Baku 27° 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
14:18
Photo
Heydar Aliyev Foundation signs MoU with Vatican's Bambino Gesù Hospital
Foreign policy14:16
Keir Starmer slams Poland incident as 'an extremely reckless move by Russia'
Other countries14:13
Photo
President Ilham Aliyev attended opening of Samad Vurgun Creativity House of the Writers" Union
Cultural policy14:10
Rostomi Lezhava: Transit time between Azerbaijan, Georgia to be reduced to three hours
Infrastructure14:06
Photo
ADSEA, SOCAR Green agree to co-op in energy efficiency
Infrastructure14:06
Polish Foreign Ministry summons Russia's Chargé d'Affaires after UAV incident
Other countries13:48
Photo
Azerbaijan, Hungary sign water management cooperation memorandum
Infrastructure13:34
Azerbaijan to explore air-to-water technology through 2027
Infrastructure13:21