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The Scottish government reported that in the third quarter, GDP, which did not take into account the oil and gas industry in the North Sea, increased by 0.3% compared to the second quarter, when the economic recovery was at 0.5%. Thus, Scotland’s GDP growth not only slowed down, but turned out to be 2 times lower than the UK GDP growth of 0.6% in quarterly terms. Compared with the same period last year, the Scottish economy grew by 1.5%. The index coincided with the growth of the British economy as a whole. The rise for the quarter was recorded in the services sector by 0.3%, in construction - by 2.7%. At the same time in the field of industrial production there was a decrease of 0.7%.
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 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 steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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