GDP of Scotland, excluding oil and gas production in the North Sea, in the second quarter increased by 0.5% compared to the first quarter, when growth was 0.2%, the Scottish government reported. In the second quarter, Scotland outperformed the UK in terms of growth, the growth of which was 0.4%. Compared to the same period last year, the economy of Scotland increased by 1.7%, which is also higher than the growth of the British economy in 1.3%. Industrial production and power generation in Scotland grew by 4.6% in the second quarter, showing the highest growth rate since 2014. At the same time, production in agriculture and forestry decreased by 1.7%.
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 ...