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A service for finance industry professionals · Friday, November 29, 2024 · 764,828,265 Articles · 3+ Million Readers
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Household Consumption News Monitoring

  • Published on 13:15 GMT

    Portuguese with 4th highest increase in consumption expenditure

    Household consumption expenditure in the European Union (EU), adjusted for inflation, had a slight increase of 0.5% last year, which compares with a year-on-year increase of 5.4% in 2022. Portugal is the seventh state member with the highest expenditure, …

    Source: The Portugal News - Label Pending
  • Published on 10:39 GMT

    Turkey falls into recession as interest rates remain sky-high

    Analysts believe rate cuts will begin early next year as high borrowing costs stifle investment and production. Turkey’s economy shrank 0.2% quarter-on-quarter in the period from July to September, said the Turkish Statistical Institute on Friday. This …

    Source: Euronews - Neutral
  • Published on 13:36 GMT

    US Dollar Strengthens Amid Limited US Market Activity, Global Inflation Shift

    The US market reopens post-Thanksgiving with limited activity expected. The DXY strengthened slightly, correcting Wednesday’s sell-off. The Brazilian real hit an all-time low due to disappointing fiscal cuts. German inflation stagnated, supporting dovish …

    Source: Investing - Neutral
  • Published on 12:01 GMT

    French GDP Growth Accelerates; Inflation Rises Marginally

    The French economic growth accelerated as estimated in the third quarter on the Paris Olympic and Paralympic Games and inflation rose only marginally in November, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.4 …

    Source: RTTNews - Neutral
  • Published on 10:42 GMT

    Swedish GDP Revised Higher In Q3

    Sweden's economy expanded in the third quarter, revised from a slight contraction estimated initially, the latest data from Statistics Sweden showed on Friday. Gross domestic product rose 0.3 percent sequentially in the third quarter, following a …

    Source: RTTNews - Neutral
  • Published on 11:47 GMT

    Turkish economy expands by 2.1 percent in third quarter

    ANKARA Türkiye’s economy grew by 2.1 percent in the third quarter of 2024, according to data released by the Turkish Statistical Institute (TÜİK) on Nov. 29. While the growth reflects moderate progress, it aligns with projections made during the country’s …

    Source: Hurriyet Daily News - Pro-Government
  • Published on 08:14 GMT

    Turkey Economy Slides Into Recession Ahead of Rates Decision

    (Bloomberg) -- Turkey entered a technical recession in the third quarter as industrial production plunged, providing more evidence to the central bank as it ponders whether to start cutting interest rates next month. Most Read from Bloomberg The $1.3 …

    Source: Yahoo Finance - Label Pending
  • Published on 12:13 GMT

    Croatia’s high growth figures do not reflect the whole picture, warns an economic expert

    In the afternoon programme "Pregled dana" with Ilija Jandric on Thursday, economic analyst Ljubo Jurcic commented on Croatia's GDP growth, which is among the highest in the EU. Jurcic explained that although the growth figures are correct, …

    Source: N1 Info - Croatia - Neutral
  • Published on 06:29 GMT

    Nepal’s Energy Trade Leap with Bangladesh and India

    Nepal’s recent milestone—exporting 40 MW of electricity to Bangladesh via the Indian grid—is a bold step toward redefining regional energy cooperation. This historic trilateral agreement, signed on October 3, 2024, between Nepal, India, and Bangladesh, is …

    Source: Khabarhub - Neutral
  • Published on 05:32 GMT

    Hopes of early rate cut in 2025 by Australia’s central bank fade: KPMG

    Hopes of an early rate cut next year by Australia’s central bank (RBA) are fading as both the seasonally-adjusted headline rate and the trimmed mean inflation rate lifted over the month, according to KPMG Australia.The latest monthly consumer price …

    Source: Fibre 2 Fashion - Neutral
  • Published on 01:38 GMT

    India’s falling wages squeezes urban middle class and economy

    Indian wages contracted last quarter for the first time since the pandemic, curbing the economy’s breakneck speed as consumers cut spending and corporate profits slump. Inflation-adjusted employment costs for listed non-financial companies — a proxy for …

    Source: The Economic Times - Center-right
  • Published on Nov 28, 2024

    The Import of Exports

    When Donald Trump became president in 2017, he made a radical break with the free trade ideology that had defined US foreign economic policy since the end of World War II. At the core of this shift was a particular hostility to China, chiming with Trump’s …

    Source: The New York Review of Books - Neutral
  • Published on Nov 28, 2024

    London budget: The journey to a 7.3% tax hike, and a dire warning for 2026

    Breadcrumb Trail Links News Local News Its official, property taxes will be increasing in the new year by over seven per cent — marginally lower than what was forecast in late October to help fund London's $1.4 billion spending plan. Mayor Josh Morgan …

    Source: The London Free Press - Label Pending
  • Published on Nov 28, 2024

    One word explains why rates haven’t dropped

    Inflation has fallen to a three-year low but the Reserve Bank of Australia (RBA) governor is in no rush to cut Australia’s cash rate. During her speech at the Committee for Economic Development of Australia (CEDA) annual dinner, RBA governor Michele …

    Source: The Geelong Advertiser - Center-right
  • Published on Nov 28, 2024

    Household Income in Q3 Increase by 4.4%

    Photo : YONHAP News The average monthly income per household increased by four-point-four percent in the third quarter compared to the previous year. According to a survey conducted by Statistics Korea and released on Thursday, the average monthly income …

    Source: KBS World - Label Pending
  • Published on Nov 28, 2024

    Dumplings Industry Forecast To Reach $3.69 Billion By 2030 - Analysis Of Regional Markets By Type, Ingredient Source, ...

    (MENAFN- GlobeNewsWire - Nasdaq) Emerging Opportunities Lie in the Expansion of e-commerce Platforms which Facilitate Wider Distribution and Visibility of Niche and Artisanal Dumpling Brands Dublin, Nov. 28, 2024 (GLOBE NEWSWIRE) -- The "Dumplings …

    Source: MENAFN - Uncategorized
  • Published on Nov 28, 2024

    South Korea Extends Fuel Tax Cut to Ease Winter Burden

    The South Korean government will extend the temporary fuel tax cut by two months until the end of February next year, Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok announced on a KBS radio broadcast on Nov. 28. This measure, …

    Source: Business Korea - Neutral
  • Published on Nov 28, 2024

    12% VAT: A Fiscal solution or an economic burden on the middle class?

    he increase in the Value-Added Tax (VAT) rate from 11 percent to 12 percent has been officially confirmed by Finance Minister Sri Mulyani to take effect on Jan. 1 next year. Although this decision has come as a surprise, it has been made to boost state …

    Source: The Jakarta Post - Neutral
  • Published on Nov 27, 2024

    Why and How Estimates of North Korean GDP by the Bank of Korea Are Deceptive

    The most commonly used indicator to gauge a country’s economic capacity and well-being is Gross Domestic Product (GDP). GDP is defined as “the market value of all final goods and services produced within a country in a given period.” It measures the flow …

    Source: 38 North - Neutral

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