Tag: GDP

After lockdowns, will the world survive on a 90 per cent economy?

A recent economist.com report discusses how the economy is going to have to survive the Covid-19 pandemic while only being 90 per cent functional once countries begin to lift lockdowns. And while 90 per cent actually sounds promising, encouraging even, it’s just not enough. According to the...

Singapore braces for worst recession in recent history

Singapore—The Monetary Authority of Singapore (MAS) warned on Tuesday (Apr 28) that the country’s economic growth prospects have gotten even more dire. This means that the country should be prepared to face the worst recession it has experienced in a number of years. The Authority...

Curtain falls on Germany’s ‘golden decade’ of growth

by Tom BARFIELD German economic growth plummeted in 2019, official data showed Wednesday, providing fresh ammunition for debate about how to use fiscal surpluses to boost gross domestic product. Europe's powerhouse expanded just 0.6 percent last year, compared with 1.5 percent in 2018, federal statistics authority...

Indonesia hit with $5.2 billion in forest-fire losses: World Bank

Forest fires that raged across Indonesia dented Southeast Asia's biggest economy to the tune of some $5.2 billion, the World Bank said Wednesday, not including the health impacts from toxic haze that sent air quality plummeting. The fires are an annual problem but this year...

Malaysia overall debt on par with UK, Italy

According to a recent Standard Chartered Plc report looking at the evolution of Asian leverage between June 2008 and June last year, Malaysia’s overall debt load rose to 240 percent of GDP, up from 173 percent of GDP. Bloomberg said this is one of the...

China speeds up debt-for-equity program

China's biggest banks are accelerating their debt-for-equity program to offload distressed debts and to help reduce high corporate leverage. The country's big five lenders pledged in their annual earnings reports to continue to push the debt-for-equity program - one of the country's solutions to reduce...

High-income Malaysia to deepen rich-poor gap

In an analysis lambasting Prime Minister Najib Razak's push for Malaysia to become a high-income nation, an Astro Awani writer said the obsession will divide the country into the very rich few against 80 of low wage earners. The writer, Anas Alam Faizli, takes the...

Politics, Jobs and Wages in 2013/4

By Kumaran Pillai There are two words that come to my mind when I think of politics in Singapore. It may not be apparent but if one were to reflect on it, he or she may end up with the same conclusions - it is...