Tag: GDP

World Forest Sector during the Pandemic: Poland

The coronavirus pandemic may cause the collapse of Polish furniture manufacturers, which face many production curtailments. The five main Polish furniture manufacturers estimate that the economic risk would be equivalent to two points of GDP, and asks that...

Impact of Covid 19 on timber markets: Italy

To cope with COVID-19, the country is going to allocate up to 20% of its GDP. With the quarantine, some furniture companies (Molteni, Poliform) cut back production. Natuzzi has also slowed down its operations and is looking for...

World Forests during the Pandemic: USA and Canada

The Canadian Government has announced that it would allocate CAD$82 billion (equal to 3% of its GDP) to support the economy. The measures announced provide for up to CAD$27 billion in direct support to Canadian employees and businesses...

World Forests during the Pandemic: Germany

Germany is going to give substantial help to its economy: the total fiscal measures declared by the authorities are worth €1.3 trillion (which is 37% of its GDP). Funds will be directed to help small businesses: all enterprises...

The International Monetary Fund gives new forecasts for the development of the Russian economy for two years ahead

According to estimates of the International Monetary Fund (IMF), economic growth in Russia will decline in 2019 by 0.2 percentage points and amounted to 1.6 %, and in 2020 – by 0.1 percentage points and will stay at...