The partial reopening of Britain’s locked down economy has stimulated the fastest private sector growth in more than seven years. This is according to a closely watched monthly update of the economy. The Rise in Retail Sales A report on the state of the UK’s two biggest sectors, the services, and manufacturing sectors, showed both booming in April and prompted immediate … [Read more...] about UK Retail Sales Improves, Private Sector At All Time High
Putin’s Economic Isolation is in Retaliation of the New U.S. Sanctions
Russian President Vladimir Putin is likely to respond to the latest round of U.S. sanctions threats as he aims to make the country's economy more self-sufficient. In the seven years since Russia’s annexation of Crimea, Putin’s government and the Central Bank have stripped back the country’s exposure to dollars. It also shifted assets out of the U.S. and sold a smaller … [Read more...] about Putin’s Economic Isolation is in Retaliation of the New U.S. Sanctions
New Zealand’s Budget for Mental Health Brought Back to Life as Country’s Economy Recovers
Next month marks the 2nd year of Arden’s first “wellbeing budget.” This move aims to boost economic metrics such as GDP by using a much broader range of outcomes—including human health and safety to assess the success of policies. The move was greeted with international fanfare. And in the UK, Labour’s leadership has said it is examining similar plans. Wellbeing Budget But … [Read more...] about New Zealand’s Budget for Mental Health Brought Back to Life as Country’s Economy Recovers
Spain Wants Four Day Work Week, Seeing If It Doesn’t Affect Economy
Spain is about to ask hundreds of companies to join in one of the biggest-ever tests of whether a four-day workweek can be implemented without harming the economy. Spain's Four Day Work Week While initiatives elsewhere have largely been small-scale and started by individual businesses, Prime Minister Pedro Sanchez’s administration has agreed to put 50 million euros ($59 … [Read more...] about Spain Wants Four Day Work Week, Seeing If It Doesn’t Affect Economy
UK’s Sudden Economic Recovery Surprised the World
Two cheers for the British Wirtschaftswunder. It may not be an economic miracle, but the accelerating recovery now underway is a breathtaking turn of fortunes for the much denigrated Brexit economy. The UK will probably regain pre-COVID levels of output before the eurozone, perhaps by Christmas. By the end of next year, it may even have recouped the entire … [Read more...] about UK’s Sudden Economic Recovery Surprised the World