Us gdp q2 2022

US GDP up 2.1% in second-quarter, down from 3.1% the first-quarter Growth decelerated in the second quarter, but not by as much as Wall Street thought, as tariffs and a global slowdown weighed on.. US business investment much weaker in the second quarter than previously estimated . Published Thu, Sep 26 2019 8:31 AM EDT Updated Thu, Oct 24 2019 9:37 AM EDT. Share Share Article via Facebook. United States: Second estimate confirms economy slowed in Q2. August 29, 2019. Economic growth in the second quarter was slightly lower than previously reported, according to a second GDP estimate released by the Bureau of Economic Analysis. The economy expanded 2.0% over the previous quarter in seasonally-adjusted annualized terms (SAAR), which was down a notch from the advance estimate of 2.

US GDP Q2 2019: Up 2

Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the second quarter of 2019 (table 1), according to the third estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent Real gross domestic product (GDP) for the United States increased at an annual rate of 2.1% in the Q2 2019 (vs 3.1% in Q1 2019), according to the advance estimate released by the Bureau of Economic Analysis. The increase in real GDP in Q2 2019 reflected positive contributions from personal consumption expenditures (PCE), federal government. United States GDP Q2 2019 United States: Economy cools in Q2, but resilient consumer spending softens the slowdown July 26, 2019 The economy slowed in the second quarter, but fared better than expected, buttressed by strong household spending and a rebound in government consumption and investment related to the government shutdown in Q1 Real gross domestic product (GDP) increased at an annual rate of 4.1 percent in the fourth quarter of 2020, reflecting both the continued economic recovery from the sharp declines earlier in the year and the ongoing impact of the COVID-19 pandemic, including new restrictions and closures that took effect in some areas of the United States. The increase was 0.1 percentage point higher than the.

I think make it (US GDP forecast) should be reasonable. The forecast for USD GDP Q3 2016 doesnt make sense. Is too high (2,5%). The forecast for USD GDP Q3 2016 doesnt make sense. Is too high (2,5%) Erhalten Sie alle Bruttoinlandsprodukt (BIP) (Quartal) -Ergebnisse in Echtzeit und sehen Sie die unmittelbaren globalen Marktauswirkungen The GDP figure in 2020 was $20,932,800 million, United States is the world's leading economy with regard to GDP, as can be seen in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in United States dropped $500,400 million with respect to 2019

US GDP Q2 2019 final - CNB

Gross Domestic Product, Second Quarter 2019 (Advance Estimate) and Annual Update. Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2019 (table 1), according to the advance estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent GDP in the United States increased to 21433.20 USD Billion in 2019 from 20580.20 USD Billion in 2018. GDP in the United States averaged 7457.54 USD Billion from 1960 until 2019, reaching an all time high of 21433.20 USD Billion in 2019 and a record low of 543.30 USD Billion in 1960. This page provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic.

United States GDP Q2 2019 - FocusEconomic

  1. However, real GDP regained its pre-crisis (late 2007) peak by 2011, household net worth by Q2 2012, non-farm payroll jobs by May 2014 , and In 2019, the United States was ranked 23rd on the Transparency International Corruption Perceptions Index with a score of 69 out of 100. This is a decrease from its score in 2018 which was 71 out of 100. Law and government. The United States ranked 4th.
  2. Current‑dollar GDP decreased 34.3 percent, or $2.15 trillion, in the second quarter to a level of $19.41 trillion. In the first quarter, GDP decreased 3.4 percent, or $186.3 billion (table 1 and table 3)
  3. November 27, 2019. According to a second GDP estimate released by the Bureau of Economic Analysis, the economy fared better than previously reported, with GDP growth accelerating in the third quarter to 2.1% in seasonally-adjusted annualized terms (previously reported: +1.9% SAAR), up from the 2.0% expansion registered in the second quarter

Gross Domestic Product, Second Quarter 2019 (Third

  1. Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019 (table 1), according to the advance estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.1 percent
  2. Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was raised to a 3.2% rate in the third quarter from the previously reported 2.9% pace. Inventories..
  3. The Q2 GDP rate was -31.4%, meaning the economy contracted at a rate of 31.4% between April and June 2020. That was the worst quarterly contraction in U.S. history. It came after the National Bureau of Economic Research declared that a recession began in February 2020
  4. Bureau of Economic Analysis Real U.S. GDP grew at an annualized rate of 2.1% in the second quarter of 2019; stronger than the 1.8% rate expected in some consensus forecasts. The year-over-year..

Evolution of Atlanta Fed GDPNow real GDP estimate for 2021: Q1 Quarterly percent change (SAAR) Atlanta Fed GDPNow estimate Blue Chip consensus Range of top 10 and bottom 10 average forecasts GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no. The downward revision to the GDP figure for Q2 sparked concerns about the future growth trajectory of the country as the economy is grappling with negative spillovers stemming from the China-U.S. trade war and uncertainty regarding the planned sales tax hike in October. According to revised data released by the Cabinet Office on 9 September, GDP rose 1.3% over the previou GDP falls in the second half of 2019 and the first quarter of 2020, and then recovers. Slower growth (10 percent): Business tax cuts induce little investment spending. Productivity growth becomes even more sluggish. Tariffs remain in place as the United States and its trading partners fail to agree on new global trade arrangements. The tariffs raise costs and disrupt supply chains. Businesses.

GDP Deflator in the United States increased to 114.37 points in the fourth quarter of 2020 from 113.84 points in the third quarter of 2020. GDP Deflator in the United States averaged 54.58 points from 1950 until 2020, reaching an all time high of 114.37 points in the fourth quarter of 2020 and a record low of 12.85 points in the first quarter of 1950 World Economic Outlook, October 2019: Global Manufacturing Downturn, Rising Trade Barriers October 15, 2019 Description: After slowing sharply in the last three quarters of 2018, the pace of global economic activity remains weak. Momentum in manufacturing activity, in particular, has weakened substantially, to levels not seen since the global financial crisis GDP expanded 1.8% in seasonally-adjusted annualized terms (SAAR) in Q2, below the 2.8% (SAAR) expansion registered in Q1 but comfortably beating market analysts' expectations of a 0.4% increase Gross domestic product (GDP) per capita in the United States 2025 Per capita U.S. Real Gross Domestic Product (GDP) 1990-2019 U.S. Gross Domestic Product - forecast 2019-203 GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge Published Tue, Jun 2 2020 9:57 AM EDT Updated Wed, Jun 3 2020 6:40 AM EDT Jeff Cox @jeff.cox.7528.

Millones de Productos que Comprar! Envío Gratis en Productos Participantes Q2 GDP Up 2.1% Not bad considering we have the very heavy weight of the Federal Reserve anchor wrapped around our neck. Almost no inflation. USA is set to Zoom! July 26, 2019. Although the growth. The US economy grew at an annual rate of 2.1% in the second quarter, the Commerce Department announced Friday. That's down from a 3.1% pace in the first quarter, but still better than economists.


US Q2 GDP beats to the upside. Attention now turns to next week's docket including the FOMC monetary policy meeting. Q3 2019 USD Forecast andTop Trading Opportunities. The advanced US Q2 GDP. Uncertainty from the yearlong U.S.-China tariff war compounded weakness stemming from slowing global growth and falling oil prices. GDP rose 1.8% on an annualized basis in the second quarter. Before the pandemic, the worst GDP print on record was in the first quarter of 1958, when GDP fell 10.0% on an annualized basis. US economic activity contracted by 5.0% in the first quarter of. pause. US economic growth revised down slightly in Q2. August 30 2019 11:36 PM. Business. RELATED STORIES. An employee packages cheese for shipment at the Nicasio Valley Cheese Co facility in.

U.S. Q2 2019 GDP growth estimated at 2.1% as personal ..

United States: Economy cools in Q3 on declining business investment. October 30, 2019. The economy slowed further in the third quarter, but fared better than expected thanks to resilient consumer spending and a weaker drag from the external sector. GDP growth moderated to 1.9% in the third quarter in seasonally-adjusted annualized terms (SAAR. US Q2 GDP and Dollar Price, Chart and Analysis: US Q2 GDP beats to the upside. Attention now turn The Gross Domestic Product (GDP) in the United States contracted 2.40 percent in the fourth quarter of 2020 over the same quarter of the previous year. GDP Annual Growth Rate in the United States averaged 3.10 percent from 1948 until 2020, reaching an all time high of 13.40 percent in the fourth quarter of 1950 and a record low of -9 percent in the second quarter of 2020 GDP growth in major economies: Actual & IMF forecasts Source: IMF World Economic Outlook, April 2019 GDP growth (% YoY) Post-crisis trend 2018 2019 forecast 2020 forecast '11 -'17 US 2.1 2.9 2.3 1.9 UK 2.0 1.4 1.2 1.4 Euro area 1.2 1.8 1.3 1.5 Germany 1.9 1.5 0.8 1.4 Japan 1.1 0.8 1.0 0.5 China 7.6 6.6 6.3 6.1 India 7.0 7.1 7.3 7. Economic Watch: GDP Growth Slows in Q2; Fed Remains on Path to Rate Cut | U.S. MarketFlas

GDP growth rate 0.5 percent in Q2 2019 GDP 2.0 percent up on Q2 2018. According to the first estimate, GDP was 2.0 percent up on Q2 2018. Growth was mainly due... Higher investments in construction and machinery. In Q2 201 9, investments in fixed assets were 5.3 percent higher than... Consumer. Increased tariffs imposed by the US will have a negative influence on exports and growth in the second half. Already in Q2 GDP growth had slowed to an annual rate of 6.2%, close to the weakest since 1990. Domestic demand is also soft - the GECS capital expenditure index fell back in Q2 This statistic illustrates the estimated effect on the real Gross Domestic Product (GDP) from Q4 2018 to Q3 2019 due to the partial government shutdown in the United States, which took place from. Weekly Analysis - Consumption to boost US GDP in Q2 - 1 - 28 March 2019 Sustained pace of growth in the US US GDP growth clocked in at an annual rate of +2.2% in Q4, which is obviously somewhat less robust than in Q2 and Q3 (+3.4%) 2018. However, this result is in line with the consensus forecast (+2.2%). The economy slowed less than expected due to several positive factors. Consumption grew.

The 2019 GDP growth forecast has been revised down to around 1.2%. Euromonitor International's new macroeconomic outlook, Global Economic Forecasts: Q2 2019 provides the latest Euromonitor International macroeconomic forecasts, assessment of the global economy, discussion of recent events and a deeper analysis of key economies Talking Points: US Q2 GDP is expected to show that the economy is growing at its slowest pace i Q2 2019 Group results Orders. Orders grew 1 percent (4 percent in US dollars) in the quarter compared to the prior year period. Growth from Electrification and Motion was dampened by lower demand in Robotics & Discrete Automation and lower large orders in Industrial Automation. The order backlog rose 7 percent (3 percent lower in US dollars. The United Kingdom, which has a $2.83 trillion GDP, is the sixth-largest economy in the world. In terms of GDP purchasing power parity, the UK is in the ninth spot with a GDP (PPP) of The UK is ranked 23rd for GDP per capita which is $42,558. The UK is expected to fall to the seventh-largest economy by 2023 with a GDP of $3.27 trillion. In 2016, the UK was the tenth-largest exporter of goods. US GDP Growth Hits 2.1% In Q2, Beating Forecasts. Wayne Duggan the ECB cut its 2019 economic growth forecast for the Eurozone from 1.7% to 1.1% and announced a third round of bank stimulus.

While GDP is the single most important indicator to capture economic activity, it falls short of providing a suitable measure of people's material well-being for which alternative indicators may be more appropriate. This indicator is based on real GDP (also called GDP at constant prices or GDP in volume), i.e. the developments over time are adjusted for price changes. The numbers are also. Week ahead: Earnings, GDP expected to show sluggish growth as investors await rate cut Published Fri, Jul 19 2019 1:54 PM EDT Updated Sat, Jul 20 2019 4:32 PM EDT Patti Domm @in/patti-domm-9224884. In the first quarter of 2019, GDP had grown by 0.4% in the euro area and by 0.5% in the EU28. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.1% in the euro area and by 1.3% in the EU28 in the second quarter of 2019. In the previous quarter, GDP had grown by 1.2% in the euro area and by 1.6% in the EU28 2019 GDP Growth: 1.7% 5. 2019 Nominal GDP Per Capita in Current U.S. Dollars: $46,195 6. Canada had $1.74 trillion in GDP in 2019, rounding out the top 10 economies in the world by GDP. 1.

Gross Domestic Product U

United States Gross Domestic Product (GDP) Qo

  1. GDP 0.2 0.2 0.2 0.2 1.1 1.3 1.1 1.3 All figures presented in this release may be revised with Eurostat's regular estimates of GDP and main aggregates (including employment) scheduled for 6 September 2019 and 21 October 2019, which will reflect the impact of countries' benchmark revisions as available. For further details, please consult the.
  2. ary flash estimate of the second quarter of 2019 GDP growth presented in this release is based.
  3. g export sector, Capital Economics said in the note, adding.
  4. First estimate of GDP: 2019 Q4; First estimate of GDP: 2019 Q3; First estimate of GDP: 2019 Q2; First estimate of GDP: 2019 Q1; First estimate of GDP: 2018 Q4; First estimate of GDP: 2018 Q3; First estimate of GDP: 2018 Q2; GDP Quarterly National Accounts, Scotland (QNAS) GDP quarterly national accounts: 2020 quarter 3 (July-September) Gross.
  5. Malaysia second-quarter GDP growth pace seen picking up, bucking regional trend: R poll. KUALA LUMPUR (R) - Malaysia's economic growth pace rose in the second quarter, helped by.
  6. Real GDP growth. SPF Q2 2019. 1.2. 1.4. 1.4. 1.4. Previous SPF (Q1 2019) 1.5. 1.5. 1.4. 1.5. Unemployment rate (2) SPF Q2 2019. 7.8. 7.6. 7.5. 7.4. Previous SPF (Q1 2019) 7.8. 7.6. 7.5. 7.5. 1) Long-term expectations refer to 2023. 2) As a percentage of the labour force. For media enquiries, please contact Stefan Ruhkamp (tel.: +49 69 1344 5057). Notes: The SPF is conducted on a quarterly.

USA - Bruttoinlandsprodukt (BIP) (Quartal

United States (USA) GDP - Gross Domestic Product 2020

The U.S. economy grew an annualized 2.1% in the second quarter of 2019, breezing past expectations of 1.8%, following a 3.1% uptick in the previous three-month period.Faster increases in household.. GDP, volume - annual growth rates in percentage, 2019 archive Gross domestic product (annual), 2019 archive GDP, US $, current prices, current PPPs, millions, 2019 archiv

Gross Domestic Product, Second Quarter 2019 (Advance

  1. US Economic Snapshot is a quarterly publication, designed to provide a comprehensive, concise overview of current economic & financial developments. US Economic Snapshot Q2 2019 Report This website stores cookies on your computer
  2. Bruttoinlandsprodukt (BIP) in den USA bis 2025. Das Bruttoinlandsprodukt (BIP) der USA erreicht im Jahr 2019 mit rund 21,43 Billionen US-Dollar einen neuen Höchststand. Im Vergleich zum Vorjahr hat sich das BIP der USA um rund 0,8 Billionen US-Dollar erhöht. Die Vereinigten Staaten sind weiterhin mit deutlichem Abstand zu China die größte.
  3. According to the most recent forecast released at the Federal Open Market Committee (FOMC) meeting on Dec. 16, 2020, U.S. GDP growth is expected to contract by 2.4% in 2020. It is estimated to then rebound up to a 4.2% growth rate in 2021, and slow to 3.2% in 2022, and 2.4% in 2023. 7
I Hope The Fed Won't See This: Red-Hot Consumer Spending

United States GDP 1960-2019 Data 2020-2021 Forecast

Between falling gasoline prices, higher wages, and rising asset prices, consumer spending will likely do most of the heavy lifting in Q2. How are the main GDP components looking? Headline retail sales showed 0.4% growth in all three months of Q2 2019, while core retail sales grew by 0.0%, 0.5%, and 0.7% in April, May, and June respectively In today's market commentary, the expectation is that the Russian Central Bank will cut interest rate by 25 basis points as inflation continues to slow amid. In their third estimate of 2019 U.S. GDP growth, CEOs projected 2.6 percent growth for the year, up from their 2.5 percent estimate in the previous quarter More:Dow slides 200 points after US posts record economic drop in second quarter. Global lockdowns also caused exports to fall 64.1%, while Americans imported 53.4% less year-over-year as the.

Gross Domestic Product by State: Third Quarter 2018 | U

Economy of the United States - Wikipedi

On December 18, 2018, China completed 40 years since it started its economic reforms in 1978. China has come a long way since then. China is now the number two economy in the World, just behind the United States (US). In this article, we will compare the China Gross Domestic Product (GDP) numbers with that China vs United States - A GDP Comparison Read More And so these terms show how far economic activity dropped in Q2 and the partial bounce-back in Q3. This measure of GDP puts it back where it had first been in Q1 2018: But the US economy isn't actually that big. This annualized rate is roughly 4 times Q3 GDP expressed in 2012 dollars (adjusted for inflation in that manner). Actual or nominal GDP in Q3 in current dollars. Economic data was mixed, with the largest positive surprise seen in Japan's growth rate for Q1 2019. This showed real GDP grew at an annualised rate of 2.1% whereas consensus expectations had called for a decline. Although the detailed breakdown was not particularly encouraging for the domestic economy, it does mean that in the short term Japan is likely to avoid a technical recession, which.

Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate

TOPIC: Economic Outlooks. 25 NOV 2019. Global Economic Outlook 2020: A Break in the Clouds. Global GDP growth is poised to rise moderately from 3.1% in 2019 to 3.4% next year in Goldman Sachs Research's view, led by easier financial conditions, a US-China trade détente, and reduced Brexit uncertainty Q2 2019 Reported 07/26/19 65 estimates ‹ › Chart Type: Display: Share Share on Twitter; Share on Stocktwits; Embed; Save Image; Export All Estimates for Q2 2019 View all-time analyst rankings for Real GDP. Showing 20 /66. Chart. Analyst Rank Points % Change (QoQ) Delta To Actual. Last Revised. Analysis. Reported Values Real GDP 2.0 07/26/19. Values As First Reported. 2.1 07/26/19 Estimize. Title. Monetary and Banking Development Q3 2020. 03/12/2020. Monetary And Banking Development Q3 2020. Monetary and Banking Development Q2 2020. 24/08/2020. Monetary And Banking Development Q2 2020 Stockholm (Ekonamik) - The US economy grew at an annual rate of 2.1% during the second quarter of 2019, according to an advance estimate published by the U Monthly Economic Monitor Already in Q4, the Chinese economy seemed almost fully recovered from the Covid-19 shock. Real GDP wa s up 6.5% from a year earlier, a growth rate higher than before the pandemic. GDP for 2020 as a whole was up 2.3% from 2019, making China the only major economy to expand in 2020. Assuming the pandemic remains under.

United States GDP Q3 2019 - FocusEconomic

GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. Data source is International Monetary Fund World Economic Outlook (October-2018) In Q2 2020, GDP in volume terms declined: -13.8%, after -5.9% in Q1 2020. It is 19% lower than in Q2 2019. GDP's negative developments in first half of 2020 is linked to the shut-down of non-essential activities in the context of the implementation of the lockdown between mid-March and the beginning of May. The gradual ending of restrictions led to a gradual recovery of economic activity in May and June, after the low point reached in April

Gross Domestic Product, Fourth Quarter and Year 2019

US labour market strong, Q2 GDP growth expected to be revised down. Friday, 09 Aug 2019 08:09 AM MYT. Though hiring has slowed, the pace of job gains remains well above the roughly 100,000 needed per month to keep up with growth in the working-age population. — R file pic . Subscribe to our Telegram channel for the latest updates on news you need to know. WASHINGTON, Aug 9 ― The. US Airline Industry Margins, GDP, And Airline Capacity, Q1 2010 through Q2 2018 Airline Economic Analysis 2019 . At a macro level, the US airline industry has produced profitable margins dating back to 2010. From 2010 to 2015, the U.S. airline industry produced growing margins, bottoming at four percent in 2011 and peaking at 15 percent in 2015. However, since peaking in 2015, the margin for. U.S. economic growth slowed a bit more than previously estimated in 2019 as the sugar high from the Trump administration's US$1.5 trillion in tax. gdpUS: Quarterly US GDP, Q1 1947 to Q2 2019 In smoots: Nonparametric Estimation of the Trend and Its Derivatives in TS. Description Usage Format Source. Description. A dataset that contains the (seasonally adjusted) Gross Domestic Product of the US from the first quarter of 1947 to the second quarter of 2019 Usage . 1. gdpUS. Format. A data frame with 290 rows and 3 variables: Year. the.

Goldman Sachs: US Q2 GDP Growth View To 1Minnesota's fall in GDP so far in 2020 is worse than the UFederal Debt: Total Public Debt as Percent of Gross

US GDP Q3 2019 final reading - CNB

Real GDP growth forecasts. Real GDP growth is defined as year on year percentage change of real GDP (i.e. in volumes) in the euro area , according to the standardised European System of national and regional Accounts 2010 definition, as published by Eurostat Likely developments in 2019 Q2 to 2019 Q4 if judgements evolve as expected. 1: global GDP growth settles at around its potential rate: Quarterly euro-area GDP growth to average a little above ¼%. Quarterly US GDP growth to average ½%. Indicators of activity consistent with four-quarter PPP-weighted emerging market economy growth of around 4¼%; within that, GDP growth in China to average.

Current US GDP Rate Q4 Second Estimate: 4

Economy chief minister expects 5.2 percent GDP growth in Q2. Coordinating Economic Minister Darmin Nasution has expressed his optimism that the economy will grow faster in the second quarter of. Q2 GDP Forecasts: 1% to 2% range. by Calculated Risk on 6/07/2019 12:59:00 PM. From Merrill Lynch: The data added 0.2pp to 2Q GDP tracking up to 2.1% qoq saar, while 1Q remained at 3.2% [June 6 estimate] emphasis added. From the NY Fed Nowcasting Report. The New York Fed Staff Nowcast stands at 1.0% for 2019:Q2 and 1.3% for 2019:Q3 Q1 2019 Economic Indicators. The U.S. economy grew 2.9% in 2018. While the economy is growing, GDP's declining trend (Q1 = 4.1%, Q3 = 3.5%, Q2 = 2.2%, Q4 = 2.2%) signals growth is slowing. In 2018, momentum accelerated. In 2019, we will see momentum decelerating. The inflection point was really the fourth quarter last year, said Gregory Daco, U.S. economist at Oxford Economics. This. US economic growth slows in Q2, 2018 falls below Trump target. Friday, 26 Jul 2019 10:43 PM MYT. Amid a global economic slowdown, weakening foreign demand for US exports meant American factories sold fewer autos, parts and factory equipment. — R pic. WASHINGTON, July 26 — The American economy hit the brakes in the second quarter, as activity declined in an increasingly skittish. Average PMS Price: N 167.27: State with Highest Price: Abia (N 178.7) State with Lowest Price: Zamfara (N 161.73

Greece Fastest growing Eurozone economy in Q2 2019

Q2 GDP growth weakest since 2014. The economy grew just 2.3% in the second quarter year-on-year, the slowest pace since 2014. (R photo) Thailand's economy grew at the slowest pace in. Under the pressure of the trade war with the United States, China's economic growth slowed down to 6.2% in Q2 2019. This means that the second-largest economy in the world is growing at the slowest pace in almost three decades. As the Beijing statistical office reported on Monday, the growth since the beginning of the year is still reaching a total increase of 6.3%, which is the weakest. Unprecedented fall in OECD GDP by 9.8% in Q2 2020 . Download the entire news release (PDF 120KB) 26/08/2020 - Following the introduction of COVID-19 containment measures across the world since March 2020, real gross domestic product (GDP) in the OECD area showed an unprecedented fall, by (minus) 9.8%, in the second quarter of 2020, according to provisional estimates BCC Quarterly Economic Survey Q2 2019: UK growth stalling amid manufacturing slowdown. The British Chambers of Commerce's Quarterly Economic Survey - the largest private sector survey of business sentiment and a leading indicator of UK GDP growth, closely watched by policymakers including the Bank of England - finds that underlying economic conditions remained stagnant in the second. In line with global trends, Saudi Arabia has begun to reverse Q2 output loss, but the rebound has been weighed down by the oil sector ‒ preliminary GDP pointed to headline growth of just 1.2% q/q in Q3 (-4.2% y/y). Although disappointing compared with the Q3 bounces seen in the US and Europe, the 7% y/y decline in the Saudi economy in Q2 was much shallower than the global average (-9%) owing.

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