Thursday , May 28 2020

International News

IMF urging policymakers to avoid Depression-era mistake

Bloomberg The International Monetary Fund (IMF) wants policy makers to avoid repeating the Depression-era mistake of ratcheting back budget deficits. Instead, it’s urging them to ramp up fiscal stimulus when the coronavirus contagion starts to abate. “Once the recovery has happened and we are past the pandemic phase, for advanced ...

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Finland’s lockdown to decline GDP by around 2% per month

Bloomberg Finland’s lockdown will cause gross domestic product (GDP) to shrink between 1.5% and 2.0% for each month that it is in place, the Finance Ministry said Thursday. The longer the restriction measures last, the slower the recovery will be, Mikko Spolander, director general of the Economics Department, told reporters ...

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Trump challenge to mercury curbs a boost for coal plants

Bloomberg The Trump administration is preparing to attack the legal basis of requirements to capture mercury and other heavy metal pollution from power plants, setting the stage for a court to potentially toss out the mandates altogether. The move will come in the form of a final Environmental Protection Agency ...

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India plans partial lockdown exit to start stalled economy

Bloomberg India will allow makers of information technology hardware, farmers and industries in rural areas to resume operations after April 20 as Prime Minister Narendra Modi crafts a plan to exit the world’s biggest lockdown and revive stalled economic activity. Amid a three-week lockdown that’s been extended to May 3, ...

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Coronavirus pandemic may hit banana supplies in Asia next

Bloomberg Get your potassium while you can. The coronavirus pandemic may limit supplies of bananas in Asia. Growers in the Philippines, the world’s second-biggest exporter, said overseas shipments may drop by nearly 40% this year as lockdowns and social distancing measures curb output and transport. The country’s exports of the ...

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