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Indonesia's GDP growth in the first quarter of this year was 5.07% compared to the same period a year earlier, official data showed a slowdown compared with a rise of 5.18% in the previous quarter. According to experts, it was expected to maintain growth at the level of 5.18%. Compared with the last quarter of last year, the Indonesian economy shrank by 0.52%, which exceeded the decline predicted by economists by 0.4%. Indonesia reduced exports by 2% year-on-year, due to a slowdown in global economic growth, as well as lower prices for such key export goods as palm oil and coal. Government spending rose by 5.2%, consumer spending - by 5%. The Indonesian government expects that in 2019, the country's economy will show the highest growth rates since 2013, an increase of 5.3%.
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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