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News Ticker
  • [ May 13, 2025 ] Nigeria’s economy on a rapid rise but so are prices Economic News
  • [ May 12, 2025 ] Trade Win or Tariff Trap? Trump’s UK Deal Raises Questions on Costs and Growth Economic News
  • [ April 29, 2025 ] Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks Economic News
  • [ April 21, 2025 ] China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami? Economic News
  • [ April 15, 2025 ] U.K. Government Seizes Control of British Steel Plant Economic News
HomeCONSUMPTION

CONSUMPTION

Consumer and Business Behaviour

American Brands are Feeling the Squeeze as Sales Drop in China

November 5, 2024 TheCuriousEconomist Comments Off on American Brands are Feeling the Squeeze as Sales Drop in China

U.S. consumer giants are finding China a challenging market as slowing consumer spending and strong local competition impact sales. Tech titan Apple, coffee chain Starbucks, and sportswear giant Nike have all reported sales dips in […]

Aggregate Demand and Supply

U.S. Retail Sales Surprise with July Jump!

September 1, 2023 TheCuriousEconomist Comments Off on U.S. Retail Sales Surprise with July Jump!

In July, the U.S. retail sales report showed a surprising increase, despite the inflationary pressures and a series of Federal Reserve interest rate hikes. The Commerce Department reported a seasonally adjusted increase of 0.7% for […]

supermarket aisle during panic buying
Aggregate Demand and Supply

UK Inflation on a Roll: Record Bread Prices Send Inflation Soaring

April 24, 2023 TheCuriousEconomist Comments Off on UK Inflation on a Roll: Record Bread Prices Send Inflation Soaring

In March, UK inflation persisted at over 10%, mainly due to skyrocketing bread prices. Consumer prices increased by 10.1%, with food prices climbing by 19.2%—the highest increase in 45 years. Bread and cereals experienced a […]

Economic News

Nestle planning another price increase

February 24, 2023 TheCuriousEconomist Comments Off on Nestle planning another price increase

Nestle, one of the world’s largest food and beverage companies, is planning to increase prices again this year as they grapple with food inflation and the surging cost of ingredients. The Swiss conglomerate, famous all […]

Aggregate Demand and Supply

Food prices at a 14-year high as the UK battles inflation

November 14, 2022 TheCuriousEconomist Comments Off on Food prices at a 14-year high as the UK battles inflation

Annual food prices in the UK went up by 14.7% in October, representing the largest increase since records began in 2008.  Driven largely by the knock-on effects of Russia’s war in Ukraine, food inflation is […]

Container ship from above
Consumer and Business Behaviour

An online shopping boom is fueling ships across the Pacific

September 22, 2020 TheCuriousEconomist Comments Off on An online shopping boom is fueling ships across the Pacific

In the last few months, American consumers have been going mad for online shopping, with the result being a buoyant shipping industry across the transpacific. In these coronavirus times, consumer demand for household goods has […]

Australia in recession
Aggregate Demand and Supply

An economy down under: Australia facing the prospect of a deep recession

June 5, 2020 TheCuriousEconomist Comments Off on An economy down under: Australia facing the prospect of a deep recession

Josh Frydenberg, the Australian Treasurer, announced on Wednesday that the economy is likely to have shrunk by as much as 9% from April to June. This further decline in size, following a 0.3% contraction in […]

British Supercar manufacturer McLaren to cut more than 25% of their workforce
Consumer and Business Behaviour

British Supercar manufacturer McLaren to cut more than 25% of their workforce

May 27, 2020 TheCuriousEconomist Comments Off on British Supercar manufacturer McLaren to cut more than 25% of their workforce

As the world’s economies continue to reel from the damage caused by the spread of Covid-19, Supercar manufacturer McLaren is the latest company to announce a huge wave of layoffs. The British based firm is […]

an imge to show an empty shopping mall as retail sales plummet in the US
Aggregate Demand and Supply

Declining rate of retail sales at a historic low as consumer confidence plummets in the US

May 16, 2020 TheCuriousEconomist Comments Off on Declining rate of retail sales at a historic low as consumer confidence plummets in the US

The latest in a long list of ‘historic lows’ since Covid-19 wiped out the global economy is the total collapse of the American retail sector. Data released by the US Census Bureau has shown that […]

an image to show how the demand for luxury goods is falling
Consumer and Business Behaviour

Loo roll over Louis Vuitton: luxury brands amongst the hardest hit by Covid-19

April 9, 2020 TheCuriousEconomist Comments Off on Loo roll over Louis Vuitton: luxury brands amongst the hardest hit by Covid-19

The global fashion industry, valued at over US$2 trillion, has been hit extremely hard by the worldwide spread of Covid-19, resulting in business closures, loss of jobs, and plummeting sales throughout the whole supply chain. […]

an image to show the increasing demand for ramen
Basic Economic Concepts

Ramen: the inferior good behaving like an… inferior good!

April 8, 2020 TheCuriousEconomist Comments Off on Ramen: the inferior good behaving like an… inferior good!

For a student of economics, one of the first concepts we learn about is the different types of goods. That is a normal good, a luxury good, and an inferior good. By normal, we don’t […]

An image of a glass of orange juice
Consumer and Business Behaviour

Orange juice is the new king of commodities: prices set to soar!

March 27, 2020 TheCuriousEconomist Comments Off on Orange juice is the new king of commodities: prices set to soar!

As consumers around the world look for any way they can to fend off the deadly coronavirus, drinking copious amounts of orange juice has emerged as one of the most popular strategies. Packed full of […]

supermarket aisle during panic buying
Aggregate Demand and Supply

We’ve heard about the toilet paper, but what else are people panic buying?

March 22, 2020 TheCuriousEconomist Comments Off on We’ve heard about the toilet paper, but what else are people panic buying?

Since the deadly outbreak of Covid-19, there have been cases all over the world of panic-stricken consumers rushing to supermarkets and filling their trolleys with everything they can get their hands on. We’ve mainly heard […]

Basic Economic Concepts

Paper gold: could the price of toilet paper be about to skyrocket?

March 4, 2020 TheCuriousEconomist Comments Off on Paper gold: could the price of toilet paper be about to skyrocket?

With growing concerns over the spread of the coronavirus in Australia, supermarkets and other retailers have been stockpiling supplies of toilet paper over fears that they may face a sudden shortage. In response to the […]

Aggregate Demand and Supply

Corona Credit Crunch for many Chinese businesses

February 25, 2020 TheCuriousEconomist Comments Off on Corona Credit Crunch for many Chinese businesses

With millions of people in self-imposed quarantine across China and severe travel restrictions, small and medium sized businesses could be on the verge of collapse. Since the outbreak of the deadly coronavirus in January, businesses […]

Basic Economic Concepts

When supply outstrips demand: American wine at its lowest price in 20 years!

February 21, 2020 TheCuriousEconomist Comments Off on When supply outstrips demand: American wine at its lowest price in 20 years!

The price of wine is dropping fast in the US as a result of changing patterns in consumer behaviour. Where wine was once the popular choice of alcoholic beverage for many young Americans, demand has […]

Aggregate Demand and Supply

Consumers in Israel are consuming their way to economic expansion

February 19, 2020 TheCuriousEconomist Comments Off on Consumers in Israel are consuming their way to economic expansion

An unexpected surge in economic growth at the end of 2019 was very good news for the Israeli Prime Minister Benjamin Netanyahu who will soon be battling in a national election. GDP increased by 4.8% […]

Consumer and Business Behaviour

Research shows excise tax to reduce alcohol consumption

January 1, 2020 TheCuriousEconomist Comments Off on Research shows excise tax to reduce alcohol consumption

A recent study in the US found that increasing the excise tax (tax paid on the purchase of a specific good) on alcohol products could lead to a reduction in consumption by as much as […]

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Recent Posts

  • Nigeria’s economy on a rapid rise but so are prices
  • Trade Win or Tariff Trap? Trump’s UK Deal Raises Questions on Costs and Growth
  • Sugar Tax Shake-Up: UK Plans to Target Milkshakes and Dairy Drinks
  • China’s Economy Grows 5.4% — But Can It Withstand Trump’s Tariff Tsunami?
  • U.K. Government Seizes Control of British Steel Plant
  • U.S. Tariffs on China Surge Past 100% as Trump Escalates Trade War – but why?
  • Can Defense and Housing Turn the Tide on Sluggish GDP Growth in the UK?
  • PepsiCo Plans $1.95 Billion Poppi Acquisition
  • South Africa Unveils $54.5 Billion Infrastructure Plan to Boost Growth
  • Canada Pulls U.S. Alcohol from Shelves in Retaliation for Trump Tariffs

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Most Read Article

Balance of Payments

Kenya and the US look set to sign a free-trade deal despite Trump’s attacks on global trade

February 7, 2020 Comments Off on Kenya and the US look set to sign a free-trade deal despite Trump’s attacks on global trade

Under President Trump, the US stance towards global trade has become increasingly protectionist, with billions of dollars of tariffs placed on goods from countries all over the world, engagement in a devastating trade war with […]

Economic News

U.K. Government Seizes Control of British Steel Plant

April 15, 2025 Comments Off on U.K. Government Seizes Control of British Steel Plant

It’s a dramatic move—but one the U.K. government believes is essential for national economic security. In an extraordinary step, the government has taken control of British Steel’s Scunthorpe plant under emergency legislation to prevent its […]

SGD News

Economic News

Nigeria’s economy on a rapid rise but so are prices

May 13, 2025 Comments Off on Nigeria’s economy on a rapid rise but so are prices

Nigeria’s economy grew 4.6% year-on-year in Q4 2024, marking its fastest expansion in a decade. According to the World Bank, the full-year growth rate reached 3.6% and is expected to continue in 2025. This is […]

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