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South China Morning Post (September 13)

2021/ 09/ 14 by jd in Global News

“Even as they struggle with one of the world’s worst Covid-19 outbreaks, nations across Southeast Asia are slowly realising that they can no longer afford the economy-crippling restrictions needed to squash it…. Regulators are pushing forward with plans to reopen, seeking to balance containing the virus with keeping people and money moving.”

 

Philadelphia Inquirer (June 1)

2021/ 06/ 03 by jd in Global News

“After a year stuck at home, consumers who can afford it are ‘revenge spending’ – splurging on items and experiences they were deprived of during the pandemic…. More than half of U.S. consumers expect to spend extra by treating themselves, with higher-income millennials intending to spend the most.” It already shows. “Consumer spending is above pre-pandemic levels across the Philadelphia region and nation.”

 

Financial Times (April 16)

2019/ 04/ 18 by jd in Global News

“More than a third of Russians cannot afford to buy two pairs of shoes a year, and 12 per cent use an outdoor or communal toilet at home,” according to Russias statistics agency, Rosstat. These and other findings underscore “deepening economic gloom as tepid growth, five years of falling real incomes, high inflation, rising taxes and cuts to social handouts squeeze people.”

 

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