COVID19Impact

China's Home Sales Slump Worsens in September Ahead of New Stimulus Measures

3 months ago

China's housing market slumped further in September, reflecting heightening challenges for the nation's real estate sector ahead of newly announced stimulus measures. The latest data showed far weaker property sales readings than had been forecast for the month, adding to concerns over stability and growth in one of the world's largest economies.

Swedish Bankruptcies Surge Again Amid Stumbling Economic Recovery

3 months ago

This does not bode well for the Swedish economy, which saw the number of bankruptcies surge once more-in what economists term a sign that the hoped-for recovery may be stalling. According to new data from credit firm UC, the month of September experienced a 14% increase in bankruptcies compared to the same period last year, thus evidencing the challenge that Swedish businesses are going through today. It is now the second consecutive month in which bankruptcy rates have risen, thereby increasing concern over the nation's economic health.

New Zealand Treasury Raises Alarm Over Surging Government Debt

3 months ago

The New Zealand Treasury has voiced growing concern over the increases in government debt that have blown out significantly through the economic downturn. A warning by the Treasury in a recent fiscal report made clear that the government needs to take action to contain what is rapidly becoming an unsustainable debt path.