As the cost-of-living crisis deepens, 42% of people will be dramatically cutting their spending this Christmas Christmas always means added costs for m.
been rising at all. and that said, the imports of, for example, oil, is 99 .9%, and iron or 1901 7%, the food self sufficiency rate is only 36%. basically we are very much relied on imported goods, which has risen in the gdp today which does tell you that the pain is becoming a lot bigger than game that we get from exporting our goods. just very briefl , exporting our goods. just very briefly, seijiro, exporting our goods. just very briefly, seijiro, what - exporting our goods. just very briefly, seijiro, what is- exporting our goods. just very briefly, seijiro, what is the - briefly, seijiro, what is the outlook for the japanese economy. we have seen this contracting, we looking at recession or will adjust petr gal? recession or will ad ust petr gal? ., , , , gal? no, it will be pretty negative gal? no, it will be pretty negative because - gal? no, it will be pretty negative because the - gal? no, it will be pretty- negative because the durable goods spending and interact cost ris
upon a time seen as untouchable. amazon, which was this outrageously profitable interference during the pandemic, suddenly seems to be feeling the snapback of the pandemic, as spending patterns change, and as retail changes, and so these are layoffs not just in their, in the work force, in the labor market, inside the warehouses, it is also a corporate and executive level people. this is all of course, according to reporting from the nooichls, and amazon is not commenting on this. and then even apple, the untouchable, the one that has a larger gdp than most nations in the world, even it seems to be retrenching at this point, because it is presumably, it is expecting recessions to be a tough time for them ahead. so we re seeing a big restructuring, and this is why all of these companies have seen a combined loss of market capitalization, around $3 trillion over the past year. it is a huge changing of the rules of gravity for us here. and yet, some people might be scratching their head
Higher gas prices lower employment, income, and spending. To the extent that the high price of gasoline is not a clear signal because of excessive taxes and regulations that artificially make oil scarcer, the government can implement policies that would allow for more oil production. The government can also encourage innovations in energy supply by keeping regulatory burdens to a minimum.