Cooling Demand for Goods Threatens to Turn Pandemic Boom Into Bust
Share this @internewscast.com



Factories around the world are reporting weakening demand for their products, a sign that the consumer-goods boom that kick-started the postpandemic economic recovery could turn into a bust as surging prices and interest rates erode spending power.

Surveys of manufacturers released Friday told a similar story whether the factory was in South Korea, Italy or the U.S.: Output is falling or is rising at a slower pace, driven by declines in new orders, and particularly those from overseas buyers.

Share this @internewscast.com
You May Also Like

DeSantis May Lose Suit By Tampa Prosecutor He Fired For Pro-Choice Stance

Thursday, Florida Governor Ron DeSantis purged Tampa’s elected prosecutor, Andrew Warren. Warren…

Britney Spears Releasing Duet With Elton John—In Return To Music After Ending Conservatorship

Topline Britney Spears will soon release her first new song in six…

Berkshire Hathaway’s Earnings Fall, Hurt by Market Volatility

Berkshire Hathaway earnings slid in the second quarter as market turmoil weighed…

As The Once Hot Economy Smolders, A Hawkish Fed Gets New Ammo

Initial Jobless Claims Universal Value Advisors The biggest surprise this past week…

Nomad announces $19-million bounty for lost funds from recent hack

Nomad announced a bounty of up to 10% for the return of…

Radisson Hotel Group CEO Outlines Planes For Luxury, Sustainability And 2022 Growth

Federico J. González, CEO of Radisson Hotel Group Radisson Hotel Group Federico…

The Best New Movies And Shows To Stream On Netflix, Hulu, Amazon, HBO, Apple TV+, Paramount+ And Disney+ This Week

NEW YORK, NY – MAY 14: Jamie Foxx attends the 2018 Fox…

Gavi Threatens To Leave FC Barcelona If Bernardo Silva Signs From Manchester City

Gavi is threatening to leave FC Barcelona if they sign Bernardo Silva…