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The final assessment of the growth of the euro area economy is kept at the level of preliminary data. As Eurostat management reported, in the first quarter of 2019, euro area GDP grew by 0.4%, noting the maximum acceleration of growth over the last 3 quarters. In the fourth quarter, economic growth was at 0.2%. Compared with the first quarter of last year, the euro area economy increased by 1.2%, maintaining the growth rate of the fourth quarter of 2018. Both indicators corresponded to economists' estimates. The final statistics on the GDP of the European Union in the first quarter showed an acceleration in the growth rate of the EU economy to 0.5% from 0.3% a quarter earlier. In annual terms, GDP grew by 1.5%, just as in the fourth quarter of last year. Germany's GDP grew by 0.4% for the quarter. The French economy recorded an increase in quarterly terms by 0.3%, Italian GDP grew by 0.2%.
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 ...
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 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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