Deficits

3,333 Followers

Reuters
flipped into Business
Business
Mexico posts largest trade deficit on record as exports collapse
Reuters - by Anthony Esposito
MEXICO CITY (Reuters) - Mexico on Monday posted its sharpest trade deficit on record in seasonally-adjusted terms as demand for its products abroad fell faster than imports, in a gloomy sign for Latin
Now
Liberal View
Here's how Trump sabotaged America’s recovery before COVID-19 even began
alternet.org - Anne Kim
“Vaccine or no vaccine, we’re back,” President Donald Trump said last week as governors nationwide began relaxing the restrictions prompted by …
10 hours ago
Caixin
flipped into Caixin Latest News
Economics
Jump in China’s Debt Necessary, Risks Controllable, NDRC Says
Caixin Global - By Guo Yingzhe and Shen Fan
Top officials at China’s economic planning agency have defended the government’s decision to increase debt to help the economy recover from the …
9 hours ago
The Economic Times
flipped into ET's Top Stories
Nirmala Sitharaman
View: Keep it simple & work the plan
indiatimes.com - ET CONTRIBUTORS
Prime Minister Narendra Modi has been exemplary in handling the Covid-19 situation through the lockdown, and then giving the economy a much needed …
Now
Forbes
flipped into Business
New York State
New York Coronavirus Deaths Dip Back Below 100
Forbes - Andrew Solender
New York Governor Andrew Cuomo announced on Monday that New York had 96 coronavirus deaths on Sunday, the second time in three days deaths from the virus have fallen below 100.
7 hours ago
MarketWatch
flipped into Politics & Economy
Oil
Mexico's registers $3.09B April trade deficit
MarketWatch - Anthony Harrup
MEXICO CITY--Mexico ran up a $3.09 billion trade deficit in April as the shutdown of many industries to counter the spread of the coronavirus and the …
9 hours ago
The Hindu Group
flipped into The Hindu
Economics
Reverse migration to villages has set economy back by 15 years, says JNU professor - The Hindu
thehindu.com - Sobhana K. Nair
Santosh K Mehrotra, Professor of Economics at the Centre for Informal Sector & Labour Studies at Jawaharlal Nehru University and author of the …
5 hours ago
Liberal View
If the Federal Government Won’t Fund the States’ Emergency Needs, There is Another Solution | The Smirking Chimp
smirkingchimp.com - by Marshall Auerback | May 25, 2020 - 6:06am
Many states are now experiencing severe budget deficits as they cope with the combined collapse of tax revenues and corresponding expansion of …
12 hours ago
Middle East
Saudi Arabia Says Capable to Deal with Pandemic’s Economic Impact
aawsat.com - english.aawsat.com
Finance Minister Mohammed al-Jadaan has reiterated that Saudi Arabia's economy is solid and has the ability to deal with the coronavirus pandemic …
16 hours ago
Canada
City aims to use $15M from province to cover deficit
thestarphoenix.com - Alex MacPherson, Saskatoon StarPhoenix
In a report to city council, Tarasoff said the $15 million can “be used for any purpose without restriction, including a one-time allocation to fund …
Now
Haaretz
flipped into Israel
Economics
Israel's Central Bank Grows Bearish on the Economy
haaretz.com - Sami Peretz
In normal times, the economists at the Bank of Israel and the Finance Ministry are capable of doing battle over the difference of a tenth of a …
Now
Independent Media
flipped into IOL Business
Economics
S&P warns SA over its R500bn coronavirus stimulus package
iol.co.za - Siphelele Dludla
JOHANNESBURG - S&P Global Ratings has warned that South Africa’s R500billion coronavirus stimulus package could widen the country’s debt burden to …
12 hours ago
News (China)
Experts say nation still on track to meet key development goals -
chinadaily.com.cn - 于小明
China is on course to meet its important development goals despite the setback of the coronavirus pandemic, according to experts. They were responding …
18 hours ago
The Hindu Group
flipped into The Hindu
Small Business
The problem with the liquidity push - The Hindu
thehindu.com - C.P. Chandrasekhar
The present government’s much-hyped, post-COVID-19 relief and recovery package has disappointed many. It provides little by way of additional …
Now
The Economic Times
flipped into Markets
Economics
Deficit monetisation: Is it really as simple as RBI printing more money?
indiatimes.com - ET CONTRIBUTORS
The Indian economy is passing through an unprecedented phase, and so is the fiscal health of the country. It is pretty clear that the government will …
10 hours ago
Caixin Global
News (China)
In Depth: Should China’s Central Bank Buy Treasury Bonds?
Caixin Global - By Yu Hairong, Zhang Yuzhe and Denise Jia
As countries scramble to keep the spread of the Covid-19 pandemic from devastating their economies, central banks are taking unprecedented easing …
20 hours ago
Crain's Detroit Business
flipped into Crain's Detroit Business
Jerome Powell
State and Local Budget Woes Create Drag for Economic Recovery Prospects
The Wall Street Journal. - David Harrison
Cuts to employment and spending likely to weigh on growth for years, economists say The hit to U.S. state and local finances from the coronavirus pandemic could be a drag on the nation’s economic recovery
1 day ago
The Washington Post
flipped into Opinions
Opinion
Why Italy’s debt matters for everybody
The Washington Post - Robert J. Samuelson
What’s certain is that another debt crisis would prolong and deepen the worst economic downturn since the Great Depression of the 1930s. We may be dealing with a multi-decade and poorly understood cycle
1 day ago
Washington Free Beacon
flipped into Top News
Conservative View
Review: 'The Deficit Myth' by Stephanie Kelton
freebeacon.com - Charles Fain Lehman
Though little-known outside it, Stephanie Kelton has fast become one of the biggest names in the progressive policy world. A Stony Brook University …
1 day ago
Bloomberg
flipped into Bloomberg
Economics
Why China Uses ‘Special Debt’ to Help Economy Recover
Bloomberg
With the virus pandemic pummeling China’s economy, the government plans to sell 1 trillion yuan ($140 billion) of special government bonds to help …
1 day ago
Keith
flipped into Notice Magazine
Investing
How The Coronavirus Will Change The Role Of Central Banks
Seeking Alpha - AllianceBernstein (AB)
COVID-19 has supplied the catalyst for a secular change in the role of central banks. Providing governments with ammunition to fight the virus is now …
1 day ago
Reuters UK
GDP
French state debt could be over 115% of GDP by year end - budget minister
Reuters UK - Reuters Editorial
PARIS (Reuters) - France’s state debt to gross domestic product (GDP) ratio is set to increase to more than 115% by the end of the year due to the cost of coronavirus crisis measures, Budget Minister Darmanin
1 day ago
Alaska
Plans to fix Alaska's online budget tracker undetermined
ktuu.com - Associated Press
ANCHORAGE, Alaska (AP) - Republican Gov. Mike Dunleavy’s administration has announced an online platform used to publicly track Alaska’s spending is …
1 day ago
Outlook Magazine
flipped into Outlook India
Business
Gold imports dip for fifth consecutive month in April, fall by almost 100 pc
outlookindia.com - New Delhi, May 24 (PTI) India''s gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD 2.83 million in April due to the lockdowns imposed globally on account of coronavrius outbreak.
The import of the yellow metal stood at USD 3.97 billion in April 2019, according to the commerce ministry''s data. The decline in gold imports has …
1 day ago
CBC News
flipped into Canada
Calgary
If the deficit makes you nervous, what about our other problems? | CBC News
CBC News - Aaron Wherry
It's probably not too early to worry, if only a little, about the federal deficit. It's also probably not too early to worry that worrying too much …
1 day ago
China
China drops mention of GDP goal as parliament opens, virus slams economy
investing.com - By Kevin Yao and Judy Hua
BEIJING (Reuters) - China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic …
1 day ago
Michael Hartley CFP®
flipped into Global Economics & Investing
News (South Africa)
BUSINESS MAVERICK: S&P sees SA economy contracting 4.5% in 2020 — and notes sour long-term GDP per capita trend
dailymaverick.co.za - Ed Stoddard
Rating agency S&P Global Ratings sees South Africa’s economy contracting 4.5% in 2020, a forecast that looks wildly optimistic when compared with …
1 day ago
Gavin Newsom
Marin faces deep cuts in Newsom’s revised budget
marinij.com - Richard Halstead
Marin County will receive $26.5 million in federal pandemic relief funds based on the revised budget that Gov. Gavin Newsom has submitted to the …
1 day ago
Seeking Alpha
China
China has room to borrow more, chief economic planner says (NYSEARCA:CYB)
Seeking Alpha - Liz Kiesche
It's "viable, safe, and necessary" for China to increase borrowing to deal with the economic downturn caused by the coronavirus, Cong Liang, …
1 day ago
The South African
flipped into NEWS
News (South Africa)
SA economy is set to shrink by 4.5% this year, predicts S&P
thesouthafrican.com - Mike Simpson
Ratings agency S&P says it expects South Africa’s economy to shrink 4.5% this year due to the drop in production and consumption caused by the …
1 day ago