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The Bundesbank said that the growth of Europe's largest economy remains stable, Reuters reports. The monthly report of the Central Bank says that, despite some weakening of the general momentum in the first quarter, further acceleration of GDP growth is likely in the future. At the same time, the Bundesbank drew attention to the risk of a global trade war and noted that “already high capacity utilization will grow slower in the future”. In the first quarter, Germany's GDP growth slowed in quarterly terms from 0.6% to 0.3%, but concerns about the German economy fell slightly due to positive data on industrial production and exports of the country. The German Central Bank also noted that consumer sentiment “remains high, and global economic growth should remain buoyant in the coming quarters”.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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