GDP of Italy, the eurozone's third largest economy, in the second quarter of this year increased by 0.2% compared to the previous quarter, when the recovery was at 0.3%, the final data of Istat showed. The indicator coincided with the forecasts of analysts. In annual terms, the economy of Italy increased by 1.2%. For the quarter, final consumption expenditure on households increased by 0.1%. Investments rose by 2.9%. In the second quarter, Italy increased its exports by 1.8%, imports - by 0.9%.
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 ...
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 ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...