Overseas Headlines – December 31, 2021

United States:

U.S. Postal Service Near 97% On-Time Holiday Deliveries, Despite Fears

“Portland, Maine (AP) — The U.S Postal Service pulled out all the stops to avoid a repeat of the 2020 holiday shipping disaster, and it worked. The Postal Service and several other private shippers reported that holiday season deliveries went smoothly for the most part.”



U.K. Consumer Spending on Experiences at Home Jumped During Pandemic

“U.K. consumer spending jumped 5.9% this year over levels prevailing before the pandemic struck, driven by a shift toward experiences at home. Barclaycard, which sees about half of all credit and debit card purchases in the nation, said so-called “insperiences” boosted spending on takeaways and fast food by 62% in 2021 and digital subscriptions by 47%.”



Bank of Korea’s Lee Says Recovery, Prices Set Normalization Pace

“The Bank of Korea will continue to adjust policy in line with the economy’s recovery and keep an eye on the risk that high inflation lasts longer, Governor Lee Ju-yeol said in a speech marking the new year. Following two interest-rate hikes in 2021, the South Korean central bank will watch growth and inflation trends, financial imbalances and changes in global monetary policy as it decides when to reduce accommodation again, Lee said Friday.”




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