The US Department of Commerce reported that the current account deficit of the country's balance of payments in the second quarter decreased by 16.6% to $101.5 billion, having fallen to a minimum since the fourth quarter of 2015. Experts had expected the drop to 103.5 billion dollars. The current account deficit in the second quarter in the volume of 2% of US GDP fell from 2.4% of GDP in the first quarter, noting the lowest value since the third quarter of 2014. In the second quarter, the US trade deficit also declined to $133 billion 800 million from $154 billion a quarter earlier.
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 ...