The International Monetary Fund (IMF) on Tuesday downgraded its 2021 economic growth forecast for Asia after the Covid-19 delta variant caused a spike in cases in parts of the region. The IMF said it expects Asia’s economy to grow by 6.5% in 2021, compared with its April forecast for a 7.6% expansion. “The global COVID-19 pandemic is still ravaging the region,”[Read More…]
Interview with Prof. Arun Kumar by Mohd. Nuashad Khan What’s your take on the free fall of the GDP? Is it because of the pandemic or something else? I am surprised that the decline in GDP in Q1 is given as 23.9 per cent. It should have been much more because the unorganised sector which is 45 per cent[Read More…]
by Thomas Klikauer and Nadine Campbell In a great workplace, most people would work independently of their immediate boss, and they might even like what they do. Having enough time and being flexible is increasingly more important to many employees in Germany. Even before the Coronavirus pandemic, there were more and more German companies that started to realise that the[Read More…]
The COVID-19 pandemic has taken a massive toll on the economy: broken supply chains, record unemployment, failing small businesses. Much the same way it is affecting people with pre-existing health conditions more strongly, so is the pandemic-triggered economic crisis exposing vulnerable communities to greater distress. The pandemic has frozen the wheels of economy and affected every aspect of life. Lockdowns[Read More…]
The pandemic driven lockdowns have triggered worldwide growth of unemployment, hunger, homelessness and poverty. The speed of economic descent in world economy is extraordinary. The world is sleep walking into greater economic depression of the century and its impacts will reverberate for decades. The COVID-19 pandemic led economic crisis has been used by ruling and non-ruling classes to reconfigured the[Read More…]
The Covid-19 spell has left governments, markets, and civil society wobbling through disruptions and damage. The ambiguity that envelops not only the evolution of the disease but also its impact makes it a challenging and complex task for policymakers to devise a suitable policy response. The pandemic has brought to the forefront some key ethical questions that we must explore.[Read More…]
They’ll be shooting off the fireworks, eating and drinking like ‘ Ants at a picnic’ and sending ‘ Social Distancing’ out the window. Why not? It’s July 4th once again, a time to celebrate. Celebrate what? This pandemic is showing its teeth once again, the economy that Trump needs to be vibrant (for his biggest ‘ Deal’) going down the[Read More…]
In written Chinese, the word “crisis” is represented by two characters. One of these, taken alone, means “danger”. The other, by itself, means “opportunity”. A crisis nearly always leads to great change. There is a danger that this will be a change for the worse. But there also is the opportunity to change society for the better – to reform[Read More…]
Many economists believe that a recession is already underway. So do millions of Americans struggling with bills and job losses. While the ghosts of the 2008 financial crisis that sent inequality soaring to new heights in this country are still with us, it’s become abundantly clear that the economic disaster brought on by the Covid-19 pandemic has already left the initial shock[Read More…]
The title is a riff on James Carville’s disingenuous (and stupid) phrase from 1992 when he was Bill Clinton’s campaign director. Carville’s pithy quip, “It’s the economy, stupid,” became the campaign’s de facto slogan. It functioned as a clever ruse to help Clinton beat Bush by pandering to workers and creating the impression that his policies would actually help them.[Read More…]
First the good. There’s an outpouring of spontaneous actions, large and small, to feed the hungry, help the desperate, aid seniors, the economically afflicted. There is public art and and an endless steam of performances, gatherings and flash mobs on line. Mask Oakland distributes N95 Masks to the homeless. In Aurora Colorado, librarians assemble kits of essentials for seniors[Read More…]
Odin, the Norse All-Father, is said to have hung from a tree for 9 days and sacrificed one of his eyes to acquire the knowledge of the world. These days, thankfully, all the Nordic people have to do to acquire knowledge is… well, live in the Nordics. The five countries which make up the Nordic region are: Denmark, Finland,[Read More…]
Co-Written by Arundhati Dhuru and Sandeep Pandey All the narratives of a progressing nation, Rajiv Gandhi’s ‘marching into the 21st century,’ Atal Behari Vajpayee’s ‘shining India,’ A.P.J. Abdul Kalam’s ‘providing urban amenities in rural areas,’ Manmohan Singh’s achievement of 8-9% Gross Domestic Product growth rates and Narendra Modi’s ‘smart cities’ have crumbled in the wake of national level migrant workers’[Read More…]
After announcement by the honourable Prime Minister, the Finance Minister took four days to distribute mammoth 20 lakh crore rupees to the countrymen. What the countrymen would get out of it? This is the analysis made by the Ganatantrik Adhikar Surakha Sangathan, Odisha. You may agree or not. We would be happy to answer if you ask. Let us[Read More…]
Nothing could have brought the global economy to a grinding halt like the COVID-19 pandemic in recent history. Barring essential goods, the production, sale, and consumption of all goods and services have been affected. This article offers a low-down on the stalled economy, and also makes projections for India’s post-pandemic economy. At the time of writing this article, the Government[Read More…]
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My Amma (Malayalam word for Mother) passed away on August 22, 2023 at 3.10 AM. It is always difficult to deal with the passing of a parent, that too one’s mother. I thought the grief would go away. No it didn’t. All those bitter sweet memories won’t go away. At night I lie awake for hours. My friend, guide and[Read More…]
