Tag: Consumer Spending
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China’s Economic Engine Slows as Housing, Spending Weaken
China's economy showed fresh signs of strain in July, with key indicators pointing to a loss of momentum.
Industrial output growth slowed noticeably to 5.7%...
Federal Reserve Holds Rates Steady Amid Growing September Cut Expectations
The U.S. Federal Reserve maintained its benchmark interest rate at 4.25%–4.50% on Thursday, extending a pause first implemented in December 2024.
While the decision aligned...
US GDP Beats Forecasts But Underlying Demand Cools
U.S. Q2 GDP grew at a stronger-than-expected 3.0% annualized rate, easing recession concerns.
However, financial advisory firm deVere Group warns the headline figure masks softening...
Ghana Inflation Eases but Food, Utilities Strain Households
Ghana’s headline inflation fell to 13.7% year-on-year in June 2025, the lowest rate recorded in over three years and the sixth consecutive monthly decline,...
Consumer spending recovers in most categories – South African bank
With easing of lockdown, South Africa's First National Bank (FNB) on Thursday said spending by their clients using debit, credit, and fusion cards increased...
