SEOUL -- South Korea's economy was expected to fall 1.1 percent in 2020 owing to the resurgence of the COVID-19, a state-run economic think tank said Tuesday.

It was down from the previous forecast of 0.2 percent growth unveiled in May, according to the Korea Development Institute. (South Korea-Economy)

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HONG KONG -- As the COVID-19 pandemic is still ravaging the world, major economies in the Asia Pacific region including Japan, India and Australia have witnessed negative GDP growth in the second quarter of 2020.

The International Monetary Fund in June revised down its forecast for the global economy amid mounting COVID-19 fallout, projecting a 4.9-percent contraction in 2020. (Hong Kong-Asia Pacific-Economy)

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TOKYO -- Japan's economy in the April-June period shrank an annualized real 28.1 percent from the previous quarter, downwardly revised from the 27.8 percent contraction initially reported, the government said in a report on Tuesday.

According to the Cabinet Office, the decline in real gross domestic product equates to a 7.9 percent decrease on a seasonally adjusted quarterly basis. (Japan-GDP)

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DUBLIN -- Ireland's gross domestic product (GDP) amounted to 82.3 billion euros (about 97.2 billion U.S. dollars) in the second quarter (Q2) of this year, down 3 percent compared with the same quarter of last year, according to the initial estimates released by the country's Central Statistics Office (CSO) on Monday.

In Q2 2020, all sectors except the industry sector in the country exhibited year-on-year declines due to the impact of the COVID-19 pandemic, with the sector of distribution, transport, hotels and restaurants recording a decrease of 32 percent, said the CSO. (Ireland-Q2-GDP)

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JERUSALEM -- The Israeli parliament has approved an economic plan to support and accelerate the Israeli economy during the coronavirus pandemic, a parliament spokesperson said on Monday night.

The plan totals 7.2 billion new shekels (about 2.1 billion U.S. dollars), initiated by Israeli Finance Minister Israel Katz. (Israel-COVID-19)

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MEXICO CITY -- Gross fixed investment in Mexico rose 20.1 percent in June compared to May, its first increase after four months of poor performance amid the COVID-19 pandemic, the National Institute of Statistics and Geography (Inegi) said on Monday.

However, the indicator plummeted 24.1 percent in June compared to the same month of 2019, dragged down by a drop in construction and the purchase of machinery, according to the Inegi report. (Mexico-Investment-Growth)

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SKOPJE -- The growth rate of the gross domestic product (GDP) in North Macedonia decreased by 12.7 percent in the second quarter of 2020, the country's Statistical Office said in a report on Monday.

In the second quarter of 2020, household final consumption, including non-profit institutions serving households, decreased by 9.9 percent in nominal terms, and its share in the GDP structure was 70.6 percent. (North Macedonia-GDP-Coronavirus) Enditem

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