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The economy of Greece grew by 0.2% in the second quarter relative to the previous quarter, when its growth was 0.9%, according to the National Statistical Service of the country. Compared to the same period last year, GDP of Greece grew by 1.8% after an increase of 2.5% in the first quarter. Exports of goods and services increased in annual terms by 9.5%, imports - by 4.2%. Growth in consumer spending amounted to 0.4%, business investment - 1.6%. At the same time, government spending fell by 2%. The rating agency Fitch in August raised the long-term rating of Greece in foreign currency from “B” to “BB-” against the background of improved public finances and relations with European creditors.
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