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GDP of Italy grew in the second quarter of this year by 0.2% compared to the first quarter, when the rise was 0.3%, according to the statistical agency Istat. Thus, the economic growth in Italy has slowed, but coincided with the forecasts of analysts. In annual terms, economy of Italy increased by 1.1%, while economists had predicted growth of 1.3%. GDP of Spain grew in the past quarter by 0.6% compared to the previous quarter and by 2.7% compared with the same period last year. The indicators have become the lowest since 2014. Analysts had expected growth of the first indicator by 0.7%, of the second one - by 2.8%.
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, ...
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