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The National Institute for Economic and Social Research lowered the UK's economic growth forecast for 2018 to 1.4% from the previously expected 1.8% rise after a weak GDP growth in the first quarter - just 0.1%. NIERS economist, Amit Kara, said that it was not yet clear whether this had been a temporary slowdown. According to the estimates of the Bank of England, the British economy this year will grow by 1.8%. However, according to Kara, the uncertainty that has arisen may postpone the interest rate increase this week by the regulator, and then the Bank of England will raise rates every 6 months. NIERS expects a quarterly growth of an average of 0.4%.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
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 ...
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 ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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