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The UK economy in July 2018 increased by 0.3% compared with June, helped by the recovery of consumer spending and construction on the background of warm weather, according to the Office for National Statistics. For the period of three months to July, the UK's GDP increased by 0.6% compared to the previous three months and by 2.4% in annual terms, due to the growth in retail and service sector production. In addition, the statistics showed that the growth in exports in July exceeded the increase in imports. The deficit of the UK trade balance with other countries of the world has decreased to 10 billion pounds sterling from 10 billion 700 million pounds in June.
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 ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The Dollar traded lower earlier on Friday in Asia, continuing its descent from the previous session as the U.S. struggles to curb the rapid increase of COVID-19 cases in the country. In addition, recent data showing an unexpected rise in unemployment ...
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 ...
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