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South Korea may return to economic growth in Q2. A contraction in the first quarter was surprising and happened mainly due to state spendings. The Republic of Korea is estimated to be adjusted by 1% since April in sequential terms. The median forecast in the survey of 12 experts was estimated from 0% to 1,3%. South Korea’s government delivered a rate cut, while shaving this year’s forecast to 2,2%, and it became the lowest in a decade. Korea now suffers the bigger pressure on its economy due to the trade conflict with Japan. The country limited its exports on key chips and display production materials which became one of the biggest risks to GDP. Korea’s exports declined for the seventh month in a row. For the first 20 days of July it decreased by 13,6% in annual terms.
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 ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...
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