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The final data of the Statistical Office of the European Union showed that in the second quarter, GDP of 19 eurozone countries grew by 0.4%, having coincided with preliminary estimates and forecasts of analysts. In the first quarter, economic growth was also 0.4%. In annual terms, the euro area economy grew by 2.1%, while analysts had expected a rise of 2.2%. Consumer spending grew by 0.2%, government spending - by 0.4%, investments in fixed assets - by 1.2%. In the second quarter, exports increased by 0.6%, imports - by 1.1%. The economy of 28 EU countries in the second quarter relative to the previous quarter also grew by 0.4%. In annual terms, the EU's GDP growth was 2.1%.
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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