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The government debt of Germany decreased in the first quarter by 40 billion 100 million euros to 1 trillion 950 billion euros, the Federal Statistical Office of Destatis reported. Last year, the absolute volume of debt and the debt burden on the economy of the FRG began to decline for the first time in all 22 years of its existence. Debts are reduced at all levels. Following the results of the first quarter, federal debt fell by 1%, the debt of federal lands - by 4%, unliquidated obligations of German cities and communes - by 2.5%. Thanks to the restoration of economic growth, record high employment and high demand for German exports, tax revenues in May rose by 6.8% compared to April. In 2018, the Ministry of Finance of Germany intends to place debt obligations in the amount of 181 billion to 185 billion euros in total.
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 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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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