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WASHINGTON (Reuters) -U.S. business activity nearly stalled in February amid mounting fears over tariffs on imports and deep cuts in federal government spending, erasing all the gains notched in ...
New data from Barclaycard has revealed consumer card spending increased 10.6% year-on-year as spending was boosted by the easing pandemic restrictions compared with 2021.
U.S. consumer confidence dipped for the second consecutive month in January, a business research group said Tuesday. The Conference Board reported that its consumer confidence index retreated this ...
After 3 years, both banks were put into bankruptcy, a new nationalized bank was created and the assets of the two bankrupt banks and the bank accounts of local account holders were transferred to the new bank and the local depositors were made whole by stealing about $180 million of money belonging foreign depositors, who lost their entire savings.
Sales in India fell approximately 20 percent in 2021 due to the shortage of chips and the amount of light vehicles lost to shortages was half a million vehicles. [20] In February 2022, Peter S. Goodman, writing in The New York Times, argued that returning to the pre-COVID-19-pandemic global supply chain was seen as "unlikely" in 2022. [21]
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
The credit card data from America's third-largest bank reflects reports from the wider economy—the U.S. Bureau of Economic Analysis's latest report shows the growth in consumer spending dropped ...
The government projects that the GDP will contract by 5.5% in 2020. The First Metro Investment Corp projects a year-on-year GDP decline of 8–9%. The decline is led by a decrease in household spending which typically accounts for 70% of the country's GDP and hesitancy on spending due to COVID-19 community quarantine measures. [334]