Lockdowns Are More Economically Devastating Than Voluntary Social Distancing mises.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mises.org Daily Mail and Mail on Sunday newspapers.
Rebooting Economy 63: Budgeting FY22 with critical information gaps
India has no data on jobs lost and businesses shut; no estimate of how many would have slipped into poverty or how income, health and education inequalities would have risen due to the pandemic. How will the Budget 2021 allocate resources appropriately to revive growth and bring development?
Prasanna Mohanty | January 30, 2021 | Updated 13:58 IST
Credible and adequate data is needed for the budget to determine the path to revive demand, incipiently pre-pandemic but worsened due to the lockdown
A few days to go for the first post-pandemic budget, there are great expectations from it, especially since the first advance estimates (AE) project the GDP growth to fall to minus 7.7% in FY21. The expectations are not just about quick recovery in the GDP growth but also revival of jobs, businesses and investments lost first to the pre-pandemic slowdown and then to the lockdown. It has been a long and painful wait for the
Wirtschaftsprofessor Schnabl: Schwieriger Aufstieg für Junge nzz.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzz.ch Daily Mail and Mail on Sunday newspapers.
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Under President Xi Jinping s much-hyped ‘dual
circulation strategy (DCS), China will depend mainly on
“domestic circulation” for its next phase of
development, supported by external resources through
“international circulation”.
The former is intended to reduce China s dependence on
overseas markets and technology for its long-term development, a
shift brought on by a deepening rift with the US, while the latter
entails greater market opening to attract more foreign investment
in high-end manufacturing to strengthen its supply chain security
and deter foreign countries from luring firms away from