Scott Morrison’s budget report card: could do a hell of a lot better

When it comes to the relative strengths and weaknesses of the two main parties, polling shows voters’ views are highly stereotyped. For instance, the Liberals, being the party of business, are always better than Labor at handling money, including the budget. But this hardly seems to fit the performance of Scott Morrison and his Treasurer, Josh Frydenberg. Dr Mike Keating, […]

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Indonesia Central Bank Keeps Rate Unchanged

Indonesia central bank left its key rates unchanged for the eighth consecutive meeting on Tuesday. The board of governors of Bank Indonesia decided to hold the the BI 7-Day reverse repo rate at 3.50 percent. The previous change in the rate was a quarter-point reduction in February. The deposit facility rate was maintained at 2.75 percent and the lending facility […]

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This Is the Country Where $1,000 Lasts the Shortest Amount of Time

Cost of living is a measure often used to determine how much money people have to make to cover the expenses of housing, transportation, food and clothing. Some yardsticks also include education and energy. These factors become particularly important during periods of inflation. For example, the price of gasoline in the United States had doubled in the past year. Car […]

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Private industrial investments set to bounce back, says Crisil

‘New cycle to depend on implementation of govt. policy’ India’s private industrial investment cycle is poised to bounce back, ratings agency Crisil said in a research note on Monday, citing a rise beyond pre-pandemic levels in Industrial Entrepreneur Memorandum (IEM) filings with the government, the pace of environmental approvals, and the surge in foreign direct investments. The Production Linked Incentive […]

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U.S. Producer Price Growth Slows More Than Expected In September

After reporting a slightly bigger than expected increase in U.S. consumer prices on Wednesday, the Labor Department released a separate report on Thursday showing U.S. producer prices increased by slightly less than expected in the month of September. The Labor Department said its producer price index for final demand rose by 0.5 percent in September after climbing by 0.7 percent […]

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India’s merchandise exports grow 21.3% year-on-year in September

“With the surge in imports, the merchandise trade deficit has ballooned to an all-time high in September 2021.” India’s merchandise exports grew 21.3% year-on-year to $33.44 billion in September, and were 28.5% higher than pre-COVID levels of September 2019. Merchandise imports however grew faster to $56.38 billion, 84.75% higher than September 2020 and nearly 50% over pre-pandemic levels, as per […]

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The New York City Recovery Index: September 13

Editor’s note: Below you’ll find the week 56 release of the NYC Recovery Index, originally published September 13, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index remained at a score of 77 as of September 4, as slowing home sales and a rise in COVID-19 hospitalizations offset progress in other measures […]

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