The economic news is impressive: the lowest unemployment rate since 1969 and 3.2 percent economic growth in the first quarter. For President Trump, it raises the possibility of running an upbeat, Morning in America-style reelection campaign, like Ronald Reagan did in 1984. Except for one thing: Trump is congenitally unable to keep it sunny, or […]
China’s added GDP last year exceeded the value of Australia’s total output, the country’s statistics agency said as it sought to highlight the country’s economic resilience. In 2018, China’s economic growth rate slowed to the lowest level in 28 years – a fact that has fanned concerns about the country’s economic outlook. Read Here – […]
Africa must industrialise to diversify away from natural resources and create jobs for its fast-growing young population. And by boosting intra-continental trade, consumption, and investment, regional integration can be a strong vector for improving productivity, building manufacturing powerhouses, and developing credible African brands. Read Here – Project Syndicate
The Chinese economy slowed further in the fourth quarter, matching its lowest recorded reading, last reached during the global financial crisis in 2009. The fourth quarter growth rate of 6.4 per cent, year on year, matched that of the first quarter of 2009, according to data released Monday by the National Bureau of Statistics. That was the […]
Rocked by regional election defeats and investor dismay at the surprise loss of the central bank chief, India’s ruling party is doubling down on Prime Minister Narendra Modi. Four-and-a-half years after crushing the Nehru-Gandhi dynasty’s latest scion as he swept to victory, Modi still cultivates his image as a diligent, incorruptible son-of-a-tea-seller who strives to make India a prouder, […]
In the past, English was the sole language of upward mobility in Pakistan, both a relic of British colonial rule and a means of accessing Western markets, educational institutions, and jobs. Now, Mandarin has become the “hot new trend,” said Abbas, the Mandarin instructor in Gilgit…In Pakistan, the growth in Mandarin-language learning has been fuelled […]
The sea change in consumer behaviour has apparently worried Beijing. In September, China’s cabinet pushed for supportive mechanisms to boost consumption, following its move in August to raise the threshold for collecting income taxes to 5,000 yuan per month from the previous 3,500 yuan. Read Here – Nikkei Asian Review
Trump haters may be tempted to conclude from all this that he is about to lead America into a sudden decline, but that is not the point. This American decade started under President Obama, continued under Mr. Trump and survived congressional gridlock throughout, showing that the economy often rises above politics. The economy is driven […]
Many people seem to believe that authoritarian rulers deliver better economic results. And yet, with the possible exception of China’s Xi Jinping, Asia’s autocrats, from India to the Philippines, are presiding over increasingly fragile states and even more vulnerable economies. Read Here – Project Syndicate
Why is this boom happening? That’s an almost impossible question to answer. Fundamentally, economists don’t know why booms happen. It’s possible that there’s not even such a thing as a “boom” at all — that this is just how the economy works under normal circumstances, when there isn’t a recession or crisis to throw it off […]
looking beyond borders 