Austria’s economic output collapsed at a sharp rate in the second quarter, thanks to the disruption caused by the coronavirus, or Covid-19, pandemic, pushing the economy into a recession that is the worst since the second world war, preliminary estimates from the Austrian Institute of Economic Research,… [Read more…][1]
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Reflecting the impact of the coronavirus pandemic, the Commerce Department released a report on Thursday showing a record contraction in U.S. economic activity in the second quarter. The report said real gross domestic product plummeted at an annual rate of 32.9 percent in the second quarter following a 5.0 percent slump in the first quarter. [Read more…][3]
New Zealand business confidence improved less than initially estimated in July, final data from ANZ showed Thursday. The business confidence index rose -31.8 in July from -34.4 in June. The preliminary reading was -29.8. The survey showed that own activity, expected profitability, investment intentions,… [Read more…][4]
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First-time claims for U.S. unemployment benefits increased for the second straight week in the week ended July 25th, according to a report released by the Labor Department on Thursday, although claims rose by less than expected. The report said initial jobless claims edged up to 1.434 million, an increase of 12,000 from the previous week’s revised level of 1,422,000. [Read more…][6]
First-time claims for U.S. unemployment benefits increased for the second straight week in the week ended July 25th, according to a report released by the Labor Department on Thursday, although claims rose by much less than expected. [Read more…][7]
Reflecting the impact of the coronavirus pandemic, the Commerce Department released a report on Thursday showing a record contraction in U.S. economic activity in the second quarter. [Read more…][8]
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- www.rttnews.com/3116418/austria-q2-gdp-fall-worst-since-wwii.aspx?type=alleco
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