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According to the Office for National Statistics, the final estimate of the UK GDP growth for the first quarter is confirmed at 1.2% in annual terms, which is the weakest growth rate of the British economy since the second quarter of 2012. Compared to the previous quarter, the GDP growth estimate was revised upward, from 0.1% to 0.2%. Experts had not expect a review of the estimates of the economic recovery in monthly and annual terms. The volume of construction decreased in the first quarter by 0.8% against the previously estimated decrease of 2.7%. Consumer spending rose 0.2% for the quarter, showing the slowest pace since late 2016. Public expenditures in quarterly terms increased by 0.4%, capital investments decreased by 1.3%, the volume of imports decreased by 0.2%. The volume of exports did not changed.
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, ...
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 ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
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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