looking beyond borders

foreign policy and global economy

Archive for the tag “Employment”

US Economic, Health Crises Grow As Cases Top 1 Million

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 triple normal capacity. The dire news of a record-shattering 6.6 million new unemployment claims, on top of last week’s unprecedented 3.3 million, came as economists warned unemployment could reach levels not seen since the Depression.

Read Here – APNews

As Good As It Gets

For the first time since 2010, the world economy is outperforming most predictions, and we expect this strength to continue. Our global GDP forecast for 2018 is 4.0%, up from 3.7% in 2017 and meaningfully above consensus. The strength in global growth is broad-based across most advanced and emerging economies, says a Goldman Sachs report on the global economy.

Read Here – Global Economic Analyst/Goldman Sachs

The World’s 10 Biggest Economies In 2017; China follows the U.S., India 7th

The economy of the United States is the largest in the world. At $18 trillion, it represents a quarter share of the global economy (24.3%), according to the latest World Bank figures.

Read Here – World Economic Forum

This Is How China-U.S. Ties Pan Out…

– People’s Daily Online

We Love Locals

Anyone familiar with Singapore knows that race is a national obsession, and far more than a box to be ticked on official forms.

Read Here – The Diplomat

China’s Hidden Unemployment Crisis

The reality is China’s official urban unemployment rate has long been a near-worthless measure. Even during the global financial crisis in 2009, when tens of millions of workers in China’s export factories lost their jobs, the official rate barely stirred, and it has been moving between just under 4 percent and 4.3 percent for most of the past decade.

Read Here – Businessweek

Saudi’s Nitaqat Law: Trouble for Indian Expats?

Saudi Arabia’s Nitaqat law, designed to localize labor, could cost hundreds of thousands of expatriates their jobs. The prospect of unemployment and even deportation has triggered a wave of anxiety among Indian expatriates in the desert kingdom.

Read Here – The Diplomat

Britain’s Economy Is a Disaster and Nobody Is Entirely Sure Why

Britain’s economy is a riddle wrapped in a mystery inside an enigma, but this much is clear: it’s a disaster. After its Olympics-fueled growth, such as it was, lifted it out of recession in the third quarter of 2012, Britain might be headed back after its economy fell 0.3 percent at the end of the year — the fourth time in five quarters its GDP has contracted. Britain’s now verging on a triple-dip recession, which is just another way of saying a depression.

But it’s not so simple.

Read Here – The Atlantic

 

Foreign Direct Investment Will Help Some Of India, But Won’t Correct Growing Inequalities.

A strong argument in favour of FDI in mammoth retail is that it will generate employment. Surely, it will. But we can’t let the question lie there. We must ask, for whom? Will it source employees from the unskilled, illiterate vegetable vendors who, akin to a capillary network, are spread across the length and breadth of the country? Operating at the point of delivery to the grocery shopper, they are the lifeblood of India’s unorganised grocery sector. Succinctly asked – will the giant retailers employ from the displaced workforce?

Read Here – The New Statesman

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