Economy

The lively panel discussion touched on the outlook of the global and regional recovery from the pandemic, particularly China’s rebound and its implications for South-East Asia. The panellists also shared their point of view on how well governments across the region have handled the pandemic and how the varying recovery progress across economies can impact the region moving forward. … [Read more...] about ICAEW: Vietnam is expected to be the only South-East Asian economy to record positive growth this year

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time. … [Read more...] about Raghuram Rajan on Indian economy: Stimulus is the tonic needed for the patient on sickbed

Bank of America’s Merrill Lynch economists raised their projection for third-quarter growth to 27 percent from 15 percent on Friday. They cited stronger than expected in retail sales, the booming housing market, and better than anticipated hiring trends. … [Read more...] about The U.S. Economy Is Recovering Much Faster Than Expected

Like almost all European Union states, Germany did not go into lockdown to slow the spread of the virus until around mid-March, so the bulk of the impact of those curbs will only become apparent in second quarter data as sectors like tourism, and bars and restaurants, remain shut. … [Read more...] about German economy sinks, but skirts worst of virus fallout

The data underscored the daunting task the new prime minister, to be elected in a ruling party leadership race on Sept. 14, faces in seeking to contain the pandemic while avoiding restrictions on business activity. … [Read more...] about Covid-19: Japan’s economy shrinks more than expected in second quarter