Japan’s May household spending growth slows from previous month
Japan’s household spending rose at a double-digit rate in May as consumers bought cars and mobile phones, though the pace of growth slowed from the prior month as a new wave of COVID-19 infections weighed on consumer confidence.
U.S. consumer confidence at 16-month high; house price inflation heating up
U.S. consumer confidence jumped to its highest level in nearly 1-1/2 years in June as growing labor market optimism amid a reopening economy offset concerns about higher inflation.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
Yellen says inflation should be lower than current levels by year end
U.S. Treasury Secretary Janet Yellen said on Wednesday that inflation should retreat by year end from its current elevated level as supply bottlenecks get worked out, adding she sees little evidence inflation expectations are becoming unanchored.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
COVID deals new blow to foreign carmakers’ Indian dream
Foreign automakers’ hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the United States.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
Japan to avoid recession, but Q2 growth forecasts cut sharply
Japan’s economy likely grew and avoided slipping into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a Reuters poll showed.
Virus outbreaks at Thai factories threaten export sector, recovery
A series of coronavirus outbreaks in Thai factories is raising concerns that the export sector could be hit hard, threatening to further undermine an economy as it struggles to recover from the pandemic’s crippling blow to the crucial tourism industry.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
