Tag Archives: GDP

This chart uses IMF estimates to show the countries most burdened by their national debt. Japan has by far the biggest problem, with general government gross debt at 238 percent of its GDP. In fourth place, the economic struggles of Lebanon add an extra …

Dr. John P. Holdren (Advisor on S&T to US President Barack Obama for his double term in office and who has been a distinguished faculty at Harvard and Berkley for over two decades) believes that there are two ways a …

The health, geopolitical and socioeconomic impacts of COVID-19 crisis are significant and catastrophic. Organizations are finding way to understand, react, and learn lessons from the rapidly unfolding events. While the effects of the exponential impact of the virus have proved …

As the COVID pandemic furies, the world is entering into the deepest global recession since the Great Depression during 1930. Since it emerged in December 2019, the virus has spread to every continent. It was declared a pandemic by the …

The pandemic is ravaging Latin America, but it also offers an opportunity to transform the region for the better. The financial system can play a significant role in building a sustainable recovery through the use of ESG investments. This approach …

Looking at global GDP at constant 2017 prices, but adjusted for purchasing power/cost of living, China was the biggest economy in the world in 2019, with an adjusted GDP of more than $22.5 trillion, according to the World Bank. While the Chinese economy …

We have a six-month window to get the global green recovery underway. It is vital that governments begin investment programmes in renewable energy now. Doing so will reap significant economic as well as environmental dividends. There is broad consensus that …

These are extraordinary days where extraordinary steps and out of box solutions are required. Budget deficit was estimated around 7.2 percent in fiscal year 2019-20 which is around 8.9 percent; likewise budget deficit is being estimated at around 9.1 percent …

When I sat down to write a commentary on Federal Budget FY21, I faced two odds: 1) there was not much to discuss and 2) there was no substantive explanation on how trillions of rupees additional revenue will be collected. …

The coronavirus pandemic has rapidly transformed life of millions of people all over the world. For many, COVID-19 carries feelings and challenges of fear, anxiety, economic hardships, isolation, and many other stresses but developing countries are the main hit of …

The federal budget for 2020-21 is set in difficult circumstances with an exceptional degree of uncertainty generated by COVID-19. The economy was already reeling under the sharp slowdown brought on by the macroeconomic adjustment that began last July with accession …

The budget proposals for 2020-2021, prepared by the Adviser on Finance and Revenue, Dr. Hafeez Shaikh — against the backdrop of potentially the biggest public health emergency and economic downturn in generations — and presented on the floor of the …