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.
Prime Minister Li Keqiang told the opening of the National People's Congress that Beijing will not set an economic growth target due to the "great uncertainty" caused by the coronavirus pandemic.
The drop mounts pressure on Chinese leaders to avert politically dangerous job losses as they fight a tariff war with US President Donald Trump over Beijing's trade surplus and technology ambitions.
In January, the current account posted an $813-million deficit, improving from a $7-billion deficit in the same month last year.
Malaysian Prime Minister Mahathir Mohamad says he plans to cut the $251.67 billion national debt, which is 65 percent of the country's GDP. He blames abuses by ousted premier Najib Razak's rule.
Turkey's economy grew five percent for the first quarter of 2017, exceeding expectations.
The news could not have come at a better time for Brazilian President Michel Temer, who is battling a corruption scandal.
Slowing growth and rising debt prompted Moody's credit-rating agency to issue the downgrade. Falling investment and a fast aging population are other factors that contributed to the revision.
World's largest economy grows at slowest pace in two years, signalling a weakening outlook for all sectors except the housing market.
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