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IMF revises down forecast for Asian economy
The IMF on Tuesday revised down its forecast for the Asian economy amid the mounting COVID-19 fallout, projecting a 1.6-percent contraction in 2020.
U.S. economy shows signs of recovery, still far from healthy: Fed official
The U.S. economy is showing early signs of recovery, but it's still far from healthy and a full recovery will likely take years to achieve.
U.S. shut out in EU list of countries approved for entry
The United States, a traditional ally of the EU and a significant source of tourism, is not on the list.
UK PM unveils 5-bln-pound plan to fuel economic recovery
British Prime Minister Boris Johnson on Tuesday announced a 5-billion-pound plan to fuel economic recovery in the wake of the coronavirus crisis.
77 pct of German companies expect revenue losses in 2020: survey
More than three out of four German companies (77 percent) expected revenue losses in 2020 due to the COVID-19 pandemic.
S.Korea's business sentiment improves in June on policy effect
Sentiment among South Korean businesses improved this month due to the government's effort to reinvigorate industrial activity.
Vietnam's industrial production up slightly in H1
Vietnam's national index of industrial production advanced 2.7 percent year-on-year in the first half this year.
Venezuela asks EU ambassador to leave within 72 hours
"We will sort it out in 72 hours... she will be given a plane to leave, but we will arrange our things with the European Union," said Maduro.
S. Korea's economy struggles with COVID-19 shock in H1
South Korea's economy struggled with the COVID-19 shock in the first half of this year, but the economy was expected to recover in the H2.
S.Korea's industrial output keeps falling for 4 months
South Korea's industrial output kept falling for four straight months owing to an economic fallout from the COVID-19 outbreak.
U.S. Treasury Dept. not to delay tax-filing deadline for second time
The U.S. Treasury Department announced Monday that it won't delay the tax-filing deadline for a second time.
Japan's industrial output drops 8.4 pct in May
Japan's industrial output dropped in May from a month earlier as a result of waning demand and facility closures amid the global COVID-19 pandemic.
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Feature: Tourism rejuvenates old Silk Road town
