gdp first quarter 2020 by country

Are you sure you want to delete your account? As China has managed to contain the spread of the coronavirus, it may experience GDP growth of 1.5 percent, the cartel said, which nevertheless is a huge decline from a growth rate of 6.1 percent in 2019. “This is going to be seized upon by both ends of the political spectrum as either evidence of the strength of the post-lockdown economic rebound or a cursory warning that the gains could be short-lived,” said James McCann, senior global economist at Aberdeen Standard Investments. Please note that most EU countries carried out benchmark revisions in 2019 which were mainly introduced in September-October. the national scope of employment) and employment in resident production units irrespective of the place of residence of the employed person (i.e. ‘LIKE A ROCKET’: US GDP ‘Booms’ at 33% GROWTH in 3rd QUARTER of 2020, ‘Fastest Pace Ever’ posted by Hannity Staff - 38 seconds ago The United States’ Gross Domestic Product soared in the third quarter of 2020; growing a whopping 33% as the country struggles to re-open during the global Coronavirus crisis. GDP components and contributions to growth, section National accounts (ESA 2010) (na10), Employment statistics within national accounts, United Nations Statistics Division 2008 SNA, Analysis on what was the Impact of COVID-19 on main GDP aggregates including employment for the first quarter of 2020 is provided in the Statistics Explained article. 11 June 2020 - Following the introduction of COVID-19 containment measures across the world, real gross domestic product (GDP) in the G20 area fell by 3.4% in the first quarter of 2020, the largest contraction since the time series started in 1998, according to provisional estimates.

Eurostat publishes mainly employment data measured in persons and in hours worked. The Chinese economy has been undermined by the novel coronavirus (COVID-19) outbreak, but the country has shown signs of moderate improvement recently. As a comparison, GDP fell by only 1.5% in the first quarter of 2009 at the height of the financial crisis. Unprecedented fall in OECD GDP by 9.8% in Q2 2020 . Your account has been deleted! A study on why Indian GDP Shrunk by 23.9% in the first quarter of 2020: Hit by the Covid-19 pandemic, India, the world’s fifth-largest economy has been turned into the second-worst performer in the Covid-19 hit the quarter of the financial year 2020-21. Please review our Privacy Policy. That brings growth for the first …

U.S. GDP shrunk by a record 32.9 percent in the second quarter of 2020, when annualized and adjusted for inflation. Exports decreased by 18.8 % in both the euro area and in the EU-27 (after -3.8 % in the euro area and -3.3 % in the EU-27). India (0.7%) and Turkey (0.6%) were the only two G20 economies recording positive growth in the first quarter of 2020. Second quarter of 2020 was still marked by COVID-19 containment measures in most Member States. The monthly report by OPEC on Thursday projected a severe recession in 2020 due to the COVID-19 pandemic, with China being no exception. The first quarter decline was five percent. The figure was the biggest Q1 loss listed by the OECD in 2020. Household final consumption expenditure had a strong negative contribution to GDP growth in both the euro area and the EU-27 (-6.6 and -6.3 percentage points – pp, respectively). While before, the fourth quarter of 2020, recorded the highest levels in employment since the beginning of the series in 1995. Worldwide, more than 2,153,000 people have been infected with COVID-19 and over 144,000 of them have died from the disease, according to Johns Hopkins University. GDP down by 11.8 % in the euro area and by 11.4 % in the EU-27. Distributed by Public, unedited and unaltered, on 11 June 2020 10:22:01 UTC, AbbVie : Logs 3Q Sales Growth on Higher Immunology, Oncology Results, Charter Communications : Posts Higher 3Q Profit and Revenue, Adds Customers, Brazilian payments firm Conductor raises $150 mln, eyes U.S. listing - CEO, Bharat Petroleum : India's BPCL puts Bina refinery expansion plan on hold pending privatisation, Chinese Food-And-Beverage Stocks Decline, Easing From Recent Gains, China stocks slip, but set to post monthly gains, OECD Quarterly National Accounts Database, Three banks seal merger to form Hungary's No.2 banking group, Amazon tells india market regulator its partner future retail misled public, shareholders on contract disclosures-letter, Ant Group's IPO sees record $3 trillion in retail demand, More information on quarterly national accounts at.

These data on employment provide a picture of labour input consistent with the output and income measure of national accounts. During the second quarter of 2020, GDP in the United States decreased by 9.0 % compared with the previous quarter (after -1.3 % in the first quarter of 2020). Lowest decreases were observed in Luxembourg (-0.6 %), Belgium (-0.8 %), Cyprus (-0.9 %), while Malta recorded some growth in employment in persons (+0.6 %). China's GDP has fallen by 6.8 percent year-on-year in the first quarter of 2020 amid the COVID-19 pandemic, the National Bureau of Statistics said on Friday. The ESA 2010 distinguishes between two employment concepts depending on geographical coverage: resident persons in employment (i.e. Azerbaijani Foreign Minister: Turkey’s Karabakh Stance Based on International Law, Armenian Foreign Minister Slams Idea of Implicitly Agreeing to Pull Forces From Karabakh, Exclusive: Saif al-Islam Gaddafi is the Only Candidate Who Can Lead Libya Out of Chaos, Muammar Gaddafi’s Cousin Says.

However, the number of hours worked decreased by 17.3 % in the euro area and by 14.3 % in the EU-27 in the second quarter of 2020 (after decrease by 3.5 % and 2.9 % in the first quarter of 2020). Real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. AP Photo / Ng Han Guan, Moscow Will Provide All Necessary Assistance to Yerevan if Fighting With Azerbaijan Shifts Into Armenia, Foreign Ministry Says. This page has been accessed 108,277 times.

As a comparison, GDP fell by only 1.5% in the first quarter of 2009 at the height of the financial crisis. The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules. To contact the team of moderators, write to, Get push notifications from Sputnik International,,, does not correspond with the subject of the post; promotes hatred and discrimination on racial, ethnic, sexual, religious or social basis or violates the rights of minorities; violates the rights of minors, causing them harm in any form, including moral damage; contains ideas of extremist nature or calls for other illegal activities; contains insults, threats to other users, individuals or specific organizations, denigrates dignity or undermines business reputations; contains insults or messages expressing disrespect to Sputnik; violates privacy, distributes personal data of third parties without their consent or violates privacy of correspondence; describes or references scenes of violence, cruelty to animals; contains information about methods of suicide, incites to commit suicide; pursues commercial objectives, contains improper advertising, unlawful political advertisement or links to other online resources containing such information; promotes products or services of third parties without proper authorization; contains offensive language or profanity and its derivatives, as well as hints of the use of lexical items falling within this definition; contains spam, advertises spamming, mass mailing services and promotes get-rich-quick schemes; promotes the use of narcotic / psychotropic substances, provides information on their production and use; contains links to viruses and malicious software; is part of an organized action involving large volumes of comments with identical or similar content ("flash mob"); “floods” the discussion thread with a large number of incoherent or irrelevant messages; violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling"); doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences. Year-on-year GDP in the G20 area contracted by (minus 1.5%) in the first quarter of 2020, following growth of 2.8% in the previous quarter. WATCH: Joe Biden confuses President Trump with George Bush. Second quarter of 2020 was still marked by COVID-19 containment measures in most Member States. Eurostat collects GDP and employment data in the framework of ESA 2010. Spain (-21.7 %), Portugal (-21.4 %) and Greece (-19.0 %) experienced highest decreases among Member States, while some lowest decreases were recorded in Croatia (-1.9 %), Romania (-2.1 %) and Poland (-2.3 %). "4 more years of George, uh, George…", — Trump War Room – Text TRUMP to 88022 (@TrumpWarRoom) October 26, 2020, posted by Hannity Staff - 38 seconds ago, © Sean Hannity and 2020.

Users can initiate the recovery of their account / unlock access by contacting the moderators at These were the sharpest declines observed since time series started in 1995. Among G20 economies, those that introduced stringent lockdowns measures earliest saw the largest contractions in GDP in the first quarter of 2020: China (by minus 9.8%), and France and Italy (minus 5.3%, in both countries). GDP decreased by 11.8 % in the euro area (EA-19) and 11.4 % in the EU-27 during the second quarter of 2020, compared with the previous quarter, according to an estimate (see Data sources below) published by Eurostat. “Four more years of George, uh, he uh, we’re going to find ourselves in a position where that if Trump is gets elected we’re going to be in a different world!”. Employment in persons decreased by 4.7 million in the euro area and by 5.7 million in the EU-27. Gross Domestic Product (GDP) … Post limit reached. Among the Member States, sharpest declines were recorded in Spain (-17.8 %), Croatia (-14.9 %) and Hungary (-14.6 %) in the second quarter of 2020, while the lowest declines were observed in Finland (-4.4 %), Estonia(-5.6 %) and Lithuania (-5.9 %). You can restore your account within 30 days by following the link sent to the e-mail address you entered during registration. We are committed to protecting your personal information and we have updated our Privacy Policy to comply with the General Data Protection Regulation (GDPR), a new EU regulation that went into effect on May 25, 2018.

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