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In the first quarter of 2018, Spain's economy grew by 0.7% compared to the previous quarter, according to preliminary data from the national statistical agency. The GDP growth in comparison with the fourth quarter of 2017 did not change. The indicator coincided with the forecasts of analysts. In annual terms, the Spanish economy grew by 2.9% after an increase of 3.1% in the fourth quarter, which was the weakest increase in three years. Experts had predicted an annual growth of 3.1%. It is also reported that, according to preliminary data, in April, the consumer price index increased by 1.1% in annual terms after an increase of 1.2% a month earlier. In March, the price increase was 0.8%.
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, ...
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 ...
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 ...
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