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Ukraine's GDP fell by 0.7% in Q4 2020 State Statistics Service

(MENAFN - UkrinForm) Ukraine s gross domestic product (GDP) decreased by 0.7% in the fourth quarter of 2020 compared to the fourth quarter of 2019, the State Statistics Service has reported.
The country s GDP increased by 0.8% in the fourth quarter of 2020 compared to the previous quarter (taking into account the seasonal factor) and decreased by 0.7% compared to the fourth quarter of 2019.
According to the Ministry of Economic Development, Trade and Agriculture of Ukraine, the fall in GDP in 2020 was 4.2%. Ukraine s GDP declined by 1.3% in the first quarter of 2020 year-on-year, by 11.4% in the second quarter, and by 3.5% in the third quarter.
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Double-digit growth rates in Poland's foreign trade

(MENAFN - ING) Double-digit growth in merchandise exports and imports
The December surplus was five times lower than in November and compared to market consensus of €1.1bn and our projection of €0.9bn. However, there is a strong seasonality pattern in foreign trade, with lower volumes in December because of the holiday season. Nonetheless, Poland continues to be an exporting nation. And the rebound in imports is not necessarily a bad thing, as it may suggest a revival of domestic investment from its record low levels.
Poland posted current account surpluses in every single month of 2020, which made together €18.4bn (3.6% of GDP) in the pandemic year compared to a €2.6bn surplus in 2019 (0.5% of GDP). The merchandise trade surplus increased form €1.2bn in 2019 to €11.7bn in 2020. At the same time, Poland recorded a €24bn surplus in services accompanied by a sizeable €15.9bn deficit in primary income and €1.5bn deficit in secondary income, but these patte ....

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India's Trade Deficit Narrowed in January

By Maria Martinez
India s trade deficit in January narrowed compared with the same month the previous year, government data showed Monday.
The trade deficit for January stood at $14.54 billion compared with a $15.30 billion deficit in January 2020.
A smaller trade deficit was driven by a larger increase in exports than in imports. Exports posted a 6.16% increase from a year earlier to $27.45 billion, after remaining flat in December. Imports rose 2.03% to $41.99 billion, following November s 7.56% increase.
India, Asia s third-largest economy, has been running a significant trade deficit for more than 15 years. The growth of exports in recent years has been offset by increased imports mostly of energy and electronic goods. ....

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Poland: January jump supports our 2021 CPI call

(MENAFN - ING) The Central Statistical Office reported a strong increase in inflation in January, to 2.7% YoY compared to 2.4% in December and the consensus estimate at +2.4%. The inflation surge in January was the result of a strong increase in food prices, despite a high base, by 1.3% YoY vs. 0.8% YoY in December. This is due to a colder winter in Poland and Europe than a year ago, which pushed up fruit and vegetable prices. In addition, in Poland, this was compounded by higher sugar and trade taxes.
We estimate that core inflation also accelerated, to around 4% YoY vs 3.7% YoY in December. This is a result of, among other things, an increase in TV subscription fees, limited seasonal sales in January (malls were closed until the end of the month), and rising costs of companies, which have been passed on to consumers. ....

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Welcome To IANS Live - BUSINESS - India's YoY merchandise exports, imports rise in Jan (Roundup)

The country s merchandise exports during the month under review grew to $27.45 billion from $25.85 billion in January 2020. ....

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