Home Tags GDP
Canada's economy grew slightly faster than expected in July, the national statistics agency reported Friday. Economists had predicted an increase of 0.1% month-over-month and 2.2% year-over-year.
Argentina's economy contracted sharply in the second quarter after a severe drought roiled agricultural production and as the country works with the International Monetary Fund to stem a spiraling economic crisis.
President Donald Trump claimed multiple times over the past week that GDP would be negative if Democrats won in 2016. That's probably a stretch, but it's also impossible to prove.
Think tank the Center for Economic and Business Research thinks businesses will stockpile £38 billion worth of goods in the run-up to Brexit but then immediately run-down their supplies post-March 2019, causing a "mini-recession."
South Africa's economic growth slowed unexpectedly in the second quarter, pushing the country into a recession for the first time since 2009.
India's economy expanded more than 8% between April and June from a year earlier, as a surge in manufacturing activity and spending powered the world's sixth-largest economy to its fastest growth in more than two years.
Canada's economic growth accelerated in the second quarter at the fastest pace in a year, driven by a sharp increase in exports and consumer spending.
The US economy in the second quarter grew even faster than had been previously estimated, according to Commerce Department report released Wednesday. Gross domestic product rose at an annual rate of 4.2%, its fastest since the third quarter of 2014.
The slowing down of the Singaporeaeconomy can be put down to the global state of the economy.
"The fears of a no-deal Brexit have piled the pressure on the pound and the dollar’s rally has come as a sucker punch," Neil Wilson, the chief market analyst at Markets.com, said in an email.