Economic output climbed 4 percent in the last quarter of 2021, slowing from the previous quarter. Growth has faltered as home buyers and consumers become cautious.
Tag: Consumer Behavior
Japan Approves a $490 Billion Stimulus Package
The move, announced on Friday, is an attempt by the country’s newish prime minister to revive an economy battered by Covid restrictions and a supply chain crunch.
Outside COP26, Trash in Glasgow Piles High
At COP26, delegates address the need to curb emissions and mass consumption to save the planet while the reality of today’s throwaway society is all too apparent nearby.
China’s Economic Growth Slows as Covid Fears Persist
Growth in the world’s second-largest economy lost steam as more expensive raw materials weighed on factories, though retail sales showed signs of stabilizing.
China Called Finance Apps the Best Thing Since the Compass. No Longer.
Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.
Trump Merchandise Outsells Biden’s, China’s Factories Say
The measure is unscientific at best. But merchants say sales of the president’s campaign merchandise at a major wholesale market are outstripping Biden’s.
Crowds at the Beijing Auto Show Signal China’s Spenders are Back
Big crowds at places like the Beijing auto show are a sign of good news, but China needs its less affluent to spend more before its growth engine can return to full speed.
China’s Economy Rebounds From Coronavirus, but Shares Fall
Heavy spending on roads and rail lines reversed the economy’s outbreak-induced nose-dive in February and March. But retail sales stayed weak, alarming investors.
Will the Coronavirus Cause a Recession? Keep Your Eye on the Barbershops
The Fed reduced rates to keep the effects of the outbreak from spreading to sectors not directly affected by the virus.
How Bad Could It Get? Companies Gauge the Coronavirus Impact
Whether the economy slides into a recession may be determined by the way businesses react to the outbreak.