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Cyber Week Bonanza

02 Dec 20238 minutes
Cyber Week Bonanza

This week the OECD issued a few warnings in its latest economic outlook. Black Friday shoppers spent a record $9.8 billion in US online sales. This was followed by a record online shopping spree on Cyber Monday. The ECB warned that eurozone banks are showing early signs of stress. Bank lending to businesses in the eurozone fell for the first time in eight years. Inflation in the bloc fell far more than expected in November.

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