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The deficit of the state budget in the euro area in the first quarter was 0.1% in relation to GDP, declining from 0.6% in the fourth quarter of 2017, the data of the Statistical Office Eurostat showed. According to the European Union as a whole, the budget deficit decreased from 0.6% to 0.5%. Public debt declined in the EU countries from 81.6% to 81.5% in relation to GDP. At the same time, in the euro area, the deficit relative to GDP increased to 86.8% from 86.7% at the end of the fourth quarter of last year. The lowest indicators of public debt to GDP in the first quarter showed such countries as Estonia - 8.7%, Luxembourg - 22.2% and Bulgaria - 24.1%. The highest rates were recorded in Greece - 180.4%, Italy - 133.4% and in Portugal - 126.4%.
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 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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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