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updated Fri. March 30, 2018

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Senior National Conference leader and former Finance minister Abdul Rahim Rather on Friday blamed the incumbent PDP BJP government for the states worsening economic condition over the last three years. "The state's economy is continuously witnessing a sharp decline ever since this ...
Meanwhile, a paper by the National Bureau of Economic Research published last year found a pretty dramatic correlation between unemployment and drug abuse: For every single percentage point increase in county unemployment rate, the opioid death rate rises 3.6% per 100,000, and the ... opioids

The first measure called for economic reform and was implemented in May 2010, pushing the Greek government to create companies and jobs and to increase taxes. Such austerity measures were designed to help Greece's economy recover and make it a more reliable debtor. The Greek government ... IMF
Today, with Trump's hunger for a trade war; trillion-dollar deficits, amid low unemployment and rising interest costs; rollback of post-crisis financial regulations; and cavalier attitude toward debt default, it is, alas, not hard to imagine some sort of self-inflicted economic catastrophe befalling the country. IMF
This is an appeal to the subscribers, contributors, advertisers and well-wishers of Economic and Political Weekly (EPW), published by Sameeksha Trust, a public charitable trust registered with the office of the Charity Commissioner, Mumbai, India. EPW has completed 50 years of publication. Details here: ... IMF
Today, mainstream economic thinking still considers growth to be a vital policy objective — essential to the health of a capitalist economy. ... It begins with an acceptance that capitalism is unstable and prone to crisis even during a period of strong and stable growth — as the great financial crash of 2007-08 ... IMF

MagnifyMoney: 4 ways the U.S. opioid crisis is impacting the economy. Unable to load video. Understanding the depth of the crisis, and its widespread cost, is critical to attracting the focus it will need to repel it. IMF
Meanwhile, a paper by the National Bureau of Economic Research published last year found a pretty dramatic correlation between unemployment and drug abuse: For every single percentage point increase in county unemployment rate, the opioid death rate rises 3.6% per 100,000, and the opioid ... IMF
The Nobel-winner has warned of an economic crisis amid the heightened tensions between the United States and China over heavy tariff threats from both sides, saying that US companies were not prepared to have China forced out of their supply chains. "The immediate thing will be an economic crisis ... IMF
The Colombian city has become the last hope for many fleeing Venezuela's crumbling economy. Already four million people, out of a ... Now in its firth year of recession, critics blame both government incompetence and corruption in Venezuela for the country's economic crisis. Crippled by hyperinflation, last ... IMF
'I think his timing is just his own personal timing for this: He's been president for a year, it's about time he does something that gets people's excitement going. He has a philosophy of life that that's what you have to do: If you want to stay famous, celebrity — which he obviously relishes — you've got to be ... IMF
"The immediate thing will be an economic crisis because these enterprises are built on long-term planning — they've developed a skilled workforce and ways of doing ... "When you ask about the size of the impact on the economy, I think a lot of it is more psychological than direct, unless they really slam on tariffs," he said, ... IMF
The US central bank has been slowly raising rates to keep the economy humming without causing it to overheat. But a recent $1.5 trillion tax cut and $300 billion spending bill, along with an improved economic outlook, have more recently changed that calculus. It may now have to raise rates faster than it ... IMF
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded of the State Bank of Pakistan to control rapid surge in dollar price through strict measures otherwise it will cause a big blow to the economy. “Inter-bank US dollar rate is ringing alarming bells and calling for immediate ... IMF
The Fed said at the conclusion of a two-day policy meeting that the economy continues to strengthen and that it expects to increase rates another two times this year as it pursues a return to more normal interest rate levels. Officials also increased their expectations for economic growth this year in the United ... IMF
Barzani explained that “due to the fight against [the Islamic State], an internal political stalemate, political tensions with Baghdad, and the global economic crisis, the Kurdistan Region faces many hardships, the most serious issue among them being Kurdistan's budget cut by Baghdad at the beginning of ... IMF
... of what became a global financial crisis. Next month, in another milestone, the current recovery will become the second-longest American economic expansion on record. There is no sign that the rebound will end anytime soon. Unemployment is low, job creation is strong and the overall economy seems ... IMF

Money will flow on the city's yearly festival, despite the deep economic crisis that plagues the South American country. ... No one can launch a new currency, except the Venezuelan Central Bank," said Guerra, adding that the Central Bank's own inability to provide the economy with "the required number" of ... IMF
The export-dependent economy of the mineral-rich but impoverished country is in a dire state following the 2014-16 Ebola crisis and a commodity price slump that has driven away foreign investors. More than 3.1 million voters are registered for the polls, which were set to close at 6 pm (1800 GMT).
The recent return of volatility to markets should remind us we won't be able to call the next economic crisis a “black swan” when it hits down the road, because the elements are already in plain sight: a dangerous cocktail of rising consumer, corporate, and sovereign debt scheduled for refinancing; rising ...
Venezuela launches a new oil-backed digital currency Tuesday, in a move the government hopes will help pull the country out of a deepening economic crisis. The launch of the bitcoin-esque cryptocurrency, called the petro, is viewed by many onlookers as a somewhat desperate attempt to secure cash ...
"The immediate thing will be an economic crisis because these enterprises are built on long-term planning, they've developed a skilled workforce and ways ... from steel and aluminum tariffs, but he warned that heated trade rhetoric from both sides could send the American economy reeling into a recession.
“I will be carefully watching indicators of economic activity and inflation and assessing the degree to which activity appears to be pushing up against the constraints of the economy, as opposed to being a reflection of the expansion of those constraints and the growth of the potential output of the economy,” ...
... economic crisis is fuelling mass migration into neighbouring countries. Hundreds of thousands of people have gone to Colombia, and many others are heading south to Brazil. Al Jazeera's Gabriel Elizondo reports from the northern Brazilian city of Boa Vista. Latin America · Brazil · Business & Economy.
Background: Chronic obstructive pulmonary disease (COPD) is a major cause of disability and death worldwide. Consequently, COPD patients are frequent users of health and social resources. Therefore, they are highly vulnerable to decreases in investment in healthcare services. We aimed to describe ...
The premier also paid a visit to the autonomous port, where he discussed with the port's management the ambition to see the harbour play an important role in maritime traffic and commerce, despite the difficult economic situation in the country. “We have a mediocre economy; we will have to take steps to ...
Economic growth has been stuck in low gear for almost a decade now, averaging around 2% a year since 2010 while productivity growth, the key to increasing living standards, has been languishing near historic lows since the financial crisis. But more recently there has been a glimmer of hope.
President Nicolas Maduro blames the United States and Western institutions for waging "economic war" against Venezuela. President Trump and several other Western leaders call Maduro's regime a dictatorship. It's unclear how much demand the petro will draw. The U.S. Treasury Department warned in ...
Poverty and hunger rates are soaring as Venezuela's economic crisis leaves store shelves empty of food, medicine, diapers and baby formula. Some parents can no longer bear it. They are doing the unthinkable: giving up their children. “People can't find food,” Salazar says. “They can't feed their children.
The Central Bank of the Russian Federation said: “We assume that the OPEC+ deal ... along with weaker demand for natural gas from abroad will temporary curb growth in (Russian oil and gas) production, which may have a negative impact on economic growth in general.” Earlier this year, Economy ...
Some now see a risk of the US economy overheating with even stronger inflation, as the labour market is near full employment. The risk here is that the Fed moves even faster and more decisively to raise rates, which could precipitate even bigger market corrections, as well as working to choke off economic ...
Spain faces economic crisis: Wall Street warns of Spanish TIMEBOMB as US investors spooked. CATALONIA is still a risk to the Spanish economy and risks sparking an economic crisis, US banking giant Goldman Sachs has warned as the US stock market recovers from a rollercoaster week. By Chloe Kerr.
Aldarawi, who writes on the Jordanian economy, said devastating wars in neighbouring Syria and Iraq - the country's biggest trading partners - have curtailed economic growth. The harsh measures taken by the government will not improve economic stability and will only hurt the most vulnerable people in ...
There are two basic reasons to fear another full-blown global economic crisis soon: The first is that we have in place all the ingredients for such a crisis. The second is that due to major economic policy mistakes by both the Federal Reserve and the U.S. administration, the U.S. economy is in danger of soon ...
The economic toll of the opioid crisis is estimated to have topped $1 trillion from 2001 through 2017, a new report says. The economic fallout from the epidemic of heroin and prescription painkiller abuse is on track to cost $500 billion from 2018 to 2020 alone. More than 62,000 Americans are believed to ...
Laila al-Chatawi, a member of parliament's Fiscal and Development Committee, told Al-Monitor, “Part of the economic and financial crisis in the country is linked to the law and order situation, as there is a parallel economic network operating outside the official economy and trading in foreign currency ...
Wind industry discusses future of economy amid Oklahoma budget crisis. Posted 5:00 pm, February 6, 2018, by Lacey Lett, Updated at 05:25PM, February 6, 2018. Facebook · Twitter · Pinterest · LinkedIn · Reddit · Email ...
... economy or handle a financial crisis if one were to occur. President Trump has repeatedly patted himself on the back for a surging stock market, seemingly unaware that stocks can go down, not just up. His Treasury Department in December released a one-page analysis that made outlandish economic ...
The economy continues to grow with strong public confidence, declining unemployment and low inflation — facts that have placed a floor under Trump's historically ... A few days of market declines, at a time of global and domestic economic strength, does not define a deep and lasting international crisis.
In her final days as chairwoman of the Federal Reserve, Janet Yellen showed her traditional chair in the central bank's boardroom to CBS correspondent Rita Braver. Janet Yellen, whose term as Federal Reserve chairwoman ended Friday, was asked in an interview that aired early Sunday whether the ...
Business Insider's Sara Silverstein spoke with former IMF chief economist Ken Rogoff at the World Economic Forum in Davos, Switzerland. Rogoff is the ... Silverstein: Is there any policy issue that you think is concerning enough that could cause at least could wreak havoc on the economy? Rogoff: You ...
In 2014, Janet Yellen became the first woman to head up one of the world's most powerful economic institutions, the US Federal Reserve. Indeed, by some ... That thinking surfaced when central bankers were knee-deep in debate about what would best help the economy recover from the crisis. “We face a ...
After years of economic stagnation and rolling crises, “the eurozone is in the midst of a broad cyclical expansion, fuelled by recovering confidence and monetary stimulus from the European Central Bank” and buoyed by a resurgent global economy, says The Independent. Despite uncertainty surrounding ...
"Economic growth has shifted to a substantially faster growth path over the course of 2017," said Bert Colijn, senior eurozone economist at ING. ... The euro zone economy, for so long a source of uncertainty, has enjoyed its best year in a decade, clear evidence it has broken out of the prolonged debt crisis ...
The passage of tax cuts by the Trump administration late last year, however, led many economists — including those at the IMF — to say that the global economy is likely to see its strongest growth since the crisis through the end of the decade. This economic optimism combined with increased profits from ...
There are a number of measures in the pipeline to try and prevent Cape Town from running out of water. Apart from avoiding the taps from running dry for ordinary Capetonians, the City of Cape Town's Xanthea Limberg says their efforts are also focused on ensuring that the domestic economy still functions.
But after nearly two decades of socialist rule and mismanagement of the state-run oil company, it is being battered by the worst economic crisis in its history. The surge in violent ... The unrest has cooled some, but many Venezuelans fear it will be a temporary lull as the economy spins further out of control.
Worse, the consumer is running out of room (or credit, to be precise) to fuel higher consumption-based growth and thus, the economy needs long-absent income growth or the economy will continue to stagnate. That is my executive summary of Eric Basmajian's fine economic analysis on today's Seeking ...
The 10th anniversary of the start of the Great Recession was the occasion for an elegant essay by Nobel laureate economist Paul Krugman, who noted how little the debate about the causes and consequences of the crisis has changed over the past decade. Whereas the Great Depression of the 1930s ...
I haven't been paying a lot of attention to quarterly GDP numbers. For one thing, they do tend to bounce around a lot; for another, claims that a good number in a particular quarter somehow validates the Trumpian claim to be able to achieve high growth for a decade are almost too stupid to argue with.


 

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