BANGKOK (Reuters) - Thailand picked on Wednesday an economic advisor to the prime minister and a former World Bank economist to be its next central bank governor, in a move seen by analysts as unlikely to herald any major shake-up of monetary policy. … [Read more...] about Thai PM’s advisor Sethaput named central bank chief, faces economy in crisis
Economy
‘$500 for everyone’: Belarus leader’s Soviet-style economy wears thin for some voters
Lukashenko said he expected the economy to grow by 3-4% in coming years. He said his statist model should deliver that if production and exports are ramped up and Belarus starts to manufacture $4 billion of goods it currently imports annually. … [Read more...] about ‘$500 for everyone’: Belarus leader’s Soviet-style economy wears thin for some voters
Indian School of Business to help Andhra govt revive economy in post-Covid-19 world
He said the ISB would nurture a think tank by setting up a policy lab called “GoAP-ISB Policy Lab,” a public policy laboratory to drive evidence-based policy decisions. “It aims to create a Knowledge Bank for strategic planning, policy analysis, data analytics and action-research essential for sustaining high rates of growth,” he said. … [Read more...] about Indian School of Business to help Andhra govt revive economy in post-Covid-19 world
BOJ’s Kuroda warns of renewed constraints to economy from pandemic
TOKYO (Reuters) - Bank of Japan governor Haruhiko Kuroda said on Wednesday economic activity could be constrained “significantly” again if strict public health measures are reinstated to prevent a further spread of the coronavirus pandemic. … [Read more...] about BOJ’s Kuroda warns of renewed constraints to economy from pandemic
U.S. economy starts long recovery as retail sales post record jump
The report from the Commerce Department on Tuesday followed news early this month that the economy created 2.5 million jobs in May. Layoffs are also ebbing and manufacturing activity is improving, though production remains at very low levels. The surge in retail sales last month recouped 63% of March and April's decreases. But the journey to recovery could be long and difficult as some parts of the country are experiencing a resurgence of COVID-19 infections. In addition, enhanced federal government unemployment checks will run out in July.Federal Reserve Chair Jerome Powell told U.S. lawmakers on Tuesday that "until the public is confident that the disease is contained, a full recovery is unlikely."Retail sales jumped 17.7% last month, the biggest advance since the government started tracking the series in 1992. Sales dropped a record 14.7% in April. Economists polled by Reuters had forecast retail sales would rise 8% in May.Retail sales fell 6.1% on a year-on-year basis in May. Even … [Read more...] about U.S. economy starts long recovery as retail sales post record jump
