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The Mexican economy in the first quarter, according to official data, slowed growth to 1.25% in annual terms, compared with an increase of 1.7% in the fourth quarter of 2018. Relative to the last quarter of last year, Mexican GDP fell by 0.17% after a weak growth of 0.03% a quarter earlier. At the same time in agriculture there was an increase of 5.8% compared to the same quarter of the previous year. This area showed an acceleration of pace in comparison with a rise of 2.9% in the fourth quarter. Growth was also noted in the service sector, where the figure rose by 1.9% after rising 2.7% a quarter earlier. The decline in the last quarter was shown by such areas as the mining industry, where the drop was at the level of 7.6% after a decrease of 7.3% a quarter earlier. Utilities fell by 0.7% after rising 1.4% in the previous quarter.
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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