Economic Conditions and Trends – Page 118

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

China Company Reports E-Commerce Economic Conditions and Trends Ma, Jack Tencent Holdings Ltd

Alibaba, Baidu and Tencent Signal First Steps in Bumpy Recovery

The economy is open again, helping Alibaba, Baidu and Tencent claw back in the first quarter from a miserable 2022, though they will likely face continuing skepticism from investors.

By Chang Che