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Euro Zone Fourth-Quarter GDP Falls Less Than Earlier Estimated

The European Union's statistics office Eurostat said GDP in the 19 countries sharing the euro contracted 0.6% quarter-on-quarter in the October-December period, for a 5.0% year-on-year fall.

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ANI

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Euro Zone GDP Falls Less Than Expected At End Of 2020

BW Online Bureau

Companies & Markets

The European Union's statistics office Eurostat said that according to its preliminary flash estimate, gross domestic product in the 19 countries sharing the euro fell by 0.7% quarter-on-quarter, for a 5.1% year-on-year decline.

Gap Between Resource Availability, Requirement Pose Challenge In NDC Implementation: Eco Survey

BW Online Bureau

Economy India

The implementation of which began on January 1, 2020, India has sought to reduce the emissions intensity of GDP by 33-35 per cent below 2005 levels by 2030.

UK Economy Grew By Record 16% In Third Quarter After First Lockdown Slump

BW Online Bureau

Companies & Markets Sector Reports

Gross domestic product grew by a record 16.0% in the third quarter - revised up from a previous estimate of 15.5% - but that still did not make up for its 18.8% slump in the April-June period when much of the economy was shut down.

UK GDP Growth Slows To Six-Month Low As COVID Hits Hospitality

BW Online Bureau

Companies & Markets Sector Reports

Gross domestic product rose 0.4% in October after expanding 1.1% in September, the Office for National Statistics said, the weakest growth since output collapsed in April during the first lockdown.

Rahul Gandhi blames "BJP's hate-filled cultural nationalism" for dip in per capita GDP, says Bangladesh will overtake India soon

ANI

National

Rahul Gandhi blames "BJP's hate-filled cultural nationalism" for dip in per capita GDP, says Bangladesh will overtake India soon

UK GDP Collapsed Nearly 20% In Second Quarter In Historic COVID Hit

BW Online Bureau

Economy

Britain's economy had already shrunk by 2.5% in the January-March period as the country entered lockdown in late March.

US federal debt to equal GDP by 2020-end: Congressional Budget Office

ANI

World

US federal debt to equal GDP by 2020-end: Congressional Budget Office

GDP Data For Q1 Coincided With Most Stringent Phase Of Lockdown, Situation Different Now: Hardeep Puri

ANI

Economy Policy

GDP data released now relates to Q1 of FY 2020-21 which coincided with its most stringent phase. Transport, manufacturing, mining, construction, tourism, hospitality, & services, accounting for about 65% of economy, were totally shut.

Indian Economy Likely To See Record Quarterly Slump As Pandemic Hits

BW Online Bureau

Economy India

Economists in a Reuters poll predicted that gross domestic product in world's fifth-largest economy will contract by 18.3% in the June quarter, compared to 3.1% growth in the previous quarter

UK Economy Shows Biggest Drop In 40 Years In Early 2020

BW Online Bureau

Economy

The household savings ratio shot up to 8.6% in the first quarter from 6.6% at the end of 2019.

ADNOC Inks $10 Billion Deal, Keeps Tight Control Of Costs Amid Market Downturn

BW Online Bureau

Economy

The venture will bring $10.1 billion in foreign direct investment to Abu Dhabi, where real gross domestic product (GDP) is expected to contract by 7.5% this year, according to S&P Global Ratings.