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In the first quarter, the economy of Moldova increased by 3.7% in annual terms to 37 billion 609 million leu, the Bureau for National Statistics said. The report notes that wholesale and retail trade, maintenance and repair of vehicles, transport and storage contributed to the GDP growth. At the same time, net exports for the quarter fell by 2.3% due to a significant predominance of imports of goods and services over exports. In the first quarter, final consumption of households increased by 4%. The Ministry of Economy and Infrastructure of Moldova forecasts GDP growth of 3.8% in 2018.
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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