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GDP of Brazil in the second quarter of 2018 grew by 0.2% compared to the previous quarter, when the increase was 0.1%, the Ministry of Economy reported. Analysts had expected GDP growth of 0.1%. A large-scale strike of truck drivers in Brazil, which paralyzed a number of important sectors of the country's economy, was a constraining factor for economic growth. Industrial production decreased in the second quarter compared with the previous quarter by 0.6%. In the service sector, growth was registered at the level of 0.3%, in the agricultural sector – at 1.3%. Growth in consumer spending slowed to 0.1% from 0.4% a quarter earlier. State expenses increased by 0.5%, capital expenditures decreased by 1.8%.
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 ...
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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