"Our back-of-the-envelope calculations suggest that the new tax adjustments translate to an annualized benefit of around Rs 75,000 to 80,000 per household. This could be a game-changer for demand," ...

Overall, it is a pragmatic budget that will give more money to the middle class to drive consumption. The reform agenda is ambitious, but it should be taken to its logical conclusion to drive ...

The surprising strength of the U.S. jobs market and the stickiness of inflation have led economists to mull what was once unthinkable — a possible interest rate rise by the Federal Reserve this ...

Household consumption and real income per capita both increased in the EU and eurozone in the third quarter of 2024 compared to the previous quarter, official data by Eurostat showed on Tuesday.

On past occasions when the world’s second-biggest economy ran ... heels for sneakers and spending more on experiences such as holidays, say analysts who track their consumption habits.

"Instead, an LLM [large language model] learns about everything ... Goldman Sachs estimated that the Fed's Personal Consumption Expenditures index (PCE) would rise to 3% by late 2025 if a 10% ...

SEOUL -- South Korea's economy grew slightly in the fourth quarter of 2024, driven by modest increases in private and government consumption, according to central bank data released Thursday ...

The underlying stress in the economy became more apparent in 2024 as consumption momentum slowed. Private final consumption expenditure grew by 5.96% at constant prices in Q2 FY25, compared to 7. ...

Spanish Prime Minister Pedro Sánchez fired back at Donald Trump on Wednesday after the U.S. president criticized Madrid for falling well short on its defense spending. “Rest assured, Spain is very ...

NATO Secretary-General Mark Rutte has said spending might need to rise to as much as 3.7 percent of GDP. Only Poland is above that right now. The current target for defense spending is 2 percent ...

On a quarter on quarter basis, GDP growth also missed expectations. South Korea's fourth-quarter GDP missed estimates Thursday, with weakness in consumption ... in consumer spending slowed to ...

"The market is probably also looking ahead to next week's FOMC meeting and Personal Consumption Expenditure (PCE) data, particularly the inflation read," said Peter Grant, vice president and ...