Gross domestic product

IMF: Trade Wars Affect the Global Economy

Trade wars around the world have a strong negative impact on global economic growth. The International Monetary Fund has warned about this.

The Executive Director of the Fund Kristalina Georgieva commented that global losses could total $ 700 billion by 2020, or about 0.8% of GDP. For comparison, this is the approximate annual GDP of Switzerland.

The Cause of the NRA's Data Leak Revealed

"The personal identity code provided by the National Revenue Agency to users is the lowest level of protection," said Atanas Temelkov, chair of the State E-government Agency addressing the parliamentary ad-hoc committee investigating the leak of the personal data of 5 million Bulgarian citizens from the National Revenue Agency (NRA), BNR reported.

Romania's economy advances 4.7pct in H1 2019, fuelled by consumption

Romania's Gross Domestic Product (GDP) in the first six months of 2019 by 4.7pct in unadjusted terms and by 4.8pct when adjusted for seasonality, compared with H1 2018, mainly fuelled by household consumption, according to provisional data released on Friday by the National Institute of Statistics (INS).

3.5% Increase in GDP in the Second Quarter of 2019 Compared to 2018

A 3.5% increase in Gross Domestic Product in the second quarter of 2019 compared to the same period a year earlier reported National Statistical Institute (NSI), quoted by BNT. 

National statistics estimate that GDP for the second quarter of the year amounts to 29 107 million at current prices. Converted to euro, it amounts to EUR 14 882 million and per capita amounts to EUR 2 128.

National effort

The future of the world economy is yet again becoming more precarious. Germany, Europe's largest economy, appears to be heading for a recession, while at the same time political developments in Italy, where there is an increased likelihood that the coalition government could imploded, have triggered yet more insecurity.