Gross domestic product

Another “Bitter pill” moment for the days-old second Tsipras government came on Friday when the relevant economy minister said the recession-battered country’s GDP would shrink by between 1.5 to 2.0 percent in election-plagued 2015.
Giorgos Stathakis confirmed projections for yet another year of economic downturn, and in the face of last year’s targets of a 2.9-percent hike in GDP.

The commitment to fiscal discipline in Turkey is a key factor in the "stable" outlook for the country's credit rating, Fitch Ratings Senior Director Paul Gamble told Anadolu Agency on Sept. 22.

Fitch affirmed Turkey's investment-grade credit rating at "BBB-" with the outlook as "stable," on Sept. 18.

Turkey?s gross domestic product (GDP) grew a higher-than-expected 3.8 percent year-on-year in the second quarter, a surprisingly positive move as opposed to an expected second-half slowdown in growth, according to data from the Turkish Statistics Institute (TÜ?K).

According to the latest estimates of Eurostat, which were released on Tuesday, the GDP of Bulgaria increased by 0.5 % in the second quarter compared to the first quarter of 2015.

This is slightly above the average GDP of the EU, which increased by 0.4 % compared to the previous quarter.

In the second quarter of 2015, the GDP of Bulgaria surpassed BGN 21 B, amounting to BGN 2928 per capita.

This represented a growth of 2.2 % compared to the same quarter last year and an increase of 0.5 % compared to the first quarter of 2015.

This is revealed by the preliminary figures of the National Statistical Institute (NSI), which were released on Friday.

The National Bank of Serbia (NBS) expects GDP to increase by 0.5 percent this year relative to the May projections which anticipated a stagnation.

Bulgaria's GDP rose by 2.2 per cent in the second quarter of 2015 compared to the same quarter in 2014 - higher than the EU average.

GDP recorded a growth of 0.4 per cent compared to the first quarter of the year, data also say, using estimates of the National Statistical Institute released on Friday.

In the second quarter of the year, the Gross Domestic Product (GDP) of Bulgaria increased by 2.2 % compared to the same quarter in 2014.

The GDP, which exceeded BGN 20.9 B, recorded a growth of 0.4 % compared to the first quarter of the year.

This is revealed by the flash estimates of the National Statistical Institute, which were released on Friday.

Russian Economy Minister Aleksei Ulyukayev has said Moscow might have to review its current economic growth forecast after the country's Q2 gross domestic output contracted more than expected.

Data published earlier this week showed Russia's GDP is down 4.6% in April-July compared to the second quarter of last year.

The IMF "will note positive economic developments in Serbia and increase the real GDP growth projection for 2015 to 0.5 percent."

This was reported on Tuesday by Serbia's state broadcaster RTS.