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According to official statistics, the economy of Sweden in the first quarter increased by 0.6% compared to the fourth quarter, when economic growth was twice as high - at the level of 1.2%. At the same time, the growth rate was better than economists' forecasts of 0.2%. GDP growth in annual terms at 2.1% also exceeded the forecasts of economists, who had expected growth by only 1.7%. Compared with the previous quarter, consumer spending in the past quarter decreased by 0.2%, while government spending increased by 0.1%. Sweden for the quarter recorded a growth in exports by 0.8% and a decline in imports by 0.7%. Based on the positive dynamics of Swedish GDP in the last two quarters, Swedbank experts do not expect a serious decline in the near future, suggesting that the Swedish Central Bank may raise the rate later this year.
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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