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The budget deficit in the UK in the fiscal year ended March 2018 amounted to 42.6 billion pounds, which is the minimum figure for 11 years, according to the Office for National Statistics. The budget deficit in relation to GDP decreased to 2.1% compared with 9.9% of GDP after the financial crisis of 2007-2008. In the past financial year, UK revenues exceeded expenditures by 112 million pounds. This is the first budget surplus, excluding borrowing for the financing of the capital expenditures since 2001-2002 fiscal year.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
The dollar fell against its peers in early Asian trade as the debate between the Democrats and Republicans over the U.S. economic stimulus measures weighed on the market. The euro rose to its strongest level in over a year after EU leaders ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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