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The Canadian economy grew in March by 0.5% compared to February, statistics showed. Economists had expected GDP to grow by 0.4% after a February decline of 0.2%. In annual terms, the Canadian economy increased by 1.4% to 1.955 trillion Canadian dollars. The manufacturing industry showed an increase in production of 0.7%, while a month earlier it was noted a decline of 0.7%. Retail sales slowed growth to 0.4% from 0.5%. Wholesale trade increased its turnover by 1.1%, significantly accelerating its pace after a 0.2% increase in February. The construction sector recorded a 0.5% rise in production after a decline of 0.9% a month earlier. In the transport industry, there was an increase of 1.4% after a February decline of 1.3%. In the first quarter, Canada’s GDP rose 0.4% from the same period last year. Compared with a 0.3% rise in February, economic growth accelerated.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
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 reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
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