China’s consumer spending remains sluggish despite reopening efforts, as concerns over economic uncertainty, rising debt, and a cautious outlook weigh heavily on demand-posing a major hurdle to the nation’s post-pandemic recovery
Browsing: consumer confidence
Germany is grappling with a pressing dilemma as consumer spending struggles to keep pace with soaring savings. Amidst economic uncertainty and persistent high inflation, many Germans are choosing to prioritize their financial security over splurging on non-essential items. This shift in mindset is casting a shadow over retail growth and complicating recovery efforts across the nation.
China’s new plan to boost consumer spending focuses on increasing household incomes, enhancing social security, and promoting digital payment systems. This multifaceted approach aims to stimulate domestic demand and support economic growth amid global uncertainties.