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The Bundesbank published a monthly report in which it set forth a new assessment of Europe’s largest economy. The Central Bank expects that in the second quarter Germany may experience stagnation amid a weakening manufacturing sector, which will be caused by a decrease in external demand. According to the regulator, the German economy in the first quarter showed growth due to such one-off factors as government stimulation, a temporary recovery in demand for cars and good weather conditions. In the second quarter, the bank expects downward pressure in industry against the background of growing tension in trade relations between the US and China, as well as in connection with the possible imposition of US import duties on German cars. At the same time, industrial sectors oriented towards the domestic market will show growth against the background of a strong labor market and low interest rates.
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, ...
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 outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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 ...
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