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The South African economy showed an increase of 1.4% in the fourth quarter versus the third quarter, when there was a more significant increase - by 2.6%, official data showed. At the same time, the slowdown in economic growth turned out to be weaker than the forecasts of economists, who had expected that the rise would slow to 1.2%. In the second half of the year in South Africa, there was a rise in the economy after its decline during the first half of the year. GDP growth in the fourth quarter contributed to an increase in consumer spending by 3.2%. However, investment in fixed assets fell by 2.5%. In annual terms, the South African economy grew in the last quarter of last year by 1.1%. The data for the entire 2018 year showed a GDP growth of 0.8% and indicated a slowdown in its pace compared with a rise of 1.4% in 2017.
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 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 ...
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 ...
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