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France's GDP grew by 0.3% in the last quarter of 2018, according to estimates by Insee. The slowdown in the growth of the second largest economy of the European Union is associated with anti-government protests. The budget deficit in Italy caused a conflict with Brussels. The same problem can be faced by Macron if he decides to fight the protests of the “yellow vests” with the help of government spending. In this case, France will exceed the budget deficit of 3% prescribed by the European Union.
Eurozone exports will be at risk if Britain leaves the EU without a deal. The financial performance is also influenced by the trade war between China and the United States. The economy of China is growing slowly and is reflected in imports from the eurozone. The growth forecasts for the EU economy in 2019 have already been revised by analysts. The European economy is expected to grow by 1.5%, which will be the lowest level since 2014.
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, ...
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 ...
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, ...
KYC Policy