What’s Happening in the World Economy: U.S. Economy’s Surge Is Showing Strains
Hello. Today we look at signs of choppiness in the U.S. economy, what’s happening in China and how central banks are turning more optimistic.
Restarting the world’s largest economy after last year’s widespread shutdowns was always set to be a choppy affair, and that’s borne out in many of the monthly U.S. indicators.
Spending at clothing stores and restaurants jumped in May, data showed on Tuesday — standing to reason now that millions of Americans are able to get out and about. But total retail sales dropped 1.3% from the previous month — more than expected.