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Mexico's GDP in the third quarter increased by 0.8% compared with the second quarter, when it was noted a decrease of 0.1%, national institute of statistics of Mexico reported, noting in the third quarter the most significant growth since the fourth quarter of last year. The country's return to economic growth was facilitated by a recovery in industry and services. Compared to the same quarter of 2017, GDP grew by 2.5%, slowing annual growth against a rise of 2.6% a quarter earlier. Economists had expected the first figure to grow by 0.9%, the second one - by 2.6%. Growth in the service sector in annual terms was at the level of 3.2%, in agriculture - at the level of 2.2%.
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 ...
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, ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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