In Brazil, in the third quarter, the highest GDP growth rates were recorded since the first quarter of last year. GDP increased by 0.8% compared with the second quarter, which matches economists' forecasts. In the previous quarter, the rise was at 0.2%. Official data also showed that relative to the same period last year, an increase of 1.3%. Experts had expected the economy to grow by 1.6% in a year. In the third quarter, the maximum increase in investments in the Brazilian economy was also noted, they grew by 6.6% in quarterly terms. Growth in consumer spending was 0.6%, government spending - 0.3%. The results of the third quarter showed an increase in exports by 6.7%, imports - by 10.2%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...