Baku 29° C
OECD sees economic fall of 10%
Finance
- 26 August, 2020
- 13:55
In the second quarter of 2020, the value of real Gross Domestic Product (GDP) in the Organization for Economic Cooperation and Development (OECD) region decreased by 9.8% year-on-year due to the coronavirus.
The OECD report says that during the quarter, the economic downturn was 20.4% in the UK, 9.5% in the US, 9.7% in Germany, 7.8% in Japan, 13.8% in France, 11.7% in the European Union, and 12,1% in the eurozone.
Author
Latest News
11:48
PUIC conference participants in Baku welcome Iran-US deal
Milli Majlis11:47
Insurance key to economic resilience, Turkish official says
Finance11:35
NATO Special Rep for South Caucasus visits Azerbaijan
Foreign policy11:34
Photo
Baku Steel Company Represented at the 5th Tashkent International Investment Forum
Business11:33
Uzbekistan identifies 4 key areas for attracting IFI investment
Business11:18
Photo
Ethnic cleansing of Azerbaijanis in Armenia highlighted at Washington conference
Foreign policy11:03
Kyrgyz economy minister identifies main challenge facing Eurasian countries in competition for investment
Business11:01
Citynet has been refreshed – now even more convenient for everyone
ICT10:51