India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF
The IMF Deputy Chief Economist, Petya Koeva Brooks also made a strong case for an additional economic stimulus to ...
Tag: contraction
South Africa’s GDP expands in fourth-quarter but records big annual contraction
South Africa’s gross domestic product grew quarter on quarter in the three months ending in December, led by expansion ...
Russia’s economy shrinks 3.1 percent in 2020, sharpest contraction in 11 years
The Russian economy shrank by 3.1 percent in 2020 amid the novel coronavirus pandemic, its sharpest contraction in 11 ...
U.S. economy suffers worst contraction in 74 years amid pandemic
The U.S. economy contracted 3.5 percent in 2020 amid the COVID-19 pandemic, the largest annual decline of U.S. gross ...