GDP may decline in the Asian region for the first time in sixty years
According to the bank’s revised Asian Development Outlook (ADO) forecast, the region’s gross domestic product (GDP) could fall 0.7 percent this year and grow 6.8 percent next year. In the previous version of its forecast, the ADB has revised downwards the 2.2 percent increase indicated for this year, but expects a larger increase next year than the 6.2 percent indicated therein. (MTI)
Related news
MNB Director: The central bank expects 4.7 percent annual inflation this year
Inflation is expected to exceed the central bank’s tolerance band…
Read more >NAK announces its large-company-startup program again
The government aims to further strengthen the momentum and competitiveness…
Read more >Ministry of Health: new measures to strengthen domestic spas – the burden on the sector will be significantly reduced
The government aims to further strengthen the momentum and competitiveness…
Read more >Related news
WHO: They urge a 50 percent price increase for tobacco, alcohol and sugary drinks
The World Health Organization (WHO) is calling for the prices…
Read more >Eurozone economic growth accelerated in June
The eurozone’s economic performance accelerated in June, according to the…
Read more >This is how drug prices are changing: the government introduced price restrictions
The Ministry of National Economy’s price restrictions on medicines came…
Read more >