Dollar stores are seeing an increased number of customers looking to stretch their budgets amid soaring inflation, even as the cost of living is taking its toll on other retailers, according to new data. The latest data released by foot traffic analytics firm Placer.ai shows that visits to dollar stores owned by Dollar General Corp.,…
In a Struggling Economy With Soaring Inflation, Dollar Stores Are Winning
Back-to-School Spending to Set Record on Pricier Supplies: Report
Retailers are set for the strongest back-to-school shopping season on record as inflation drives up prices of clothes and supplies and more students return to physical classrooms after two years of pandemic-led disruption, a Deloitte forecast showed. Spending is expected to jump 5.8 percent to $34.4 billion this year, Deloitte said on Thursday, citing an…
Washington’s Bleak Outlook
Commentary It makes for a depressing reading. The Congressional Budget Office (CBO) anticipates that federal spending will continue to outstrip revenues. Historically large annual deficits will add to the nation’s already heavy accumulation of public debt so that by 2032, outstanding government debt held by the public will rise to 110 percent of the nation’s…
Japan’s Household Spending Falls as Rising Costs Squeeze Consumers
TOKYO—Japan’s household spending fell faster than expected in April as the yen’s sharp decline and surging commodity prices pushed up retail costs, hitting consumer confidence and heightening pressures on the battered economy. Spending improved from the previous month as households showed increasing appetite for services such as eating out, but the month-on-month rise was smaller…
German Lawmakers Approve 100 Billion Euro Military Revamp
BERLIN—Germany’s Bundestag, the lower house of parliament, on Friday approved creation of the 100 billion euro ($107.2 billion) special defence fund that Chancellor Olaf Scholz announced in response to Russia’s invasion of Ukraine. The money is destined to top up the regular defence budget of around 50 billion euros over several years to help re-build…
Governments Continue to Increase Spending With Precarious Public Support: Fraser Institute
Despite claiming a return to fiscal responsibility, most governments across Canada continue to increase spending with no signs of a balanced budget in sight, argues Jake Fuss, associate director for fiscal studies at the Fraser Institute. “Projections for government revenues increased significantly across the country due to unexpectedly high commodity prices and a faster-than-anticipated economic rebound…
Governments Continue to Increase Spending With Precarious Public Support: Report
Despite claiming a return to fiscal responsibility, most governments across Canada continue to increase spending with no signs of a balanced budget in sight, argues Jake Fuss, associate director for fiscal studies at the Fraser Institute. “Projections for government revenues increased significantly across the country due to unexpectedly high commodity prices and a faster-than-anticipated economic rebound…
Excessive Government Spending is Dragging Down the American Economy, Analysts Say
April 30, 2022
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A year ago, President Joe Biden was riding the polls with a 59 percent approval rating having just signed what he called the “American Rescue Plan” (ARP), a stimulus package that the administration promised would “provide direct relief to the Americans, contain COVID-19 and, rescue the economy.” A year later, having approved the $1.9 trillion…
Russia Flags Further Rate Cut, More Budget Spending
April 18, 2022
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Russia on Monday flagged a likely further cut in interest rates and more budget spending to help the economy adapt to western sanctions. Russia faces soaring inflation and capital flight while grappling with a possible debt default after the West imposed unprecedented sanctions to punish President Vladimir Putin for sending tens of thousands of troops…
US Consumer Mood Brightens in Early April, Survey Shows
U.S. consumer sentiment rebounded unexpectedly in early April from a decade low with the strong job market lifting the outlook for wage growth and a fall in gasoline prices from the previous month’s record high helping to cap expectations for a further acceleration in inflation, a survey showed on Thursday. The University of Michigan’s Consumer…
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