To: Sun Tzu who wrote (2037 ) 8/21/2021 1:22:51 PM From: Sun Tzu Respond to Charting the Global Economy: Snarled Supply Chains, Weaker DataBy Vince Golle sales fell in July by more than forecast, reflecting a steady shift in spending toward services and indicating consumers may be growing more price conscious as inflation picks up.lagged behind the increase in consumer prices. Though the leisure and hospitality industry, a major employer of lower-paid workers, is an exception.fastest paces of economic expansion in more than four decades, a strong rebound that will help the countries overcome last year’s deep recession. The brighter outlook highlights how southern Europe -- for years associated with debt crises and economic malaise -- may be able to turn the page.hit a record as companies posted more than 1 million new job vacancies for the first time in an unprecedented scramble for staff following the loosening of lockdown rules. Average earnings in the three months through June surged a record 8.8% from a year earlier, according to the Office for National Statistics.supply-chain problems to persist into next year, threatening to damp the economy’s post-pandemic recovery. Some 88% of German companies in the Association of German Chambers of Industry and Commerce survey reported higher prices for goods and services they use for their own production. Two-thirds said they’re passing higher costs on to customers.economy slowed more than expected in July, adding to signs that the global recovery is coming under pressure as the delta virus variant snarls supply chains and undermines consumer confidence.skirted a recession last quarter as consumer spending rebounded despite virus restrictions. Renewed investment by businesses and increased government outlays also helped the economy grow. labor market softened in July, despite the jobless rate falling to the lowest level since 2008, as an outbreak of the delta variant of coronavirus shuttered Sydney and put people off looking for work. Hours fell and underemployment climbed in a sign of the pressure that stay-at-home orders are beginning to exert on the job market, Australian Bureau of Statistics data showed.economic growth prospects waned for the first time this year after deadly riots and a cyber attack on the nation’s ports operator weighed on activity.tiger population by 35% to as many as 4,000 in the next decade, which would protect forests while also boosting economic gains from conservation, according to a top official overseeing the nation’s tiger program.current account deficit this year with the country missing out on the billions of dollars earned from tourism, likely piling more pressure on the nation’s already battered currency.bloomberg.com
