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 …
Money management
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 …
Global Economic Growth Is Being Hampered by Inflation and Prohibitive Monetary Policies
Global economic growth keeps being hampered as inflation ramps up the pressure on the markets, according to the Global Economic Outlook (GEO) of Fitch Ratings.China also has to contend with the additional challenge of the lockdown due to COVID. This, in turn, affects their manufacturing supply chain …
