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Real incomes of the population of the most developed countries, members of the Organization for Economic Cooperation and Development, in the first quarter of 2018 increased by 0.7% compared to the previous quarter, when growth was 0.4%. At the same time, the growth rates of the incomes turned out to be higher than the rates of economic development - the GDP growth per capita in these countries increased by 0.4%. The OECD report notes that the dynamics of income between different countries are significantly different. Among the countries that make up the G7, where revenue growth accelerated from 0.2% to 0.6%, the most significant acceleration was recorded in Germany, in the United Kingdom and in the United States. In the euro area, real incomes rose by 0.1%, in the EU, on the contrary, they decreased by 0.1%.
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 ...
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 second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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