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Thailand's economy shrank by 4.2% y/y in Q4 2020
Real GDP increased by a seasonally adjusted 1.3% q/q, settling down after a rise of 6.5% q/q in Q3 2020
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The historic increase in India’s foreign exchange reserves
India has become a beneficiary of the resultant liquidity in the international markets
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Colombia's GDP declined by 3.6% y/y in Q4 2020
From a sectoral perspective, the biggest falls in output were for construction (27.7% y/y), mining and quarrying (19.3%) and artistic, entertainment and recreational activities (7.3%)
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Poland's GDP contracted by 2.8% both in Q4 2020 y/y and in the full year 2020
The Q4 outturn resulted in a year-average decline of 2.8% for 2020 following growth of 4.5% in 2019
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Japan's economy grew by 12.7% q/q annualised in Q4 2020
This translates into a seasonally adjusted annualised growth rate of 12.7% q/q in Q4 2020
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Contraction in card payments in India
In India, debit cards are a more popular form of card payment as compared to credit cards due to the stringent pre-requisites needed for the latter,
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Brazil’s services sector plunged in 2020
The segment of miscellaneous services – which include stock exchanges and brokerages – recorded a positive performance in the year
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China’s foreign exchange reserves stay stable in the beginning of 2021
The monthly increase by USD 50.5bn in November 2020 was the largest in seven years