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The Organization for Economic Cooperation and Development reported a change in the forecast for global economic growth in 2019 to 3.3% from a previously predicted rise of 3.5%. The new forecast indicates a significant slowdown in growth compared with last year's rise of 3.6%, which is explained by the likelihood of a further slowdown in world trade, as well as the situation with the release of the UK from the EU. However, in 2020, growth is expected to accelerate to 3.4%. Experts of the Organization have worsened the growth forecast for the eurozone for this year from 1.8% to 1%. The most difficult economic situation will continue in Italy, where GDP is expected to decline by 0.2%. The growth forecast for the USA is lowered slightly - from 2.7% to 2.6%. In China, a slowdown is expected from 6.6% to 6.2%. India will remain the leader of economic growth among the G20 countries, where GDP will grow by 7.2% after rising by 7% in 2018.
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 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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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