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In the second quarter of this year, GDP of Sweden increased by 1% compared to the first quarter, when its growth was 0.7%, according to preliminary official data. Analysts had predicted a slowdown to 0.5%. Compared to the same period last year, GDP of Sweden grew by 3.3% in the same way as in the previous quarter, the economists had predicted an increase of 2.6%. Sweden fixes GDP growth for 20 consecutive quarters. Over the past quarter, consumer spending grew by 0.9%, government spending - by 0.2%. Exports of goods and services increased by 0.5%, imports decreased by 0.1%. Employment in Sweden reached a record high. The level of public debt has fallen to a minimum since 1977.
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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