Washington Post (September 20)
“Although investors cheered the Federal Reserve’s recent rate cut and the stock market has kept powering along, the economy is facing growing headwinds on one crucial front — consumer spending,” which is “faltering.” Even upper income consumers “are being more strategic about when to make big purchases, buying in bulk and shopping at cheaper retailers,” but the “shift is most pronounced among lower-income consumers, who are disproportionately vulnerable to rising prices and other economic pressures eroding their purchasing power.”
Tags: Bulk, Consumer spending, Economic pressures, Economy, Faltering, Fed, Headwinds, Investors, Lower-income, Rate cut, Retailers, Rising prices, Stock market, Upper income, Vulnerable
Financial Times (January 25)
The German economy is “faltering.” Despite promises of reform and rebound, “Europe’s largest economy is starting to look more like a slow-moving car crash…. In 2023 it contracted by 0.3 per cent, making it the world’s worst-performing major economy. This has been accompanied by policy setbacks, nationwide strikes, and a steep decline in the ruling coalition’s popularity.”
Tags: 2023, Car crash, Contracted, Decline, Economy, Europe, Faltering, German, Major economy, Promises, Reform, Setbacks, Strikes, Worst-performing
The Economist (June 18)
“China’s economy is on course for a ‘double dip.’ The post-covid economy was meant to roar. But it is faltering again.” Since April, “retail sales, investment and property sales all fell short of expectations. And the unemployment rate among China’s urban youth rose above 20%, the highest since data began to be recorded in 2018.”
Tags: China, Double-dip, Economy, Expectations, Faltering, Investment, Post-Covid, Property sales, Retail sales, Unemployment rate, Urban youth
Washington Post (January 26)
The economic crisis may be over for the United States, “but for most other countries, not so much. Their recoveries are faltering. The obvious question is whether the global weakness will infect the U.S. expansion.”
