The economy of South Africa entered a period of recession in the second quarter

The economy of South Africa in the second quarter fell by 0.7% compared to the previous quarter, when there was a decline in GDP by 2.6%, according to official data. The decline for two consecutive quarters indicates that the economy of South Africa entered the period of recession for the first time since 2009. According to analysts' forecasts, the GDP of South Africa was expected to grow by 0.6%. Compared to the same period last year, the country's economy grew by 0.4%, while experts had expected an increase of 1%. After the publication of these statistics on Tuesday at 12:40 Moscow time, the rate of the South African rand fell against the US dollar by 2.5% to 15.23 rand.

05.09.2018
interessante

Glencore to trim copper and zinc production targets

Glencore to trim copper and zinc production targets Glencore PLC said that it would produce slightly less copper and zinc in the year than initially planned. The world’s biggest commodity trader has trimmed their production targets from ...
25.10.2019

Offshore wind farms to invest $1.2 trillion to hit climate goals

Offshore wind farms to invest $1.2 trillion to hit climate goals An influx of new offshore wind farms around the world is set to invest an estimate of $840 billion over the next two decades, the International Energy Agency (IEA) said. The Paris-based ...
25.10.2019

Amazon shares fall 7%, forecasts below expectation

Amazon shares fall 7%, forecasts below expectation Amazon.com Inc’s forecast revenue and profit for the holiday quarter was below expectations as it faced fierce competition and rising costs from plans to speed up global delivery times. Shares ...
25.10.2019

China to request U.S. to remove tariffs in exchange for farm purchases

China to request U.S. to remove tariffs in exchange for farm purchases Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products. However, Beijing will request cancellation of some planned and ...
25.10.2019

Oil prices drop after recovering from surprise dip in U.S. inventories

Oil prices drop after recovering from surprise dip in U.S. inventories Oil prices dropped on Thursday in Asia which overlooked gains following a surprise dip in U.S. inventories. Oil prices rallied more than 1% overnight after the U.S. Energy ...
24.10.2019
errore
Contattaci con noi