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The Spanish government has worsened the forecast for GDP growth from 2.7% to 2.6% in 2018, and from 2.4% to 2.3% in 2019. As the Minister of Economy of Spain Nadia Calvino said, the lower forecast was due to a change in the country's export growth estimate down by 3.6% this year from a 4.3% rise expected earlier, as well as an increase in the unemployment forecast for the current year to 15, 5% from 15%, and to 13.8% from 13% next year. The Spanish Council of Ministers expects the budget deficit in 2019 to be 1.8%. The Spanish government also reported that it had sent a draft budget for 2019 to the European Commission.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
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 ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
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