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The economy of the euro area in the first quarter increased by 0.4% compared to the last quarter of 2017 and by 2.5% compared to the same period last year, preliminary data of the Statistical Agency Eurostat showed. GDP growth slowed down compared to the economic growth of 0.7% in the previous quarter. The growth indicators in April coincided with the expectations of the economists. Analysts predict that the growth rate of the euro area economy in the coming quarters will slow to a healthy growth rate of about 2% in annual terms.
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, ...
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 outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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