South Korea retail sales climb 5.6% in March
SEOUL: Sales at South Korea’s major retailers rose 5.6% from a year earlier in March, extending gains in consumer spending as online platforms outpaced store-based...
Tag : consumer spending
US inflation persists as Trump’s tariff threats add economic concerns
Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in...
Economic downturn hits China’s global standing
Despite meeting its 2023 growth target with a 5.2% increase in real GDP, China has encountered a notable economic setback. For the first time in...
Treasury yields rise on positive retail data and central bank remarks
In a notable shift influenced by robust retail sales data and central bank deliberations, Treasury yields experienced a significant rise on Wednesday. The focal point...
Economist forecasts consumer spending dip amid economic shifts
The resilience of consumer spending in 2023, in the face of persistent inflation and heightened interest rates, has been a notable economic phenomenon. However, Jack...
Inflation cools rapidly, paving the way for economic confidence in 2024
As the year 2023 drew to a close, many had anticipated it would be marked by economic turmoil and recession fears. However, it defied expectations...
China grapples with deflation as global concerns mount
China's economic landscape is undergoing a seismic shift as it witnesses deflation for the first time since early 2021. Official data reveals a 0.3% decline...