The present crisis while often compared to the Global Financial Crisis of 2008-09 is remarkably different in origin and magnitude. Before GFC, the fundamentals of the economy preceding the crisis were strong, so a quick intervention with the Centre’s fiscal deficit shooting up from 2.5 percent to 6 percent worked to minimise the damage. … [Read more...] about 3-Point Analysis | Economic stimulus: What’s in it for markets and investors?
QUẢNG NINH — Prime Minister Nguyễn Xuân Phúc has suggested the north-eastern province of Quảng Ninh devise a strategy to develop tourism as its spearhead economic sector, especially in the remaining months of this year and during the new tenure of the provincial Party Organisation. … [Read more...] about PM asks Quảng Ninh to develop tourism as spearhead economic sector
On medical supplies, 88 percent of Americans support a requirement that it be made in the U.S. Only 12 percent oppose such a requirement. For pharmaceuticals, products bought by the Defense Department, airplanes, and airplane parts, 81 percent to 87 percent of Americans support requiring they be made in the U.S. … [Read more...] about Poll: Up to 94 Percent of Americans Want Economic Nationalist Overhaul in Wake of Chinese Coronavirus Crisis
The Government chief made the above remarks at his working session with the local leaders on Sunday. He hailed the local authorities for having been dynamic in diversifying forms of investment capital mobilization from various economic sectors, including major private and foreign-invested companies, making it one of the strong and comprehensive growth poles in the Northeastern region. The local economy expanded around 11% in the 2016-2019 period, with agriculture and service sectors acounting for 6% and 46%, respectively. PM Phuc also said he was impressed with the locality’s transport infrastructure as major airport, seaport, and highway projects were handled under the public-private partnership model. Quang Ninh was the first locality in Viet Nam to have built a public administrative center and maintained high growth rate of 7.2% in the first quarter this year despite negative impacts of the COVID-19 outbreaks. Quang Ninh sustained its position as the most competitive … [Read more...] about Quang Ninh emerges as successful economic transformation model, PM says
This comes amid fears that the US could use military force against the Iranian tankers. Responding to the allegations, Tehran warned Washington that the White House will "face retaliation" if it tries to prevent the Iranian fleet from arriving to Venezuela. … [Read more...] about Second Iranian Tanker ‘Forest’ Reaches Venezuelan Exclusive Economic Zone, Tracking Data Shows
Earlier, Italy and Spain favoured grants to be used for helping ailing economies, while the governments of Germany, Austria, and the Netherlands had rejected linking their finances to nations with very high public debt. They underlined that they preferred the economic recovery to be stimulated by loans, ruling out risks for their own taxpayers. … [Read more...] about Ex-German Finance Minister Confirms Support for EU Economic Recovery Plan to Tackle COVID-19 Crisis