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The Statistical Office of the EU published the final data on the growth of the eurozone economy in the third quarter, confirming a preliminary estimate of a quarterly increase by 0.2%, which reflects the lowest rate since the second quarter of 2014. Analysts also had not expected a change in the preliminary assessment. Over the year, the economy grew 1.6%, which is below the preliminary estimate of 1.7%. The EU economy grew by 0.3% in the third quarter compared to the second quarter and by 1.8% compared with the same period last year. The largest quarterly growth was observed in Malta - 3.6% and in Romania - 1.9%. The decline in GDP was observed in Lithuania, Germany, Sweden and Italy. Compared to the third quarter of 2017, GDP grew at the fastest pace in Malta, in Poland, Latvia and Hungary.
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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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