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The German government worsened the country's GDP growth forecast for 2018 to 1.8% from the previously expected 2.3%. For 2019, the forecast has also been lowered to 1.8% from 2.1%. The German economy ended 2017 with an economic growth of 2.2%. The German Minister of Economy, Peter Altmaier, expects that in 2019, GDP will continue to grow and mark the 10th year of continuous growth, the longest recovery period since 1966. Domestic demand will continue to support growth. The strengthening of protectionist tendencies and trade conflicts in the world are among the risks, according to the minister. The government expects that in 2018, German exports will slow growth to 2.8% from 4.6% a year earlier, and next year its growth will accelerate to 3.7%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
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