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In the fourth quarter of 2018, the growth of the Indian economy slowed to 6.6% relative to the same quarter last year from 7.1% in the third quarter, official data showed. Economists also expected a slowdown in economic growth, but only to 6.7%. In the industry, a rise of 6.7% was recorded, in the financial sector - by 7.3%. Construction companies increased the mark by 9.6%, while output in the mining sector increased by 1.3%. Agricultural production grew by 2.7%. Export growth was at the level of 14.6%, imports - at the level of 14.7%. Government spending rose by 6.5%, while consumer spending showed an increase of 8.4%. Indian companies increased capital spending by 10.6%.
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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