The country is moving ahead to become a strong economy in the next decade, with its GDP reaching the $465-billion mark in 2022 In the post-Covid era, while many developed countries are weighed down by the global economic crisis triggered by the Ukraine war, Bangladesh has maintained an average growth of 6.4% despite facing challenges.
Research shows that Gen Z and Millennial travellers plan to take longer trips in the year ahead, as well as live in multiple cities. Rose Dykins reports Research from extended-stay accommodation provider, Edyn, reveals what Gen Z and Millennials want from travel this year – and how the hospitality sector needs to evolve to remain
The pool of available workers remains vanishingly small. That puts unions in a position of strength. As the previous economic crisis snowballed in 2008, one of the first things companies did was tighten their belts. Mass redundancies and administrations became commonplace, and many people, from Lehman Brothers bankers to Woolworths shop-workers, found themselves out of
Warning of ‘unsustainable’ hit comes as number of working days lost to strikes hits 30-year high Rishi Sunak’s government has been warned about the crippling impact of ongoing industrial unrest across Britain, as new analysis shows recent strikes have caused a £6bn hit to the UK economy. The damage is not limited to the economy, with schools set for
The boom in real-time payments is reverberating across the world, and by 2026 they will make up 25% of all electronic payments. Market forces and the global pandemic accelerated adoption to new levels, providing consumers and businesses cheaper, faster and more efficient ways to pay — and there’s no looking back. And as more and
UK – Consumer confidence in the UK rose slightly in December driven by significant improvements in outlook for household finances, according to analysis from YouGov and the Centre for Economics and Business Research (Cebr). In its December survey, which is based on around 6,000 interviews conducted every month, YouGov and Cebr said there was a one-point increase
As the 53rd World Economic Forum Annual Meeting is underway at Davos, climate change and India are taking centre stage. The theme of the meeting this year, Cooperation in a Fragmented World, emphasises the importance of working together—across nations, businesses, and individuals to tackle some of the world’s most pressing issues. India At Davos Davos
Six in ten households have spent their pandemic savings to keep up with inflation The majority of families have now spent all their pandemic savings as inflation forces people to dip into rainy day funds, new research suggests. Six in ten households have spent all their savings to “maintain their lifestyle”, the Centre for Economics and
GEEKBAR, a vape technology brand, is taking intelligent manufacturing to new heights by investing more than £120m into setting up a futuristic production facility, as part of its growth plans in the UK and to continue to be a leading vape brand of choice amongst British retailers. The two-year-project will see some of the most
THE divide between the richest and poorest families in the UK is being made worse by sky-high inflation and “unnecessary” tax breaks, a pair of think tanks warned. The UK’s least well-off households are significantly more pessimistic about their ability to keep spending than their wealthier counterparts, according to data from the Centre for Business
Falling energy prices will give the government a windfall of nearly £10 billion before the budget and drive down inflation by a further 3 per cent, economists said. The wholesale cost of gas has fallen to levels last seen before Russia invaded Ukraine last year, meaning that household bills in June will be below the
Capital Economics expects prices to fall by 12% through to 2024, the Centre for Economic Business Research believes that prices will fall by 8-10% during 2023, and Zoopla says that if the market falls by 5%, we will see most of the “current over-valuation reversed by December 2023” The truth is that some or none of these pricing forecasts
LONDON, Jan 12 (Reuters) – British consumers turned a little bit less pessimistic in December as inflation started to fall back from historic highs, a survey published on Thursday showed. Polling firm YouGov and consultancy Cebr said their overall consumer confidence index rose by 1 point from November although at 95.9 it remained stuck in
Britain isn’t accustomed to the waves of labor unrest that can be a fact of life in countries where the right to strike is enshrined in law. Until recently, it appeared that coordinated industrial action was largely a thing of the past, thanks partly to union-busting reforms pushed through by Prime Minister Margaret Thatcher in
House prices are widely expected to fall this year, as soaring mortgage rates substantially cut how much buyers can borrow. But there is a wide gulf between the predictions that various property experts have issued. They range from falls of 12pc, forecast by analysts Capital Economics and Oxford Economics, to modest slumps of 1pc to
