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Switzerland’s economy expanded in the second quarter as the relaxation of COVID related measures helped to recover from two straight quarters of contraction, data published by the State Secretariat for Economic Affairs, or SECO, revealed Thursday. Gross domestic economy grew 1.8 percent sequentially, reversing a 0.4 percent fall in the first quarter and a 0.1 […]
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India’s economy logged a record growth in the three months to June, but that came from an extremely low base in the same period last year when the coronavirus pandemic and resultant lockdowns hurt economic activity severely. Gross domestic product grew 20.1 percent year-on-year in the April to June quarter versus a 24.4 percent contraction […]
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Gross Value Added during April to June rose 18.8%: NSO. India’s Gross Domestic Product (GDP) grew by 20.1% in the first quarter of 2021-22, compared to the 24.4% contraction recorded in the same quarter a year ago, but economic activity remained well-below pre-pandemic levels thanks to the second wave of COVID-19. Gross Value Added (GVA) […]
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Germany’s economy grew at a faster than expected pace in the second quarter, underpinned by domestic demand, after contracting in the first three months of the year, latest data from Destatis showed Tuesday. Gross domestic product grew a seasonally and calendar-adjusted 1.6 percent from the first quarter, when output decreased 2.0 percent. An increase of […]
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A report released by the Commerce Department on Thursday showed a significant increase in U.S. gross domestic product in the second quarter of 2021, although the pace of growth fell short of economist estimates. The Commerce Department said real GDP surged up by 6.5 percent in the second quarter following a 6.3 percent jump in […]
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The UK economy expanded for the fourth consecutive month in May, albeit at a slower pace and remained below the pre-pandemic levels, data from the Office for National Statistics showed on Friday. Gross domestic product grew 0.8 percent month-on-month in May, but slower than the revised 2 percent growth posted in April and the economists’ […]
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Before 2019, an estimated 22 million individual income-tax returns did not have to pay any taxes.But after the change in the exemption level, another 13 million individual tax returns did not require to pay taxes.Thus, of about 58 million returns, as much as 63 per cent or 35 million went out of the direct tax […]
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Germany’s business sentiment strengthened to a two-year high in May as the lifting of restrictions related to the Covid-19 boosted expectations among managers, survey data from the ifo Institute revealed on Tuesday. However, data released earlier in the day showed that the largest euro area economy contracted slightly more than initially estimated in the first […]
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The fourth quarter of 2020-21 recorded a growth of 1.6% in GDP, the second quarter of positive growth, after the country had entered a technical recession in the first half of the year. India’s Gross Domestic Product (GDP) contracted 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office on […]
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The Philippine economy continued to contract in the first quarter as the nation imposed strict restrictions to bring the coronavirus pandemic under control. Gross domestic product fell 4.2 percent in the first quarter from the last year, the Philippine Statistics Authority reported Tuesday. This was slower than the 8.3 percent decline seen in the fourth […]
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