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The Japanese economy in the fourth quarter of last year increased by 0.5% compared with the third quarter and by 1.9% compared to the same quarter of the previous year. Such a final assessment of the state of the Japanese economy in the last quarter of 2018 was reported by the Economic and Social Research Institute of the country. Its quarterly estimate increased from a previously announced growth of 0.3%. The estimate for annual growth was improved from an expected 1.4% increase. The main contribution to the improvement of quarterly indicators was made by business investments, which grew by 2.7% compared to the previous quarter, instead of the previously expected growth by 2.4%. At the same time, government spending showed a more significant drop of 1.7% against a previously announced decline of 1.2%. Growth in consumer spending was at 0.4%.
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, ...
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 ...
KYC Policy