Page 68 - Economy
On path to recovery, here's how Covid has changed the world economy forever
Measured by output, the world economy is well on the way to recovery from a slump the likes of which barely any of its 7.7 billion people have seen in their lifetimes
 "On path to recovery, here's how Covid has changed the world economy forever")
Small yet focused approach makes City Union Bank an interesting bet
High concentration in the south Indian market, particularly the SME belt is working to its advantage
 "Small yet focused approach makes City Union Bank an interesting bet")
Japan Inc shakes off Covid gloom but resurgence hits capex, hiring: Report
The headline index for big manufacturers' sentiment improved to minus 10 in December from minus 27 in September
 "Japan Inc shakes off Covid gloom but resurgence hits capex, hiring: Report")
Damn lies and the truth
Book review of How to Make the World Add Up: Ten Rules for Thinking Differently About Numbers
 "Damn lies and the truth")
Nomura says India would be fastest growing Asian economy in 2021
Nomura has turned positive on India's cyclical outlook for 2021, and believes the country is on the cusp of a cyclical recovery
 "Nomura says India would be fastest growing Asian economy in 2021")
Philippines economy shrinks in third-quarter, govt says 'worst is over'
GDP grew a seasonally adjusted 8% quarter-on-quarter, after a 14.9% contraction in April-June
 "Philippines economy shrinks in third-quarter, govt says 'worst is over'")
Lockdowns a crude tool for nations to fight Covid-19 but they are justified
Without excellent testing and tracing, it takes a very strict lockdown to get numbers falling, whereas achieving explosive growth in cases is very easy
 "Lockdowns a crude tool for nations to fight Covid-19 but they are justified")
Covid-19 biggest hurdle for New Zealand's Ardern after 'tectonic' election
With net core crown debt forecast at NZ$201 billion ($133 billion), or 55% of gross domestic product by 2024 - up from less than 20% before the pandemic - Ardern's borrowing options are shrinking
 "Covid-19 biggest hurdle for New Zealand's Ardern after 'tectonic' election")
Canada's Trudeau announces more funding for coronavirus-hit businesses
The Canadian government has announced a funding of C$600 million to help small- and medium-sized businesses that were affected by the lockdowns
Japan is paying firms to make things at home. But China's pull is strong
The pandemic - and Beijing's increasingly combative behavior during it - has driven home the risks of overreliance on China for the production of a broad range of goods
 "Japan is paying firms to make things at home. But China's pull is strong")
Delinquencies in NBFCs may rise by 50-250 bps in FY21: Crisil
RBI's loan restructuring will soften the blow on reported GNPAs but the underlying challenges will continue
 "Delinquencies in NBFCs may rise by 50-250 bps in FY21: Crisil")
Huge liquidity surplus unlikely to be inflationary, say economists
Instead of pushing up inflation, the huge surplus liquidity, bordering at Rs 7 trillion daily, is helping in policy rate transmission and aiding govt to borrow at a cheaper rate
 "Huge liquidity surplus unlikely to be inflationary, say economists")
The year unconventional monetary policy turned conventional, India to US
With the global recovery still uncertain and the virus set to leave scars on employers and employees, the likelihood is that monetary policy will stay ultra-loose for years to come
 "The year unconventional monetary policy turned conventional, India to US")
Amid Covid-19 headwinds, Adityanath reaffirms trillion-dollar economy goal
UP to float global tender for selecting a consultant for ambitious task
 "Amid Covid-19 headwinds, Adityanath reaffirms trillion-dollar economy goal")
UAE issues decree to end Israel boycott, allows economic agreements
Based on the decree, it will be permissible to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them
 "UAE issues decree to end Israel boycott, allows economic agreements")
Sri Lanka extends debt moratorium for Covid-19 hit tourism sector
Sri Lanka's international airports remain closed to foreign tourists, with zero arrivals recorded since May, as the government continues to keep a tight lid in order to eradicate the pandemic
 "Sri Lanka extends debt moratorium for Covid-19 hit tourism sector")
Economy shrinks only 3% despite coronavirus pandemic: Iran Prez Rouhani
Iranian President Hassan Rouhani said that Iran's economy has contracted by only three per cent despite the COVID-19 pandemic, Tasnim news agency reported.
Japan economy shrinks 27.8% in April-June as Covid-19 slams consumption
Japanese media reported the latest drop was the worst since World War II
 "Japan economy shrinks 27.8% in April-June as Covid-19 slams consumption")
Karnataka GSDP may touch Rs 35 trn in five year: Deputy CM Narayan
Karnataka's Gross State Domestic Product (GSDP) may touch Rs 35 lakh crore in the next five years notwithstanding the COVID-19 pandemic impact, state Deputy Chief Minister Dr C N Ashwath Narayan
Indonesia's economy contracts for the first time since 1999 in Q2
The economy had been expected to shrink 4.61%, according to a Reuters poll of economists, after growing by 2.97% year-on-year in the first quarter