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GDP growth in the UK in the second quarter of 2018 accelerated to 0.4% from 0.2% in the first quarter, according to preliminary data from the office for National Statistics. In annual terms, the British economy grew by 1.3% compared to the growth of 1.2% in the previous quarter. Both indicators coincided with the forecasts of analysts. The volume of private consumption increased by 0.3% relative to the first quarter. Public spending grew by 0.4%, business investment - by 0.5%. Exports of the UK decreased by 3.6% compared to the previous quarter, imports - by 0.8%.
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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