Mon, 30 Nov 2020

Xinhua world economic summary at 0900 GMT, Oct. 27

Xinhua
27 Oct 2020, 20:44 GMT+10

SEOUL -- South Korea's gross domestic product (GDP) recorded the first rebound in three quarters amid a lingering uncertainty over the COVID-19 pandemic, central bank data showed Tuesday.

Real GDP, adjusted for inflation, grew 1.9 percent in the July-September quarter from the previous quarter, according to the Bank of Korea. (S.Korea-GDP)

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COPENHAGEN -- The growth of China's economy is important for Danish companies, said Allen Sorensen, chief economist at the Confederation of Danish Industry (DI).

"The Chinese market is growing faster than our traditional export markets in Europe and the United States and takes a larger share of Danish total exports today than it did 10 or 20 years ago," said Sorensen in an interview with Xinhua, on the eve of the upcoming third China International Import Expo (CIIE). (Denmark-China)

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BRASILIA -- Brazilian financial analysts upgraded their economic growth forecast for 2020, from a 5 percent drop in gross domestic product (GDP) to a 4.81 percent drop, the Central Bank of Brazil said Monday.

They also downgraded their growth projection for 2021, from a 3.47 percent rise in the GDP to a 3.42 percent rise. (Brazil-Economy-Forecast)

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KIGALI -- Rwanda is going to mobilize 699.1 million U.S. dollar funding from different sources to reduce non-communicable diseases under a five-year strategic plan unveiled on Monday.

The plan, which covers a period from 2020 to 2025, aims to ensure that, by 2025, premature death linked to non-communicable diseases is reduced by 25 percent, Rwandan Minister of Health Daniel Ngamije said at the World Health Summit being held online on Oct. 25-27. (Rwanda-Disease-Plan)

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