Tag: Economic growth
Boost Your Happiness: The Return of Demand
Clothing and lifestyle retailers have seen a positive shift in demand for apparel and accessories in the past two weeks, following a period of slow sales lasting six quarters. This increase in demand can...
Investing in Tech Innovation: US Allocates $504M for Development in Underserved Areas
The Biden administration recently allocated $504 million to twelve projects across the country in an effort to boost technological innovation in underserved areas. These grants will fund "tech hubs" in regions like western Montana,...
Exploring California’s $300 Billion Budget: What You Need to Know
Over the weekend, Governor Gavin Newsom of California approved a budget to address the state's $46.8 billion deficit. The total budget for the upcoming fiscal year is $297.9 billion, which will be used to...
Forecast: U.S. Debt Set to Exceed $56 Trillion in Next Decade
The Congressional Budget Office recently released projections that paint a bleak picture of the United States' fiscal future. The national debt is expected to exceed $56 trillion by 2034, driven by increasing spending and...
Argentine Monthly Inflation Expected to Plummet Below 5% – a Record Low Since 2022
Argentina is expecting a significant drop in monthly inflation rates, with analysts predicting a rate of 4.9% in May. This would be the lowest increase since the end of 2022, a positive outcome attributed...
South Korea’s jobless claims rise for second month in May
South Korea saw a rise in jobless claims for the second consecutive month in May, as indicated by data from the Labour Ministry. The increase in claims was attributed to higher demand in sectors...
Japan’s economy is shrinking, although slightly less than previously thought
Japan's Economy Sees Slight Contraction in First QuarterUpdated 11:45 AM GMT, May 6, 2021TOKYO (AP) — Recent government data reveals that Japan's economy contracted by 1.8% in the first quarter of this year, a...
Vietnam’s May CPI up 0.05% MoM, 4.44% YoY: GSO
Vietnam's May CPI Rises Slightly: What Does This Mean for Consumers?In the latest report from Vietnam's General Statistics Office (GSO), it was announced that the country's consumer price index (CPI) for May increased by...
Opinion: Time for a tune-up as NZ’s economic engine sputters
Education Crisis: Decline in Kiwi Students' SkillsIn a recent report by Oliver Hartwich, executive director of The New Zealand Initiative, it has been highlighted that Kiwi students' math, science, and reading skills have been...
Consumer confidence rebounds for first time in 3 months
Consumer Confidence Rebounds as Americans Cheer Labor MarketConsumer confidence unexpectedly rose in May, signaling the end of three straight months of declines. According to the latest index reading from the Conference Board, consumer confidence...