World Bank cuts Romania's growth forecast to lowest in the region for 2025 and 2026
8 hours ago
There are currently 44 new hotels with 8,183 rooms under construction in Turkey, Top Hotel News reported on December 8.
Before the end of 2020, five hotels with 893 rooms will open while 15 hotels with 2,254 rooms will become operational in 2021.
As of December 8, Turkey had 1.89mn hotel beds and 875,984 hotel rooms.
In January-October, foreign tourist arrivals to Turkey declined to 11.2mn from 40.7mn a year ago. The coronavirus (COVID-19) crisis has decimated Turkey’s international tourism industry this year with officials expecting the loss of $20bn in annual revenues.
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World Bank cuts Romania's growth forecast to lowest in the region for 2025 and 2026
The World Bank has sharply revised downward its economic growth projections for Romania, now expecting GDP to grow by just 1.3% in 2025 and 1.9% in 2026.
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Slovak unemployment drops to 3.72% in March
Slovak unemployment slightly dropped to 3.72% in March, down by 0.07 percentage point from February and by 0.16 pp from March 2024, while the number of unemployed persons was the lowest on record since 1993.
IMF: Global growth is expected to decline and downside risks to intensify as major policy shifts unfold – WEO
After enduring a prolonged and unprecedented series of shocks, the global economy appeared to have stabilized, with steady yet underwhelming growth rates, the International Monetary Fund said in its latest World Economic Outlook.
Romania's public deficit reaches new record in 2024
Romania posted the widest general government budget deficit among EU member states at 9.3% of GDP, nearly three times the EU average.
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