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Economic News

China abandons GDP target in 2020

May 22, 2020

China stated that it does not intend to set an annual target indicator of economic growth this year, since it is much more important to focus on stabilizing the situation with employment and maintaining the standard of living of the population. It is noted that this is the first time that China has decided not to set a target level of GDP since it began this practice in 1990.The target for the budget deficit in 2020 as a percentage of GDP is 3.6%, which exceeds the level of 3%, which has long be ...Read More

Fed noted extreme uncertainty and significant economic risks due to pandemic

May 21, 2020

The publication of the minutes of the April FOMC meeting reflected the call of Fed leaders to action to save the economy from the consequences of the...Read More

Eurozone inflation slows to a minimum in April from 2016

May 20, 2020

According to the final data of the Statistical Office of the European Union (Eurostat), consumer prices in the eurozone in April rose by 0.3% in...Read More

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