Read more about India s economy faces resilience test amid risks from Covid-19 outbreak on Business Standard. Economists say the relaxation of restrictions across states will determine the strength of a rebound.
(Bloomberg) China will allow all couples to have a third child, a surprise move aimed at slowing the nation’s declining birthrate as risks to the economy’s long-term prospects mount because of a rapidly aging population.In a meeting presided over by President Xi Jinping Monday, the Communist Party’s Politburo decided to ease the current two-child restriction, saying “allowing every couple to have three children and implementing related support policies will help improve the population’s structure,” according to a report by the official Xinhua News Agency. It wasn’t clear when the move would take effect, although the meeting discussed major policy measures to be implemented in the period to 2025.China has been gradually reforming its stringent birth policy that for decades limited most families to only having a single child, with a second child allowed since 2016. However, that reform did little to reverse the declining birthrate and fu
Economists say the relaxation of restrictions across states will determine the strength of the rebound
The Indian economy s resilience will be tested by its ability to overcome a devastating outbreak of Covid-19, although no one s yet doubting its potential to pull off the world s fastest pace of growth among major economies this year. The economy is on track to grow 10 per cent in the year that began April 1, according to the median of 12 estimates compiled by Bloomberg News. That s after several economists downgraded their forecasts in recent weeks to factor in local curbs on activity, including in India s political and commercial hubs.
(Bloomberg) Australia’s central bank is approaching a decision on whether the economy is strong enough for it to join Canada and New Zealand in signaling a…
(Bloomberg) Sweden’s economy returned to its pre-pandemic level in the first quarter as the recovery in the largest Nordic economy is outpacing most of its wealthy peers.