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Economy News

China: A real estate tax to be introduced

According to local medias, the Standing Committee of the National People’s Congress (NPC) in China voted on “decisions regarding reforms to local real estate tax” the previous day. Taking into account the dynamics of the real estate market, the National People’s Congress assigned the State Council the responsibility for preparing and implementing
Economy News

U.S. retail sales rebounded in September

According to Commerce Department figures released Friday, retail sales in the United States rose in September due to price increases. A new report from the U.S. Department of Commerce shows that the U.S. retail sales market rebounded in September after falling 3.3 percent in the previous month, according to a report released Friday. According to […]
Economy News

Germany growth is being hampered by shortages

Growth forecasts predict material shortages will significantly dampen Germany economic recovery, which is heavily reliant on its export industry. Leading economic institutes (DIW, IFO, IFW, IWH and RWI) now forecast an increase of 2.4% in GDP in 2021. Latest estimate was for growth of 3.7% this year, after a historic decline of 4.9% in 2020. […]