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The Canadian economy in September reduced the volume after a 7-month continuous growth. As shown by Statistics, Canada's GDP fell by 0.1% from the previous month to 1 trillion 942 billion Canadian dollars, while experts had expected it to increase by 0.1%. In annual terms, the Canadian economy grew by 2.1%. The fall in production in September was recorded in the manufacturing industry and wholesale trade, where the figure fell by 0.7%. At the same time, retail trade showed a monthly growth of 0.4% after its index decreased by 0.3% in August. Statistics for the third quarter show GDP growth of 0.5% compared with the second quarter and 2% compared to the same period last year.
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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