Articles for Spending Growth

Mint Primer | Slowdown: Time to recalibrate India’s growth story in FY25?
3 weeks, 1 day ago

Mint Primer | Slowdown: Time to recalibrate India’s growth story in FY25?

Live Mint  

Why did the Q2 GDP growth surprise? The rapid pace of growth the economy posted just last year suddenly looks distant. The outlook remains weak as the world heads into a potential trade war and slowing global economic growth. The nominal GDP growth in the first half of FY25 is just 8.9%. The economy must grow at over 12% in …

Growth Fy25
Tax rises aren’t the only way to fill a £20bn black hole in government spending
4 months, 3 weeks ago

Tax rises aren’t the only way to fill a £20bn black hole in government spending

The Independent  

Rachel Reeves is preparing to drop a financial bomb on Britain next week. The Institute for Fiscal Studies explained this in its analysis of Labour’s low-fi manifesto that, it said, “leaves literally no room – within the fiscal rules that it has signed up to – for any more spending than planned by the current government”. The plans of that …

Labour Spending Reeves
Broad govt spending needed to boost long-term growth
4 months, 4 weeks ago

Broad govt spending needed to boost long-term growth

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. Reduced government spending decreased total market demand and could further suppress economic activity, affecting key economic areas such as business investment and consumer spending, leading to poor growth momentum and even contraction. As a matter of fact, government bonds are foundational financial assets and the base of the …

Economy Growth China Market Financial Economic Development Economic
US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools
6 months, 3 weeks ago

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools

Hindustan Times  

The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer and equipment spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates before the end of the year. Details of the report showed that consumer spending growth, revised down by 0.5 …

Inflation Report Fed Quarter Rate Spending Growth
Keep cautious eye on risk of safe-haven funds
7 months, 3 weeks ago

Keep cautious eye on risk of safe-haven funds

China Daily  

CAI MENG/CHINA DAILY The latest data released by the US government shows that the GDP of the United States for the first quarter of the year increased at an annualized rate of 1.6 percent, lower than the expected 2.4 percent and significantly slower than the 3.4 percent growth rate in the fourth quarter of last year. In the first quarter, …

Growth China Economic Growth Quarter Rate Government Spending
Labour WILL need to raise taxes if it wins the election and wants to avoid cutting public services, according to experts who say the current situation is 'unsustainable'
8 months, 1 week ago

Labour WILL need to raise taxes if it wins the election and wants to avoid cutting public services, according to experts who say the current situation is 'unsustainable'

Daily Mail  

Labour will have to raises taxes yet further to maintain the UK's current level of public spending if it wants to avoid adding to the UK's already huge debt mountain, experts warned today. Despite a huge increase in tax revenues in recent years it is still not keeping up with the growth in public spending, the respected Institute for Fiscal …

Public Services Spending Public Keir Public Spending Fund Tax
Budget 2024: Online retail industry calls for higher spending on digital infrastructure
10 months, 3 weeks ago

Budget 2024: Online retail industry calls for higher spending on digital infrastructure

India TV News  

The rapid growth of e-commerce in tier-2 and tier-3 cities is the key driving factor behind the rise of the online retail market. According to Deloitte India, online retail penetration is projected to grow at an extraordinary rate in the coming years, and the size of the online retail market could touch USD 325 billion by 2030, compared to USD …

India Retail Budget Online
China’s July exports tumble by double digits, adding to pressure on economy
1 year, 4 months ago

China’s July exports tumble by double digits, adding to pressure on economy

LA Times  

Chinese leaders are trying to shore up business and consumer activity after a rebound sparked by the end of coronavirus controls in December fizzled out earlier than expected. China’s exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Demand for Chinese exports cooled after the …

China Russia Exports Imports Chinese Billion
US economy grew faster than expected in Q2
1 year, 4 months ago

US economy grew faster than expected in Q2

Al Jazeera  

The US economy grew faster than expected in the second quarter as labour market resilience supported consumer spending, while businesses boosted investment in equipment, potentially keeping a much-feared recession at bay. The government’s measure of inflation in the economy, the price index for gross domestic purchases, increased at a 1.9 percent rate, slowing from the 3.8 percent pace logged in …

Economy Growth Claims Spending Fed Quarter Rate
Germany economy shrinks in first quarter, signaling one definition of recession
1 year, 6 months ago

Germany economy shrinks in first quarter, signaling one definition of recession

Associated Press  

BERLIN — The German economy shrank unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession. Two consecutive quarters of contraction is a common definition of recession, though economists on the euro area business cycle dating committee use a broader set of data, including employment figures. Employment in the …

Economy Germany This Year Quarter German Recession First Quarter
Tax-Capex double engine in Union Budget 2023-24
1 year, 10 months ago

Tax-Capex double engine in Union Budget 2023-24

Hindustan Times  

Finance minister Nirmala Sitharaman on Wednesday presented a Budget that continued her government’s emphasis on capital investment, with a record ₹10 lakh crore spend planned in 2023-24, sought to encourage taxpayers to spend more with tax cuts, and announced a ₹35,000 crore expenditure on energy transition even as she managed to reduce the fiscal deficit to 5.9% from 6.4% this …

Finance India Tax Budget Crore Minister Lakh
After Elon Musk's Twitter, Meta To Slash Thousands of Jobs: All You Need To Know
2 years, 1 month ago

After Elon Musk's Twitter, Meta To Slash Thousands of Jobs: All You Need To Know

The Quint  

The possible layoffs have been triggered for two reasons – Meta’s growth stagnancy in its core social media business, and a lack of returns in its “metaverse” technology, focussing on augmented reality. The Hitch: Investors have expressed displeasure with increased spending on the “metaverse” through the company’s Reality Labs, which made a $3.7 billion loss over the last three months. …

Meta
United States recession fears grow as economy contracts for second quarter
2 years, 4 months ago

United States recession fears grow as economy contracts for second quarter

ABC  

The United States economy has unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising speculation the economy is on the cusp of a recession. Key points: Prices for groceries, petrol and other basics increased at the fastest pace since 1981 Job growth averaged 456,700 per month in …

Economy Inflation Consumer Spending Second Fed Quarter Rate
The US economy shrank in the first quarter
2 years, 7 months ago

The US economy shrank in the first quarter

CNN  

New York CNN Business — America’s economy unexpectedly shrankin the first quarter of 2022, data from the Bureau of Economic Analysis showed Thursday. “While last quarter’s growth estimate was affected by technical factors, the United States confronts the challenges of Covid-19 around the world, Putin’s unprovoked invasion of Ukraine, and global inflation from a position of strength,” the statement said. …

Economy Growth Ukraine Decline Fed Quarter Rate
Growth slows at end of 2021 in 19 countries that use euro
2 years, 10 months ago

Growth slows at end of 2021 in 19 countries that use euro

Associated Press  

FRANKFURT, Germany — The European economy slowed noticeably at the end of last year as surging COVID-19 cases driven by the omicron variant piled on top of supply shortages and rising energy prices that dented consumer purchasing power. In the 19 countries that use the euro, growth in the last three months of 2021 came in at 0.3%, the European …

Europe Growth Consumer Russia Germany Eurozone Quarter
A preview to the Union budget, in five charts
2 years, 10 months ago

A preview to the Union budget, in five charts

Live Mint  

Two of the three Union Budgets presented by Finance Minister Nirmala Sitharaman so far have had a distinct backdrop behind them. For 2021-22, the Centre increased the total budget size by a measly 1%, against the average annual increase of 15% in the preceding four years. Every rupee of capital expenditure by the government adds ₹2.50 to the GDP, according …

India Pandemic Tax Budget Centre This Budget Capital Expenditure
US recovery from pandemic recession is showing momentum
3 years, 7 months ago

US recovery from pandemic recession is showing momentum

Associated Press  

WASHINGTON — Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans their jobs and businesses. The economy grew last quarter at a vigorous 6.4% annual rate, the government said …

Economy Growth Pandemic Recovery Spending Biden Quarter
Consumption sees steady recovery in Q1
3 years, 8 months ago

Consumption sees steady recovery in Q1

China Daily  

Shoppers at a supermarket in Nantong, Jiangsu province. During the first three months of the year, retail sales of consumer goods hit 10.52 trillion yuan, up 33.9 percent on a yearly basis, while the two-year growth reached 4.2 percent, the National Bureau of Statistics said on Friday. In March, the average growth over a two-year period for the catering sector …

Growth China Retail Sales Spending Sector Yuan
US consumer spending fell 0.2% in December in face of virus
3 years, 10 months ago

US consumer spending fell 0.2% in December in face of virus

Associated Press  

WASHINGTON — U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for an economy struggling under the weight of a still out-of-control pandemic. On Thursday, the government estimated that the economy grew at a 4% annual rate in the final three months of 2020 but shrank last year by …

Economy Pandemic Consumer Spending Aid Fed Rate Months
Australia 'emerges from recession' after GDP figures show economy growing for the first time this year
4 years ago

Australia 'emerges from recession' after GDP figures show economy growing for the first time this year

ABC  

The Reserve Bank governor is warning recovery from this year's recession is likely to be "uneven and drawn out" as Australia's gross domestic product grows for the first time in 2020. Key points: GDP rose 3.3 per cent this quarter, as COVID-19 restrictions eased across most states and territories Household consumption grew almost 8 per cent after a 12.5 per …

Economy Growth Australia Recovery Spending Covid Cent
Cabinet gives consumer spending a boost
4 years ago

Cabinet gives consumer spending a boost

China Daily  

SHI YU/CHINA DAILY Measures to promote vehicle sales, household purchases and tourism The State Council, China's Cabinet, underlined the role of consumer spending as the strongest underpinning for future economic growth as it rolled out a raft of new measures to promote consumption in key sectors and rural areas. "An important factor that drags on economic growth at present is …

Growth China Consumer Rural Local Authorities Rural Areas Home Appliances
Jobs and other economic gauges signal slowing US recovery
4 years, 2 months ago

Jobs and other economic gauges signal slowing US recovery

Al Jazeera  

Hopes for a continuous, rapid rebound for the recession-ridden United States economy were dealt another dose of reality on Thursday, with gauges of layoffs, consumer spending, incomes and factory activity all signalling America’s recovery is shifting into low gear. On the jobs front, claims for initial unemployment benefits filed with states – a proxy for layoffs – fell by 36,000 …

Recovery Economic Consumer Spending