Thousands of people took to the streets of central Beirut to demand a new independent government to lift Lebanon out of its deepening economic crisis.
The rating agency revises Turkey's economic growth rate to 4 and 5 percent for 2021 and 2022, respectively.
Rating agency Fitch keeps Turkey’s credit status at “BB-” and revises outlook from “negative” to “stable”.
Although the novel coronavirus caused a decline in economic activity and employment in the second quarter of 2020, the IMF said the initial policy response to the pandemic led to a sharp rebound in gross domestic product (GDP).
The protesters have made no clear demands in demonstrations, which authorities described as riots, held in some 10 cities around the country.
GDP of the world's second biggest economy grew 2.3 percent in 2020, making the Asian giant the only major economy in the world to avoid a contraction last year.
Turkish economy is projected to grow 2.6 percent and 3.5 percent in 2021 and 2022 respectively in latest economic survey by Organisation for Economic Co-operation and Development.
India's economy contracted between July and September, putting it among the worst-performing major advanced and emerging economies.
A Peruvian judge banned ousted president Martin Vizcarra from leaving the country days after his dismissal by Congress as the country's political crisis continues.
Britain’s economy had already shrunk by 2.5 percent in the January-March period as the country entered lockdown in late March.
The IMF predicts that the global economy will shrink 4.9 percent this year, calculating damages worse than from any other downturn since the Great Depression of the 1930s.
Gross domestic product at current prices amounted to $176.1 billion in the January-March period says the Turkish Statistical Institute.
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