Reuters conducted a survey of 22 bank economists and analysts on the prospects for the German economy. According to participants in the survey, German GDP in the first quarter of 2019 will grow by an average of 0.4%. Economists also expressed the view that the revival of construction and the increase in consumer demand will help the German economy to quickly return to growth. The second half of last year caused concern about the future dynamics of Europe’s largest economy, since Germany reduced GDP by 0.2% in the third quarter and ended the year with stagnation. In the first quarter of this year, industrial production, according to the Ministry for Economic Affairs, increased by 0.5% compared to the previous quarter, mainly due to a 3.9% rise in the construction industry.
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, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...