The quarterly retail sales figures decreased consistently since the second quarter of 2022, marking the longest downturn since Statistics Korea began tracking the data in 1995.
This seems to be going on around the world at this time. There is a reduction in.economic activity on the part of the consumers. I don’t wonder why, though. Governments are crowding out people in the money markets and creating inflation. But it is puzzling, there is not more spending rather than less to protect the value of fiat received. Perhaps all economies are suffering at this time.