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In the first quarter of 2018, the current account deficit of the US balance of payments grew by 6.9% to 124 billion 100 million dollars, which is the maximum rate since the fourth quarter of 2008, the country's Ministry of Trade reported. Analysts had expected even greater deficit growth - up to 129 billion dollars. Following the results of the first quarter, the current account deficit was 2.5% of US GDP, up from 2.4% of GDP in the previous quarter. Negative balance of trade in goods and services rose to 155 billion 630 million dollars. The positive balance of primary incomes fell to 62 billion 10 million dollars. The deficit of secondary income decreased to 30 billion 491 million dollars.
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 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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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