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In the third quarter, growth in the British economy slowed down, and business confidence declined, a quarterly survey of the British Chamber of Commerce BCC showed. The balance of production companies that reported a decrease in domestic sales increased to 24 points,of service companies - to 23 points. Domestic orders in the manufacturing sector declined, while in the services sector they increased. The manufacturing industry reduced the balance of export sales to 19 points, export orders - to 14 points, which was the lowest since the end of 2016. The balance of export sales in the services sector declined to 14 points, the balance of export orders did not change, maintaining the level of 12 points. There has been a sharp drop in services companies attractive for hiring to the lowest since the first quarter of 1993 value of 47%. The share of such companies in the sphere of production decreased to 67% from 77%.
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 ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
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 Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...
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