economic conditions
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News
Retail spending fell in March as consumers pull back
Washington DC CNN — Spending at US retailers fell in March as consumers retreated after a banking crisis sparked fears…
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Deutsche Bank, UBS stocks sink as fear of European banking crisis returns
London CNN — European bank stocks tumbled on Friday as investors acted on their lingering worries that the recent crisis…
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Britain hit by biggest day of strikes in a decade as pay disputes escalate
London CNN — Up to half a million workers are outstanding across Britain on Wednesday, closing schools, canceling university lectures…
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The US economy grew by 2.9% in the fourth quarter, more than expected
Minneapolis CNN — US economy expand again in the fourth quarter, recording solid growth through the end of 2022 even…
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Europe could dodge a recession. But the UK economy is in a mess
London CNN — Business activity across the 20 euro countries expanded in January for the first time in six months,…
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China’s local governments set 2023 growth targets, offering clues on economic recovery
Hong Kong CNN — Several key Chinese provinces and cities have announced growth targets for this year, most of them…
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Xi Jinping estimates China’s 2022 GDP grew at least 4.4%. But Covid misery looms
Hong Kong CNN — China’s economy growth of at least 4.4% by 2022, according to leader Xi Jinping, a figure…
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UK wages next year will be at their lowest level since 2006, report says
London CNN — Britons hoping for a pay rise in the new year to make up soaring food and energy…
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