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UK Retail Sales Plunge 3.2% in December, Raising Recession Fears – Official Data

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UK retail sales plummeted by 3.2% in December, raising fears of a recession, according to official data. The slump, the largest in three years, was largely driven by poor performance in food stores and consumer concerns over the cost-of-living crisis and rising interest rates. The decline in sales volumes could have political implications as the UK enters an election year. Measures such as fiscal stimulus and policies to boost consumer confidence may be necessary to mitigate recession risks.

South Korea’s Inflation Slows to 25-Month Low, Raising Expectations for Central Bank Rate Cut

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South Korea's consumer inflation at a 25-month low raises expectations of a central bank rate cut. Will external factors influence the decision?

India’s exports suffer a 6 percent decline in May due to global demand concerns.

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India's combined exports of goods & services fell by 6% in May 2023, totaling USD 60.29bn. Imports declined by 7.45% YoY to USD 70.64bn. Learn more about India's trade performance & trends in this report.

India Records Lowest Wholesale Inflation in 3 Years at -3.48% in May

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Good news for India as wholesale inflation hits a 3-year low in May. The Wholesale Price Index dropped to -3.48% due to a decline in various goods. Retail inflation also decreased to 4.25%.

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India’s exports suffer a 6 percent decline in May due to global demand concerns.

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India's combined exports of goods & services fell by 6% in May 2023, totaling USD 60.29bn. Imports declined by 7.45% YoY to USD 70.64bn. Learn more about India's trade performance & trends in this report.

India’s FY23 GDP growth expected to surpass 7.2% according to Chief Economic Adviser Nageswaran.

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India's Chief Economic Advisor, Dr V Anantha Nageswaran, expects India's GDP growth to be even higher than the projected 7.2% for 2022-23. This upward trend is an achievement for the economy and the government.

South Korea’s Inflation Slows to 25-Month Low, Raising Expectations for Central Bank Rate Cut

Business 0
South Korea's consumer inflation at a 25-month low raises expectations of a central bank rate cut. Will external factors influence the decision?

UK Retail Sales Plunge 3.2% in December, Raising Recession Fears – Official Data

Business 0
UK retail sales plummeted by 3.2% in December, raising fears of a recession, according to official data. The slump, the largest in three years, was largely driven by poor performance in food stores and consumer concerns over the cost-of-living crisis and rising interest rates. The decline in sales volumes could have political implications as the UK enters an election year. Measures such as fiscal stimulus and policies to boost consumer confidence may be necessary to mitigate recession risks.

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