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Indonesia's economic growth recorded at negative 0.74% in Q1

Shoppers at Pasar Induk Kramat Jati wholesale market in Jakarta, Indonesia on Sunday, May 2, 2021. Indonesia could face a challenging road back to fiscal discipline as the government expects to keep spending heavily to support the economy next year. - Bloomberg
JAKARTA, May 5 (Xinhua): Indonesia posted an economic growth of negative 0.74 per cent in the first quarter of this year, showed data from its central statistical agency Statistics Indonesia on Wednesday.
The Indonesian economy is still contracting by 0.74 percent year-on-year, said the agency head Kecuk Suhariyanto.
Best performance was reported in the information and communication sector with a growth of 8.72 per cent, while the largest contraction occurred in the transportation and warehousing sector, at negative 13.12 per cent. ....

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Market close: NZ sharemarket falls as investors digest economic data

Market close: NZ sharemarket falls as investors digest economic data
5 May, 2021 05:38 AM
4 minutes to read
ANZ New Zealand reported half-year profit increased 18 per cent to $930m. Photo / 123RF
NZ Herald
By: Graham Skellern
Investors stepped back to digest a flow of economic data and what it means as the New Zealand sharemarket fell half a per cent after two days of rises.
The S&P/NZX 50 Index was down
63.88 points or 0.49 per cent to 12,848.31 in rocky trading, after hitting an intraday low of 12,759.14 and high of 12,912.19.
There were 61 gainers and 70 decliners over the whole market, with 61.7 million shares worth $232.49 million changing hands. ....

New Zealand , Shane Solly , Summerset Group Holdings , Banking Group , Plexure Group , Vista Group , Warehouse Group , Ebos Group , Reserve Bank , Nasdaq Composite , Harbour Asset Management , Paykel Healthcare , Logic Wireless , Restaurant Brands , Fletcher Building , Share Market , புதியது ஜீலாந்து , ஷேன் சொல்லி , சம்மர்செட் குழு ஹோல்டிங்ஸ் , வங்கி குழு , விஸ்டா குழு , கிடங்கு குழு , எபோச் குழு , இருப்பு வங்கி , நாஸ்டாக் கலப்பு , துறைமுகம் சொத்து மேலாண்மை ,

Tracking the economic impact of India's second covid wave

Rivers change course, forests catch flame, glaciers melt: Raj Bhagat Palanichamy of the World Resources Institute India, a research centre, has tracked all of these injuries to India’s landscape through satellite images. In the past year, he has been trying to map a different kind of harm, identifying infection hotspots, pinpointing hospital beds and cross-checking official fatality numbers by examining infrared images of the fires at crematoria.
The murderous toll of India’s second wave of covid-19 infections is impossible to miss but hard to measure. The same is true of its toll on the economy. gdp data for April to June will not be released until the end of August. Figures for industrial production in April will not appear until mid-June and will anyway miss the service sector, which is likely to be hardest hit. India’s government publishes a “periodic” survey of the labour force. But Himalayan glaciers could shrink in the time it takes for it to appear. Hence the ....

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China's audit of apple export sites over, now we wait as seafood halts continue

China s audit of apple export sites over, now we wait as seafood halts continue
3 May, 2021 11:00 PM
4 minutes to read
The export apple and pear sector earned just over $900 million last year. China is its third biggest market.
The export apple and pear sector earned just over $900 million last year. China is its third biggest market.
A round of new Chinese government food safety audits which have spooked New Zealand s economic lifeblood primary export sectors have been completed on apple exporters with formal findings expected within a few weeks.
The video,
or live, audits on processing operations approved to export food to China have already resulted in some seafood exports being halted by Chinese officials. The February suspensions of some Sanford and Sealord products are still in force and unresolved. ....

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Fed's Powell says economic recovery clouded by racial,

Fed s Powell says economic recovery clouded by racial, education gaps
Reuters | May 03, 2021 04:19 PM EDT
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on Capitol Hill in Washington, U.S. (Photo : Susan Walsh/Pool via REUTERS)
The U.S. economy is doing better but is not out of the woods yet, Federal Reserve Chair Jerome Powell said on Monday in remarks that flagged an upcoming central bank study documenting the disproportionate blow suffered by the less educated and working parents during the coronavirus downturn.
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The economy is reopening, bringing stronger economic activity and job creation, Powell said in remarks prepared for delivery at a conference of the National Community Reinvestment Coalition. That is the high-level perspective - let s call it the 30,000-foot view - and from that vantage point, we see improvement. But we should also take a look at what is happening ....

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