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The UK economy grew by 0.2% in the fourth quarter from the previous quarter. This final assessment of the economic growth of the ONS confirmed the forecasts of experts and coincided with a preliminary assessment. At the same time, compared with the same quarter a year earlier, GDP grew by 1.4%, and not by 1.3%, as previously reported. Analysts had expected the annual figure to maintain a 1.3% growth. A weakening of foreign trade, as well as a decline in business investment by 0.3% for the month and by 2.5% for the year had a negative impact on British GDP. At the same time, consumer spending for the quarter showed an increase of 0.3%, while government spending rose by 1.3%. Exports increased by 1.6%, imports - by 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, ...
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 ...
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 ...
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