The Westpac-Melbourne Institute index of consumer sentiment slid 3.0%. In July from June, when it dropped 4.5%. The index was down 23% from July last year at 83.8. Consumers fear inflation could hit 6% in the months ahead. Australia’s consumer feeling slid for an eighth consecutive month to match pandemic lows in July as the … Read more
BEIJING: China’s economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property sector slowdown. The eight per cent growth would be well above the government’s target of more than six per cent, and comes on … Read more
BEIJING: Export growth in China lost some steam in November, as holiday demand from abroad faded, official data showed on Tuesday, but the demand for overseas fuel pushed up imports to spike above expectations. Strong exports have helped boost growth in the world’s second-largest economy since the middle of 2020, with China containing domestic outbreaks through … Read more
