The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed, even as the public health crisis deepens in New York City, where a funeral home in a hard-hit neighbourhood had 185 bodies stacked up — more than […]
India will pull out of a three-week lockdown in phases, Prime Minister Narendra Modi said, as officials battle to contain the country’s biggest cluster of coronavirus infections in the capital, New Delhi. The shutdown, which has brought Asia’s third-largest economy to a shuddering halt, had been due to end on April 14. Read Here – […]
Watching the Trump carnival from afar, the former Swedish Prime Minister Carl Bildt summed up the week’s events, and those of the many painful weeks to come: “This is the first great crisis of the post-American world,” he wrote on Twitter. “The UN Security Council is nowhere to be seen, G20 is in the hands of the […]
For more than a century, countries have wrestled with how to improve international cooperation in the face of major outbreaks of infectious diseases. A pandemic of a new coronavirus that originated in China in 2019 underscores the urgency. Read Here – CFR
The Trump administration is far more likely to continue to soldier on, pushing back wherever China impinges on U.S interests and responsibilities in the economic, political, military and diplomatic spheres, until China stops and respects the equities of America and its allies. But that doesn’t mean just business as usual. Expect the U.S. to double down […]
The United States is the battle-tested survivor of 12 recessions and a Great Depression over the last century. China has not suffered a recession since its economic boom began four decades ago, and its leaders now respond to any hint of a downturn by pumping more debt into the economy. Read Here – Foreign Affairs
Predicting the stock market at a time like this is hard. To do so well, we would have to predict the direct effects on the economy of the COVID-19 pandemic, as well as all the real and psychological effects of the pandemic of financial anxiety. The two are different, but inseparable. Read Here – Project […]
The coronavirus pandemic has completely changed patterns of consumer psychology across the world, experts say. Complexity of the crisis, the number of variables and its magnitude make a consumer recovery unprecedented and difficult to predict. Read Here – South China Morning Post
While much of Washington engages in a fierce debate about whether Trump’s declared hope of getting America “back to work” by Easter is foolish or a prudent risk, a potentially weightier issue remains unaddressed: what’s going to happen to our country after this initial wave washes over later this summer? If we don’t start—right now—to […]
China has rolled out new measures to support its economy from the coronavirus pandemic, including an additional central bank credit line of 1 trillion yuan (US$14 billion) to small lenders. The initiatives announced at a cabinet meeting on Tuesday ranged from new bond quotas for local authorities to income support for poor Chinese. Read Here […]
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