Mounting trade tensions, an increase in trade-restrictive measures and continuing economic uncertainty created real challenges for world trade in 2018,
This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a “polycrisis” year, a term popularised by historian Adam Tooze.
Statistics from the Federal Competitiveness and Statistics Centre (FCSC) revealed that the Consumer Price Index (CPI) at the end of 2021 reached 108.62, compared to 105.97 in December 2020, which puts the inflation rate at 2.5 per cent year-on-year, and at 0.02 per cent
Global share prices eased and US Treasury yields hit multi-year highs on Wednesday as investors bet that the US Federal Reserve will couple shrinking of its balance sheet next month with a big interest rate hike to quell decades-high inflation.
British consumers, whose spending has helped the economy through the Brexit crisis, cut back on their shopping in October, according to official data that adds to signs the economy is losing momentum.
Video clip shows the monster reptile scaling a shelf of milk, knocking off cartons and causing onlookers to cry out in shock.
British shoppers paused in April after three months of strong buying, according to official data that showed continued underlying strength in consumer spending even as the Brexit political crisis unfolded. Monthly retail sales volumes were flat last month, the Office for National Statistics said,
Walmart said that prices for shoppers would rise due to higher tariffs on goods from China as the world’s largest retailer reported its best comparable sales growth for the first quarter in nine years. Bentonville, Arkansas-based Walmart called out the impact of tariffs on consumers
British consumers unexpectedly increased their shopping in January, but the big picture remains one of weak demand from inflation-hit households relying more on discounts at retailers to make ends meet.