Economic situation

                

 

In April 2020, the value of exports declined by 13.9% due to the Covid-19 pandemic

In April 2020, the value of exports of goods at current prices decreased by 13.9% annually. However, a more significant decline of 27.4% was observed for imports of goods. Therefore, the trade deficit has also decreased on an annual basis

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June 2020

Consumer prices continue to fall in May

In May 2020, compared to April, the consumer price level declined by 0.4%. The consumer price level for goods and services decreased by 0.5% and 0.1%, respectively.

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June 2020

Manufacturing volumes declined by 9% in April 2020

Manufacturing output in April 2020, based on both non-adjusted and calendar adjusted data, was 9% lower than a year ago. Overall, in January-April 2020, manufacturing output was 3.4% lower than a year ago (according to non-adjusted data).

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June 2020

The impact of Covid-19 pandemic evident in Q1 of 2020

GDP in the first quarter of 2020 was 1.5% lower than a year ago. Although the impact of Covid-19 pandemic on the economy became apparent only in mid-March, the overall economic slowdown was anticipated.

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May 2020

 

 

Last update:    16-06-2020