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In the third quarter of 2018, the Vietnam Institute for Economic and Policy Research expects the slowdown in the economic growth in the country to 6.65% in annual terms from 7.38% in the first quarter. For the fourth quarter, the Institute predicts a weakening of growth to 6.55%. The reason for the worsening of Vietnam's economic prospects are factors such as trade wars and higher interest rates in the United States. For 2018, the overall GDP growth estimate is confirmed at 6.8%. Experts of the Institute predict that in the third quarter, inflation in the country will be 4.65%, and by the end of the year it will slow down to 4.13%.
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 ...
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, ...
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