World economy

The World Bank increased Turkey's gross domestic product (GDP) projection for 2020, according to its Global Economic Prospects report released on Jan. 5. 

The international financial institution estimates that the Turkish economy grew 0.5% in 2020, up from an estimated 3.8% contraction in June, "amid a substantial expansion in credit," the report said.

Ljubljana – Atlantic Droga Kolinska, Belinka Perkemija, TKK and iSystem Labs were honoured on Wednesday as best foreign investors for their excellent business performance and contribution to the development of the Slovenian economy. The awards are given out annually by the SPIRIT investment promotion agency and the economy ministry.

The United Nations (UNCTAD) has declared Invest India as a winner of the Investment Promotion Award 2020.

The award ceremony took place on 7th December 2020 at UNCTAD Headquarters in Geneva. This United Nations Investment Promotion Award is the highest-level award for investment promotion agencies. 

Turkey is focused on macroeconomic stability with transparent policies as well as fast and comprehensive reforms in the economy and law fields, as part of confidence-building measures, the country's industry and technology minister said on Dec. 7.

Ljubljana- The SPIRIT investment promotion agency will host an on-line conference intended for potential foreign and Slovenian investors and focusing on tourism, construction and innovative solutions.

The European Bank for Reconstruction and Development (EBRD) on June 10 said it will support the growth of small businesses in Turkey, especially ones led by women.

The bank will be joined by the JPMorgan Chase Foundation, which became the first private-sector philanthropic organization to co-finance grants for EBRD.

The coronavirus crisis served to demonstrate the importance of trade in services to ensure the sustainability of supply chains, and especially the importance of digital trade, according to Turkey's trade minister.

How will this novel coronavirus change world politics in the years to come? This century has seen three crises in its first two decades. The terrorist attacks of September 2001 did not kill very many people, but terrorism is like theater in which the shock of horror can create disproportionate effects on the global agenda.

Policy makers across the world are moving quickly to provide financial support to their economies, which are, in all likelihood, in deep recession. Given the unprecedented economic uncertainty associated with Covid-19, the depth and breadth of the downturn is hard to quantify. However, the global economic recession is unlikely to be short-lived.

The Organization for Economic Co-Operation and Development (OECD) slashed its 2020 global economic growth forecasts, in an update of its projections on March 2, in response to the coronavirus outbreak.