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The growth in real GDP of the countries that are members of the Organization for Economic Cooperation and Development in the first quarter of 2018 slowed to 0.5% compared with the 0.6% rise in the previous quarter. Among the G7 countries, growth slowdown was registered in France from 0.7% to 0.3%, in Germany - from 0.6% to 0.3%, in the USA - from 0.7% to 0.6%. Japan's GDP fell by 0.2% after rising 0.1% in the previous quarter. The states of the European Union increased the economy in the first quarter by 0.4%, compared to an increase of 0.6% in the fourth quarter of 2017. Relative to the same period last year, GDP growth in OECD countries in the first quarter of this year was 2.6%, slowing from 2.7% in the previous quarter.
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, ...
KYC Policy