Baku 25° 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
21:38
Russia blocks import of Armenian roses via Belarus
Region21:20
Zelenskyy, Burnham discuss UK support, drone cooperation
Other countries21:08
Trump says US will resume major strikes on Iran if talks fail
Other countries20:42
Houthis say they targeted Saudi east-west oil transport
Other countries20:22
Ukraine exposes group accused of stealing donations for war support
Other countries20:18
Montenegro to require visas for citizens of Russia, China, Türkiye from November 1
Other countries20:04
AzTV chief: Channel will continue responding to Iranian information attacks
Media19:52
Pashinyan, Putin discuss issues in Armenia-Russia economic ties
Region19:33