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In the second quarter, the economy of Latvia, adjusted for seasonal fluctuations and adjustments for working days, increased by 0.8% compared to the previous quarter, when growth was 1.5%, according to preliminary data from the Bureau for Central Statistics, finversia.ru wrote. Relative to the same period last year, GDP of Latvia grew by 4.2% after its growth of 4.8% in the first quarter. Excluding seasonal adjustment, economic growth in annual terms accelerated to 5.1% from 4%. According to another agency report, retail sales in Latvia increased in June by 5.9% in annual terms after the rise of 6.9% a month earlier. Compared to May, the indicator fell to 2.3% from 3.3%.
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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