Retail Sales in sweden down 13.4% relative to trend in Sweden. Catastrophic numbers.
Is Sweden a canary in the European coal-mine? pic.twitter.com/uRwCtocKnz
— AndreasStenoLarsen (@AndreasSteno) April 28, 2023
JUST IN – Taiwan sinks into recession, economy contracts by 3% in the first quarter – worse than expected.
— Disclose.tv (@disclosetv) April 28, 2023
Worst of Both Worlds, Stagflation Right Now, But What’s Ahead?
The US economy was slowing even before the brunt of any credit crunch stemming from the recent bank failures, while inflation accelerated, highlighting the enormous challenge faced by the Federal Reserve.
From Japan To Europe To US, It’s Still All About Inflation
The yen is copping it after the Bank of Japan left its policy settings unchanged as expected, though there was a clear inkling from the statement that change may be in the air.
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