SEOUL — South Korea’s real gross domestic product (GDP), adjusted for inflation, grew 0.7 percent in the second quarter from the previous quarter, central bank data showed Tuesday.
It was down from an increase of 1.7 percent in the first quarter, but the real GDP kept rising for the fourth straight quarter, according to the Bank of Korea. (South Korea-GDP)
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WASHINGTON — The majority of respondents anticipate a strong growth trajectory for U.S. real gross domestic product (GDP) going forward, while highlighting the issues of labor shortages and higher resource prices, according to a National Association for Business Economics (NABE) survey released Monday.
Results of the July NABE Business Conditions Survey showed that two-thirds of respondents report that sales at their firms increased in the second quarter of 2021, while only 3 percent indicate sales declined. (US-Labor-Price)
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KAMPALA — Uganda’s central bank on Monday said that the provisional data shows the country’s public debts as of end of April 2021 stood at 66.1 trillion shillings (18.9 billion U.S. dollars), up 15.1 percent from June 2020.
The Bank of Uganda, in the state of economy report June 2021 issued here, attributed the increase to a 33.6 percent growth in domestic debts. (Uganda-Debt)
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BERLIN — Sentiment in the German economy “clouded over” as the business climate index in July slightly fell to 100.8 points, the ifo Institute announced on Monday.
Expectations for the coming months were “significantly less optimistic,” the ifo Institute noted. Supply bottlenecks as well as concerns over newly rising COVID-19 infection numbers were “weighing on the German economy.” (Germany-Economy-COVID-19)
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