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The Brazilian economy in the fourth quarter added 0.1% compared to the third quarter, when its growth was at the level of 0.5%, official data showed. Economists had expected a 0.2% rise in GDP. Compared with the same quarter a year earlier, GDP showed an increase of 1.1%, with a 1.3% rise expected by analysts. The most significant increase in production was observed in the construction industry - by 4.6%, and in the mining industry - by 3.9%. Brazil in the last quarter of last year increased exports by 3.6% in quarterly terms and by 12% in annual terms. Imports decreased by 6.6% compared to the third quarter and increased by 6% compared with the same quarter of 2017. Relative to the previous quarter, consumer spending increased by 0.4%, while government spending decreased by 0.3%.
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 ...
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 ...
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, ...
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, ...
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