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Turkey’s GDP declined by 9.9% y/y in the second quarter
Government spending declined by 0.8% y/y and gross fixed capital formation dropped by 6% y/y
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The Indian economy contracted by 23.9% y/y in the second quarter
Turkey’s real GDP declined by 9.9% y/y in Q2 2020, compared to a 4.4% increase in the previous quarter
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New bank loans in Brazil rose in July
Since March, the central bank has adopted measures to increase liquidity in the financial system and introduced capital requirements reliefs for banks.
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Brazil’s current account posts USD 1.6bn surplus in July
The current account in Brazil registered a surplus of USD 1.6bn in July 2020
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Malaysia reported 17.1% y/y GDP contraction in Q2 2020
Goods and services export and import volume, which declined in Q1, fell more considerably in Q2 by 21.7% y/y and 19.7% y/y, respectively
