Economy, Finance and Trade

The Middle East and Africa’s, economy will turn in its worst performance for more than three decades in 2020. Real GDP has been hampered by the spread of the Coronavirus (COVID-19) pandemic and measures taken to contain it, as well as the collapse in...

Israel’s economy will experience a steep recession in 2020. The economy has been held back by measures taken to contain the Coronavirus (COVID-19) pandemic. Domestic demand has been affected by closures of all but essential businesses, whilst export ...

Finland’s economy will contract significantly in 2020. Domestic demand has been held back by the measures in place to contain the Coronavirus (COVID-19). The external sector has also been affected, as global demand has been stifled. Now that the ...

Myanmar’s economy will decelerate in 2020. COVID-19 has slowed economic growth as demand and supply shocks stemming from the pandemic have caused a broad and significant contraction in the economy. The slowdown in China, tensions in Rakhine state and...

Cambodia has, until 2020, had one of the strongest developing economies in Asia. However, the economy is expected to contract by 2.8% in 2020 – after growth of 7.0% in 2019. The contraction is due to Coronavirus (COVID-19) pandemic containment ...

The economy is growing close to its economic potential. Healthy public expenditure will support the economy as ongoing amendments to the tax code will boost government revenue, while upbeat merchandise export growth further boosts the expansion. A ...

Puerto Rico was still recovering from the hurricanes of 2017, when the country was hit by the earthquakes of 2019-2020, which destroyed infrastructure and temporarily left hundreds of thousands without electricity. The measures taken to contain the ...

The economy will contract in 2020. The economy has been held back by measures taken to contain the Coronavirus (COVID-19) pandemic. Private consumption and investment suffered the most, still, the decline in economic activity was softened by ...

The US economy is expected to decline sharply in 2020. The fallout related to the economic and social measures in place to contain the Coronavirus (COVID-19) outbreak will be disastrous for the US. Both business and consumer confidence have declined ...

The economy will contract significantly in 2020. Economic growth is being hampered by domestic Coronavirus (COVID-19 ) pandemic containment measures, which have slowed consumer spending; as well as travel restrictions which have virtually eradicated ...

Kenya’s economy will slow in 2020. The main channels impacted by the Coronavirus (COVID-19) crisis include; a sharp slowdown in the traditionally resilient services sector, severe disruptions of supply chains and lower agricultural exports and ...

The economy will experience a sharp recession in 2020. The spread of the Coronavirus (COVID-19) pandemic and the containment measures were milder in Latvia than in most other EU countries, helping the economy to mount a quick comeback. Private ...

Peru’s economy will experience a sharp recession in 2020. The measures put in place to contain the spread of the Coronavirus (COVID-19) pandemic have hampered domestic demand. Meanwhile external demand is also being weakened, by a slowdown in global ...

The Coronavirus (COVID-19) pandemic has disrupted a reasonably strong economy. The pandemic is weighing strongly on economic activity this year. A delay in the implementation of large foreign projects, pandemic-related restrictions, and the weak ...

The economy will shrink significantly in 2020. Due to the Coronavirus (COVID-19), containment measures enacted by the Irish authorities which have disrupted private consumption, as people were unable to access certain services and goods, while a ...

China’s real GDP growth will weaken considerably in 2020. The Chinese economy has withstood the Coronavirus (COVID-19) pandemic well compared to most other countries. However, consumer spending, retail sales and services sector activity are ...

The French economy will experience a sharp recession in 2020. Despite a strong rebound due to the lifting of restrictions, activity is set to remain below its precrisis level in the third quarter. In the fourth quarter, GDP is expected to diminish ...

Economic activity is strongly linked to the US, with which American Samoa conducts almost all its trade. Real GDP growth in recent years has has fallen by between 2.0% and 6.0% per annum, in the wake of Tropical Cyclone Gita. Government transfers ...

Antigua and Barbuda has one of the highest per-capita incomes in the Caribbean region. However, the economy will be severely impeded by COVID-19 related containment measures in 2020, particularly the travel restrictions in operation on the islands ...

The economy will experience a recssion in 2020. Economic activity collapsed in the second quarter of 2020, as lockdown measures to fight the Coronavrus (COVID-19) pandemic required many businesses to suspend activities and consumers to stay home. ...