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The National Institute of Statistics and Economic Studies Insee published the final data on the growth of the country's economy in the fourth quarter of last year. Growth estimate for the quarter is confirmed at the level of 0.3%. Relative to the same quarter of 2017, the growth of the French economy was fixed at 0.9%. Both indicators confirmed the forecasts of experts. France's GDP for the whole 2018 increased by 1.6%. Compared with a rise by 2.3% a year earlier, economic growth in the country slowed down. The European Commission expects the French economy, the second largest in the eurozone, to grow by 1.5% in 2019. According to another official report, the index of business confidence in the country's economy in March amounted to 104 points, having risen from February's value of 103 points.
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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