Two worrying economic stories today, China and this one. We all feel the effect when large economies contract
Japan’s economy shrunk at a 6.3% annual rate in the 4th quarter after last autumn’s rise in consumption tax, much worse than the 3.7% predicted. ft.com/content/561ac7…
Japan’s economy shrunk at a 6.3% annual rate in the 4th quarter after last autumn’s rise in consumption tax, much worse than the 3.7% predicted. ft.com/content/561ac7…
There was a similar contraction in 2014.
This time there was another rise in consumption tax of over 3% in October resulting in an 11% drop in consumer spending, plus a 14% drop in foreign investment.
Fiscal stimulus measures have been ineffective.
This time there was another rise in consumption tax of over 3% in October resulting in an 11% drop in consumer spending, plus a 14% drop in foreign investment.
Fiscal stimulus measures have been ineffective.
A downward turn in Chinese tourists in recent years can only have been exacerbated by the COVON-19 outbreak this year.
And the Chinese economy is showing the strain too.
We will all feel it.
And the Chinese economy is showing the strain too.
We will all feel it.
