Search results

Canada economic recovery from COVID-19 will take time

Location:

CANADA

The pandemic has plunged Canada into recession. Employment rolls shrank from 19.2 million (mn) in February to 16.2mn in April. Although they rose to 16.5mn in May, concerns about…

High US unemployment means social fabric risks

Location:

UNITED STATES

Unemployment insurance claims have risen sharply during the pandemic. The Labor Department will release its latest data later today: total claims are likely to involve 30 million…

US Fed faces long-term COVID-19 challenges

Location:

UNITED STATES

In responding to COVID-19, the Fed, working with the Treasury, is making massive fiscal interventions. Congress has also appropriated 3 trillion dollars in aid so far.

Canada statement prefigures likely early election

Location:

CANADA

The government expects a CAD381bn (USD297.5bn) deficit for fiscal year 2020-21 (ending March 31). It also promised a CAD100bn stimulus package from calendar 2021, in further…

Jordanian teachers’ strike success may embolden others

Location:

JORDAN

The government has been attempting to implement reforms aimed at addressing the country’s soaring public debt but has faced popular resistance. Most recently, strike action by the…

Bet on Canada's spending poses risks for Trudeau

Location:

CANADA

It includes large federal stimulus spending to spur economic growth and to alleviate the worst impacts of the collapse in global commodity prices, particularly oil. The budget…

China’s European partners will reassess 17+1 forum

Location:

EUROPE/CHINA

China was keen to send aid, but the experience has nevertheless led to reassessments of China’s engagement with the network’s members, the tangible results and the management of…

New Zealand’s election looms as COVID-19 recedes

Location:

NEW ZEALAND

The economy is recovering fast, while it has been weeks since a case of COVID-19 was acquired within New Zealand from an unknown source. The country’s challenge now is determining…

Australia’s Pacific push faces headwinds

Location:

AUSTRALIA

The push is intended to counter China’s growing economic and security presence within the region and has as a core policy the establishment of an infrastructure bank.

Ciolos will aim to tackle Romania's developmental lag

Location:

ROMANIA

The non-party government of former EU Commissioner Dacian Ciolos took office on November 17 after the Ponta government stood down. Much of the previous administration's budget…