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Economic growth in India in the second quarter of 2018 accelerated to 8.2% from 7.7% in the previous quarter, official data show. Analysts had predicted a slowdown in the growth of Indian GDP to 7.6%. In the second quarter, the gross added value increased by 8%, while the experts had expected growth of 7.5%. Growth in the eight infrastructure sectors slowed to 6.6% compared to a rise of 7.6% in the previous quarter. In the second quarter, consumer spending grew by 8.6%, government spending – by 7.6%, and business investment – by 10%. Exports grew by 12.7%, imports – by 12.5%.
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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