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Strong household demand, now restored to pre-war levels, mitigated the impact on GDP of falling exports last year. The consumer market is profoundly changed, with new brands from…
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DOI: 10.1108/OXAN-DB286565
ISSN: 2633-304X
Keywords
Geographic
Topical
Household consumption in China.
The importance of domestic consumption to China's economy.
In its wake, the cabinet under Prime Minister Fumio Kishida announced a record JPY55.7tn (USD490bn) economic relief package, billed as a step toward a 'live with corona' world in…
Upward revisions to the previous two quarters brought Japan’s growth rate to more than 2% year-on-year and meant that Japan's economy has now reported six consecutive quarters of…
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DOI: 10.1108/OXAN-DB223823
ISSN: 2633-304X
Keywords
Geographic
Topical
After a temporary surge in demand for food in March, monthly retail turnover fell sharply, driven primarily by low sales of durable goods in April-May. Smaller retailers were hit…
This was the first acceleration after twelve consecutive declines and was driven by an 11% rise in the prices of services. The war in Ukraine has exposed Russia’s consumers to…
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DOI: 10.1108/OXAN-DB280140
ISSN: 2633-304X
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Geographic
Topical
However, the government set a conservative real GDP growth target of 5% for the year (compared to average growth of 5.3% over the previous five years) in recognition of a series…
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DOI: 10.1108/OXAN-DB278094
ISSN: 2633-304X
Keywords
Geographic
Topical
Inflation has subsided owing to base effects. War, sanctions, geopolitical isolation and economic restructuring have already undermined population living standards, with poorer…
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DOI: 10.1108/OXAN-DB279113
ISSN: 2633-304X
Keywords
Geographic
Topical
Services including healthcare, entertainment and travel flourished while the share of housing in overall consumption fell, reflecting property-market troubles. Markedly lower…