BUCHAREST (dpa-AFX) - Romania retail sales dropped in January, figures from the National Institute of Statistics showed on Thursday.Retail sales declined by a working-day adjusted 2.8 percent
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The retail turnover (except for trade in motor vehicles and motorcycles) increased in January compared to the corresponding month of the previous year, as gross series, by 1.7pct, and decreased by 2.8pct as series adjusted depending on the number of business days and seasonality, according to a report on Thursday of the National Institute of Statistics (INS), as reported by AGERPRES.
Thus, the retail turnover (except for the trade in motor vehicles and motorcycles) increased by 1.7pct, overall, as gross series, in January 2021, compared to January 2020 due to increases on sales of non-food products (+ 5.8pct) and on sales of food, beverages and tobacco (+ 1.5pct).
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KINSHASA, Mar 4 (Thomson Reuters Foundation) - Congolese teenager Bienvenu dreams of owning a clothing business but spends his days illegally driving a motorbike taxi in busy Kinshasa to support his family during the COVID-19 pandemic.
Navigating traffic and dodging cops in the Democratic Republic of Congo’s capital, the 16-year-old has been working as an underage moto-taxi driver - the legal minimum age is 18 - since his uncle lost his travel agency job five months ago.
Bienvenu is one of thousands of Congolese children estimated by charities to have joined the labour force over the last year due to the new coronavirus. As schools shut, many children started working to help put food on the table at home.
Rwanda’s economy
Rwanda’s economy is in a recession. Restrictions imposed to curb the coronavirus is piling pressure on the economy. Thousands face unemployment and there’s risk of more Rwandans falling into poverty. That’s why analysts are urging the government to take additional measures to spur growth in this East African nation. Retail trade, leisure, hospitality and conference tourism are key sectors hard hit.
The country of 12 million people has seen strict coronavirus-prevention measures in place since the onset of the COVID-19 pandemic. However, the Rwandan population has felt the effects of these measures - with 5% more unemployed since the start of the health crisis i.e. 550,000 people in 2021.
10 Best Mexican Stocks To Buy Now
With a GDP of about $1.27 trillion, Mexico is one of the notable emerging economies of the world, with strong growth prospects. The coronavirus crisis hammered the Mexican economy. Deloitte projected the country’s GDP growth in 2020 to come in at a negative 9%. However, as economic activity comes back to normal, there are signs of recovery which suggest that Mexico would be soon back on track. Deloitte said that the economy rebounded by 12.1% in the third quarter of 2020. Due to its close proximity and strong trade relations with the U.S., analysts expect that manufacturing activity in Mexico would rebound faster than its peers. For example, after registering a 100% decline by April, automobile manufacturing in Mexico rebounded sharply in October and reached 347,000 units. Similarly, wholesale and retail trade and transportation services registered annual decline of 10.3% in September, compared to a 26.5% decline annually in April.