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Family of God Church hands over renovated house to ailing widow, donates maize and blankets to 60 others | Malawi Nyasa Times


February 8, 2021
Watipaso Mzungu – Nyasa Times 2 Comments
Tears of joy rolled down the eyes of a 60-year-old widow, Lutiya Chitsala Victon, on Saturday when Family of God Church International handed over a house it renovated for her at K750, 000 in Kampini Village in Traditional Authority (T/A) Chitseka in Lilongwe.
Mandhlopa (in pink shirt) presents a blanket to one of the beneficiaries–Photo by Watipaso Mzungu, Nyasa Times
Beneficiaries hoist their bags of maize.
Victon (on a wheelchair) sheds tears to express her joy–Photo by Watipaso Mzungu, Nyasa Times
Beneficiaries hoist their bags of maize
The Family of God Church International initiator, Bishop William Mandhlopa, also presented donated a wheelchair and a walking frame to Victon, who got paralyzed due to hypertension four years ago. ....

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Economic forecasting made easy | BusinessWorld


MACROVECTOR / FREEPIK
New techniques of predicting growth have proliferated recently. The Bangko Sentral ng Pilipinas (BSP), for instance, has added to its suite of forecasting models, “nowcasting” models, to estimate growth as a measure of domestic demand in formulating monetary policy. The results of these quantitative exercises are exclusively for internal use but BSP’s performance has been satisfactory. Its business cycle model, business and consumer expectations surveys, as well as high-frequency data monitoring have also supported its macroeconomic surveillance.
Other central banks have similarly embarked on nowcasting because relying on quarterly economic and financial data with long lags and frequent revisions would serve very little purpose. Nowcasting yields economic estimates in virtually real-time in lieu of the official measures. Many advanced economies have shifted to this methodology following the exponential improvements in computing power. For instan ....

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Quick recovery as a measure of resiliency: 'How could catastrophe prevail over us?'


 
Six years ago, Liliana Rojas-Suarez, senior fellow and director of the Latin American Initiative, researched and published for the Center for Global Development (CGD) an interesting study of emerging markets’ resilience to external shocks. She compared their performance in 2007, before the Global Financial Crisis (GFC), and seven years later in 2014 covering 21 countries.
Rojas-Suarez used as determinants of resilience such macroeconomic factors as, one, cost and availability of external financing (current account balance to GDP ratio, external debt to GDP ratio and short-term external debt to gross international reserves or GIR) and, two, ability to respond (overall fiscal balance to GDP ratio, government debt to GDP ratio, squared value of deviation of inflation from its announced target and presence of credit booms and busts). ....

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