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The economy of Japan in the first quarter may decline for the first time in two years due to weak domestic consumption and a softer demand for exports, the Reuters survey showed. Prior to this, the Japanese economy expanded eight consecutive quarters. However, analysts believe that this is only a temporary easing. The growth of the global economy will contribute to the recovery of Japan in the second quarter. Survey participants expect that Japan's GDP in the first quarter fell by 0.2% after rising 1.6% in the previous quarter, which will be the first reduction from the end of 2015 amid a slowdown in industrial production and a decline in business sentiment among companies.
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 ...
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
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, ...
KYC Policy