Economic Conditions and Trends – Page 108

India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization

The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.

By Sameer Yasir and Mike Ives

Economic Conditions and Trends Europe Germany Inflation (Economics) Recession and Depression Wages and Salaries

German Economy Slipped Into Recession in First Quarter

Consumer spending and exports fell in the first three months of this year, adding to a slump in late 2022 in Europe’s largest economy.

By Melissa Eddy

China Economic Conditions and Trends Nanchang (China) Property Taxes Real Estate and Housing (Residential)

Nanchang, Once a Symbol of China’s Growth, Signals a Housing Crisis

Nanchang’s skyscrapers represented urban transformation, but the city added apartments faster than its population grew. The result: vacant homes and offices.

By Daisuke Wakabayashi and Claire Fu

Bank of England Economic Conditions and Trends Food Great Britain Inflation (Economics) Office for National Statistics (United Kingdom)

U.K. Inflation Slowed in April, but Remains Stubbornly High

Consumer prices rose 8.7% from a year earlier, the slowest pace since March 2022.

By Eshe Nelson