With the total Asian e-commerce market projected to be worth US$1.81 trillion in 20235, it’s no surprise that online shopping in Asia is booming. A young population, high internet penetration rates, and a growing middle class with more disposable income available are all driving the boom. I...
Hawaii secured the top spot as the U.S. state with the highest cost of living, with an average annual expenditure of $55,491.
First, per-capita GDP is correlated with other measures, such as per-capita income, but it’s not a perfect match. That’s why I often cite (as I didjust two days ago) data on “average individual consumption. Unfortunately, that data is only available for member states of the OECD. ...
Wyoming has no personal or corporate income tax, leaving residents with more disposable income. Wyoming's tax system isranked #1 overallby the Tax Foundation, which says its taxes are the most business-friendly in the nation. Wyoming produces both coal and renewable energy, making utility costs ...
Disposable Personal Income Gasoline Prices Households Debt to GDP Michigan Consumer Expectations Michigan Consumer Sentiment Michigan Current Conditions Personal Income MoM Personal Savings Personal Spending MoM Private Sector Credit RCM/TIPP Economic Optimism Index Redbook YoY Retail Sales Ex Autos MoM Retail...
International trade is a cornerstone of the U.S. economy, with the nation being both a majorimporterandexporterof goods and services. That said, trade policy has turned more protectionist in recent years, with the country pulling out of talks to join the CPTPP trade agreement and locked in ...
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US Nominal GDP reached 6,621.6 USD bn in Mar 2023, compared with 6,534.5 USD bn in the previous quarter.
The downturn followed the Fed's decision to implement a widely expected quarter-point rate cut, coupled with the news that the central bank plans fewer rate reductions next year than previously anticipated. The Fed now projects only two rate cuts in 2025, down from the four cuts it had ...
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