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The economy of the eurozone in the second quarter grew at the weakest pace since the second quarter of 2016. According to preliminary data of Eurostat, GDP of the euro area grew by 0.3% compared to the first quarter and by 2.1% in annual terms. Compared with the increase in the first quarter by 0.4% in quarterly terms and by 2.5% in annual terms, the euro zone's economic growth slowed. Forecasts of analysts suggested an increase of the first indicator by 0.4%, in the second one- by 2.2%. Economists have voiced concerns about the growing tensions between the US and other countries that can reduce investment and exports in the euro area. Nevertheless, they expect an increase in the economic recovery in the second half of the year.
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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