Consumer Spending Gap Closes as China Tightens Trust Taxes, Australia's Housing Cools

BofA flagged a closing K-shaped consumer spending gap as China moved to tax offshore trusts and Australia's housing slowdown began weighing on its broader economy.

Consumer Resilience and Chinese Tax Policy

BofA said the K-shaped consumer spending gap has closed, while China separately moved to target offshore trusts with new tax rules.

Australia's Housing Slowdown

Australia's sudden housing chill is beginning to seep into its broader economy, an interpretation of the slowdown's early spillover effects.

Sources

• BofA says K-shaped consumer spending gap has closed (investing_com)
• China targets offshore trusts with new tax rules (yahoo_finance)
• Australia’s sudden housing chill seeps into economy (investing_com)

Not investment advice.