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The Ministry of Economic Development and Trade of Ukraine reported preliminary data on the country's GDP growth in the first quarter, according to which the Ukrainian economy grew by 2.2% in annual terms, slowing growth rates compared to a rise of 3.5% in the fourth quarter of last year. The growth rate was negatively affected by a number of factors, to which the agency attributed Russia's ban on importing certain types of engineering products from Ukraine, warm weather conditions, which contributed to a decrease in electricity demand, as well as the repair of process equipment at some enterprises in the energy sector. Construction of non-residential buildings increased by 33%, engineering structures - almost 1.5 times. In the past quarter, capital expenditures were increased by 37.4%. In the field of agriculture, a significant increase was observed in the poultry industry and pig breeding.
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 ...
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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
KYC Policy