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World

Chilean market analysts predict decline of 6 pct in economy in 2020

SANTIAGO, Aug. 11 (Xinhua) -- Chilean market analysts estimate that the South American country's economy will fall by 6 percent in 2020, a slightly lower projection than the estimate made in July (6.10 percent), according to a report released by the Central Bank of Chile on Tuesday.

World

Brazil forecasts record output of 250.5 mln tons of grain in 2020

RIO DE JANEIRO, Aug. 11 (Xinhua) -- Brazil, one of the world's leading grain producers, expects to see a 3.8 percent increase in its output of cereals, beans and oilseeds in 2020 compared to 2019, for a record 250.5 million tons, the Brazilian Institute of Geography and Statistics (IBGE) said on Tuesday.

Business

OECD is expecting South Korea to outperform

SEOUL: South Korea will take the smallest hit to growth of any advanced economy this year after it was able to limit the spread of the coronavirus without imposing severe lockdowns, according to the Organisation for Economic Co-operation and Development (OECD).