SEOUL -- South Korea's central bank on Thursday expected the economy to contract 1.1 percent in 2020, 0.2 percentage points higher than its outlook estimated three months earlier.
The Bank of Korea (BOK) predicted the real gross domestic product (GDP), adjusted for inflation, to grow 3.0 percent in 2021, 0.2 percentage points above the previous forecast in late August. (S.Korea-GDP-Forecast)
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WASHINGTON -- Long lines and crowds at shopping centers have been as much a Thanksgiving tradition as the turkey dinner, but this year, things could look different.
As COVID-19 numbers continue to surge, rushing to brick-and-mortar retail stores might seem not so appealing to many, and the holiday shopping season is moving online. (US-Holiday Season-Online)
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NEW YORK -- Chinese bond market continues to be attractive to foreign investors thanks to higher yields and appreciation of RMB, according to multiple experts.
China's enterprise bond spreads, especially with high-yield ones, are still above their historical average and should compensate for a gradual rise in the overall rate of credit market defaults under an orderly deleveraging scenario, said Mark Haefele, chief investment officer of UBS Global Wealth Management, in a recent research note. (US-China-Bond Market)
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NEW DELHI -- The Indian government on Thursday decided to continue the suspension of international flights till the year-end due to the COVID-19 pandemic.
The suspension does not apply on international cargo flights to or from India, and those commercial passenger flights approved by the federal government. (India-Flights Suspension)