Charting the global economy: UK, Japan Budgets; wary US consumers

This post was originally published on The Economic Times

(Bloomberg) –Chancellor of the Exchequer Rachel Reeves did enough in the UK budget to help her and Prime Minister Keir Starmer survive for now, building back a vital fiscal buffer and expanding welfare.
Over in Japan, Prime Minister Sanae Takaichi’s government plans to issue more new bonds to fund its economic package than the corresponding amount last year, as concerns smolder over the nation’s public finances and rising yields.

In the US, consumers exercised caution going into the longest-ever government shutdown, and early signs suggest holiday spending will be concentrated more on snagging deals for essentials rather than discretionary items.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:

Europe

BloombergReeves expanded her key fiscal buffer to £22 billion ($29 billion) from £9.9 billion in March, the UK’s official budget watchdog said, in an analysis released ahead of her speech in error. The headroom figure was the most achieved in a British spending plan since March 2022 and well in excess of the median estimate of £15 billion from the banks surveyed by Bloomberg.

BloombergFrance exported the most electricity in at

Read the rest of this post, which was originally published on The Economic Times.

Previous Post

Weavr Bridges B2B and Consumer Payment Gap with Apple Pay and Google Pay Expansion

Next Post

Sharp decline in shipments to US, ASEAN drag down engineering exports in October