The Finance Ministry on Wednesday upgraded its overall assessment of regional economies for the second consecutive quarter, in another indication that the impact of the novel coronavirus pandemic is waning.
Regional economies are "showing signs of picking up," the October report said, with the evaluation revised upward from the July assessment that noted they have "recently stopped worsening" and that "some signs of picking up can be seen in parts."
Tempering the upgrade, however, the ministry repeated an expression used in the July report, assessing that the economies "remain in a severe situation."