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Added on the 05/08/2020 14:00:00 - Copyright : EFE Inglés
Singapore, Jan 4 (EFE/EPA).- Singapore's gross domestic product (GDP) shrank by 5.8 percent during 2020, its worst contraction since independence from Malaysia in 1965, weighed down by the economic impact of the Covid-19 pandemic.This is the fourth straight quarter of decline of the GDP of the city-state, whose economy is in recession.The last time this happened was during the tech bubble burst in 2001. (Camera: WALLACE WOON).B-ROLL OF THE FINANCIAL DISTRICT IN SINGAPORE.
Americans bought more gardening and sporting goods equipment, helping boost retail sales. As Fred Katayama reports, it's another sign the economy has picked up speed.
South Africa’s finance minister forecasts the economy will grow by 4.8 percent, a revision to the 5.1 percent growth previously forecast. While presenting the country's 2022 budget to parliament, minister Enoch Godongwana says "Commodity prices... also, violent unrest in July; restrictions imposed to manage the third wave of Covid-19 further eroded the gains made in the first half of the year." SOUNDBITE
Madrid, 11 oct (EFE).- The Spanish stock market fell 0.63 percent Monday and has lost 8,900 points affected by the fall in large stocks and some European markets, according to market data.(Camera: EFE)
Tokyo, Aug 10 (EFE).- Japan recorded a current account surplus of 905.1 billion yen ($8.2 billion) in June, marking its 84th consecutive month of positive balance, the government reported Tuesday.The figure is 510.3 percent higher than that recorded in the same month of the previous year and 54.2 percent lower than in the month of May, according to preliminary data released by the finance ministry.The country's trade balance in June logged a surplus of 648.5 billion yen in contrast to a deficit of 17.2 billion yen a year ago. (Camera: ARCHIVE).ARCHIVE FOOTAGE SHOWS PEDESTRIANS ON STREETS OF TOKYO, AND PEDESTRIANS WALK ONT HE SHIBUYA SCRAMBLE CROSSWAY IN TOKYO, JAPAN.
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