The beginning of a new year over last many decades would not have been so depressing as this. Covid-19 continues to wreak havoc in terms of lives and livelihood lost and it is still not certain whether and when the large-scale vaccination drive would have an impact in containing this. The pandemic has also impacted the fiscal position of government across the world to an extent not seen since the second World War, as per the latest IMF report. Here is a look at the details. Continue reading Covid-19 – Assessing the Imapct on Government Debt
The announcement of the trade deal by EU and UK finally sets the terms of separation, four and half years after Britain voted to exit the European Union. The agreement was preceded by tough negotiations, threats of no-deal exit, change of governments, elections in UK and so on. Yet, the deal is unique as both parties have given each other privileges not given to any other country minimizing the economic impact of exit. That make it largely a political separation – “restoring UK’s national sovereignty”, as per the deal documents with core agreement running over 1,246 pages. Here is a look at some of the details. Continue reading Brexit – Understanding the Agreement
While the Indian economy recorded sharp decline in GDP amidst the pandemic, it is not alone. Most of the economies across the world have recorded significant decline in their GDP. However, that may not still be a cause of worry and the biggest challenge at the moment is to get out of the pandemic. The demand should bounce back, possibly with an even greater thrust, once the fear and restrictions caused due to pandemic is over. Here is a look at some of the details. Continue reading GDP, June’20 Quarter – Global Performance
The current stand-off between India and China has brought to focus huge inroads China has made into Indian economy without giving a reciprocal access. The development has brought to the fore the need to re-look at the relationship with China and trade is an element where India must demand parity now. While the stand-off appears headed towards a resolution, it is still too early to lower guard. Here is a brief look at the details of India’s trade with China and how it has evolved over the years.
Covid-19 is not only leading to unprecedented loss of human lives, it is leading to a huge economic cost too. Governments are borrowing extraordinary amount of money to make up for the lost revenue and to provide support to individuals and corporate. As per an IMF report, the recourse would lead to sharp increase in government debt to GDP ratio. Here is a look at some of the figures. Continue reading Analyzing the Impact of Covid-19 on Global Debt – IMF Report
Global economy faces the specter of entering into a recession with major economies recording sharp decline during March’20. An economy is said to have entered into recession if its GDP declines for two consecutive quarters. Yet, Q1’20 was milder and countries must brace for even bigger shock in the current quarter. Here is a look at the details based on preliminary data for US, EU and China accounting for two-thirds of global GDP. Continue reading Covid-19 and Global Economies – Analyzing March’20 Performance