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Japan's economy set for 1% growth in 2023, led by rise in private consumption, business investments; high price levels, inflationary pressures expected to impact domestic demand, lead to decline in real household consumption expenditure growth: GlobalData

UK average weekly household spending in financial year ended 2022 was £528.80, up £47.30 from previous year; richest fifth of households spent £811.20 per week, while poorest fifth spend less than half of this amount: ONS

Japan set for moderate economic recovery in 2023, but higher prices and lower external demand pose challenges; inflation, weaker yen may impact domestic demand, lowering forecast of household consumption expenditure growth from 2.1% to 0.9%: GlobalData

US homebuyer affordability declined in April as the national median payment applied for increased 0.9% to US$2,112 from US$2,093 in March; decline in affordability due to elevated interest rates and low housing supply: Mortgage Bankers Assn.

Euromonitor: Changing demographics reshape family unit, with smaller households becoming more prevalent; brands must adapt to one-child/childless families and households of varying income levels, with focus on affordability, convenience and sustainability

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