Coronavirus: United Kingdom, facing worst recession on record, sees GDP drop 20.4% in Q2

The UK has seen its economy, hit by the coronavirus crisis, suffer a "record" contraction of 20.4% in the second quarter, and is officially facing its worst recession on record, agency figures show National Statistics (ONS), published Wednesday 12 August. 
Economists consider that a country enters a technical recession when it accumulates two consecutive quarters of contraction in its economy. According to the ONS, most of the contraction, which began to be felt in March, occurred in April, an entire month of containment and almost total cessation of activity in the country, which saw production collapsed by 20%.

With a very early recovery in construction sites and manufacturing activity, gross domestic product (GDP) rebounded in May by 2.4% (revised figure), followed by an acceleration in June (+8.7 %) thanks in particular to the reopening of all shops. This is the biggest contraction in the UK economy since the ONS began these quarterly statistics in 1955, he said…

OPEC opens applications for its program for nationals of its member countries

OPEC has launched applications for its young professional program. It spans two years and will offer training, coaching and mentoring sessions to prepare participants for a career in global development.
 
OPEC opens applications for its program for nationals of its member countries

The Organization of the Petroleum Exporting Countries (OPEC) opened applications for its Young Professional Development Program (YPDP) on June 30.

The YPDP offers training, coaching and mentoring sessions, the possibility of discovering different services and access to professional networks. The program equips young professionals with the skills and knowledge to meet the requirements for a career in global development or to apply for an entry-level position with OPEC.




To be selected, applicants must: be 30 years of age or younger, have a master's degree specializing in development, engineering, economics, finance, business administration, law, technology information, human resources or any other discipline relevant to OPEC Fund operations. Applicants must also be fluent in English and at least one second language.

The program lasts two years. Successful applicants will be supported by OPEC. The deadline for applications is September 21, 2020.