The Australian economy may likely experience a recession as its monetary policy is on course to undergo its harshest tightening in a while. This reduces the sales of lands and properties, as citizens significantly reduce their expenditures.Almost all 23 economists polled believe the Reserve Bank of …
Money management
COVID-19 Policies Have More Impact on China’s Economy Than Anticipated
The COVID-19 policies in China led to lockdowns in populated areas such as Beijing and Shanghai. This is noticeable in the national accounts data for the second quarter. China's economy has grown yearly at 0.4%, but on a quarter-to-quarter basis, the results are far less than anticipated, dropping …
The UK Retail Market Is Seeing Its Worst Decline Since the Pandemic Shutdown
A UK retail association has reported that as price increases strain household finances, retail sales decline at a previously unseen rate since the height of the epidemic.According to the British Retail Consortium, consumers buy fewer large electrical appliances like refrigerators and plate-washers …