Expansion in India’s manufacturing sector hit its slowest in 15 months in August as demand and output grew at their weakest pace in a year and cost pressures increased,
The US solar market will grow more slowly than previously forecast this year as some large projects are shifted into 2020, an industry trade group said on Tuesday. The Solar Energy Industries Association forecast 17% growth
Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia’s trade-reliant economies.
Brazil’s economy likely expanded by 0.4% in the third quarter, according to a Reuters survey of economists, consolidating a steady, if unspectacular, pace of growth ahead of an anticipated upswing into the year end.
The UAE’s Gross Domestic Product, GDP, in constant prices, is projected to expand at Dhs1.501 trillion in 2020 from Dhs1.464 trillion in 2019 and Dhs1.442 trillion in 2018, said Obaid Bin Humaid Al Tayer, Minister of State for Financial Affairs, and Chairman of the Federal Tax Authority.
The Organisation for Economic Co-operation and Development (OECD) trimmed its outlook for the global economy on Thursday, saying the world was headed for its weakest economic growth since the 2007-2008 financial crisis.
Coronavirus cases are still rising in India, though slowly. The rigorous lockdown imposed at the end of March appears to have slowed down its spread.
India’s economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown.
Shares in the world’s top brick-and-mortar retailer rose as much as 3.4% and are up about 7% so far this year, outpacing Wall Street’s blue chip index, which is down nearly 14% for the year.