, has improved the estimate for the growth of GDP in the euro area for the current year to 4.8 percent from 4.3 percent, which were expected in the previous spring forecast, Report informs referring to Prime agency. “Currently, GDP growth is projected at 4.8 percent… Continue reading European Commission improves forecast for GDP growth in euro area for 2021
S&P: Azerbaijan to see 4.7% growth on average in GDP in next two years
[ad_1] Azerbaijan’s economy, which lagged last year due to a coronavirus pandemic, will grow 2.4% this year, Report informs, citing S&P Global Ratings. In 2022-2023, the GDP will grow by 4.7% on average. Azerbaijani government forecasts 3.4% growth in GDP in 2021, 4.8% in 2022. Reduction in oil output due to the COVID restrictions and… Continue reading S&P: Azerbaijan to see 4.7% growth on average in GDP in next two years
ECB upgrades its forecast for GDP growth in eurozone
[ad_1] The European Central Bank (ECB) has significantly raised its forecast for GDP growth in the eurozone- up to 4.6% for the current year and up to 4.7% next year. Report informs that the head of the regulator, Christine Lagarde made the statement at a press conference. “Annual real GDP growth is expected to be… Continue reading ECB upgrades its forecast for GDP growth in eurozone