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Eurozone GDP in the first quarter of 2018 increased by 0.4% compared to the previous quarter and by 2.5% in annual terms, the final data of the Statistical Office Eurostat showed. Both indicators coincided with the forecasts of analysts. The growth rate of the euro area economy in quarterly terms in the first quarter was the weakest since the third quarter of 2016, but the recovery has been going on for 20 consecutive quarters. The EU's economy grew in the first quarter by 0.4% against the previous quarter and by 2.4% in annual terms. The biggest increase in quarterly terms was registered in Latvia and Poland - by 1.6%. The decrease in GDP was recorded in Estonia - by 0.1%.
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, ...
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, ...
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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