Helena Norberg-Hodge has been arguing for localism since the 1970s, but the pandemic is making the Australian activist-scholar’s ideas more relevant than ever.
Tag: Gross Domestic Product
China Is on a Building Binge, and Metal Prices Are Surging
Iron ore, nickel, copper and other metal prices are rising as China restarts construction, and the global economy could benefit.
India’s Economy Shrank Nearly 24 Percent Last Quarter
It’s the biggest decline of any major economy. Economists say once the impact on the country’s vast “informal” work force is taken into account, the damage might be even worse.
China’s Economy Rebounds From Coronavirus, but Shares Fall
Heavy spending on roads and rail lines reversed the economy’s outbreak-induced nose-dive in February and March. But retail sales stayed weak, alarming investors.
Modi Announces $260 Billion Coronavirus Rescue Package for India
He was scant on details. But the relief is more than economists predicted and comes as Indian cities are hemorrhaging jobs and workers.
I.M.F. Predicts Worst Downturn Since the Great Depression
The global economy is expected to contract by 3 percent this year as quarantines and lockdowns cripple output.
Will the Coronavirus Cause a Recession? Keep Your Eye on the Barbershops
The Fed reduced rates to keep the effects of the outbreak from spreading to sectors not directly affected by the virus.
Pessimistic Outlook in Russia Slows Investment, and the Economy
Growth has slowed to well below the global average as economists point to low spending by the government and the private sector.
New Zealand’s Next Liberal Milestone: A Budget Guided by ‘Well-Being’
Under a revised budget policy, all new spending must advance one of five government priorities that promote the welfare of citizens. The political opposition dismisses the move as “slick branding.”
Unrest in France Hinders Macron’s Push to Revive Economy
The Yellow Vest protests roiling the country have cost businesses billions of euros and threatened President Emmanuel Macron’s strategy for growth.