outcome given it is a widespread public health crisis affecting the global economics which is different from economic crises happened in the past. Net interest income increased by 5.6 percent from the first
income. Public spending also increased from spending on goods and services and compensation expenses while capital spending declined from the high base effect of last year from the disbursement of
continued to expand from the previous quarter. The value of merchandise exports expanded in line with trading partners’ growth, global trade and the impacts of trade protectionism measures by the US and China
repercussions on the global economy, compounded by a steep recession. It was a grim scenario, with uncertainty looming large. One year later, we stand in a very different place. Brent crude oil price has had a
Total Revenues 4,432 4,888 -455 -9.32% Sales and service income 4,244 4,747 -503 -10.60% Gains on Exchange rate 108 52 56 107.01% Other Income 80 88 -8 -9.09% Cost of Sales and Services 3,848 4,214 -366
the year and from additional government measures to support low-income households, although these may gradually decrease. Private investment was also expected to slow down due partly to a decline in
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export prices along with global crude oil prices. Meanwhile, tourism sector and private consumption continued to expand especially on account of spending by medium and high income households, although