US economy shrinks for second straight quarter, furthers recession fears

Jul 29, 2022

Washington [US], July 28 : Real gross domestic product (GDP) in the US decreased at an annual rate of 0.9 per cent in the...

Sri Lanka's economy shrinks 8.4 pc in second quarter amid financial crisis

Sep 15, 2022

Colombo [Sri Lanka], September 15 : Sri Lanka's economy contracted 8.4 per cent in the April to June quarter compared with the same period...

US economy plunges by 31.7 per cent in second quarter of 2020

Aug 28, 2020

Washington D.C. [US], August 28 : Even as the country continues to battle the raging coronavirus pandemic, the US economy plunged by 31.7 per...

Hard times are here, says Sunak as UK's economic output shrinks 20% in second quarter

Aug 12, 2020

London [UK], August 12 : Amid the raging coronavirus pandemic, United Kingdom's economic output shrank by 20.4 per cent in the second quarter of...

US GDP falls for second-straight quarter, signs of a possible recession

Jul 28, 2022

Washington [US], July 28 : US Gross Domestic Product contracted by 0.9 per cent in the second quarter of this year after a first-quarter...

US economy expands 2.9 per cent in December quarter

Jan 27, 2023

"The increase in private inventory investment was led by manufacturing (mainly petroleum and coal products as well as chemicals) as well as mining, utilities,...