IMF chief economist Gita Gopinath warned that the global economy is in a 'synchronised slowdown' and called for policymakers to cooperatively deescalate trade and geopolitical tensions.
When Israelis pushed out Arabs in 1948, they didn’t think that embittered refugees would turn into a permanent threat to their new state. This was a catastrophic miscalculation.
ISKP, a sub-continental branch of the Islamic State, is said to have vowed to extend operations in Kashmir, on encouragement from Pakistan’s security establishment.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
All economists have been saying the same thing. India has gone as far as it could with the politically easier reforms it has undertaken since 1990. What are left are the politically tougher reforms – labour laws, land acquisition, education and judicial. They won’t happen until Modi-Shah feel politically secure. There is no easy way to get back to 7%+ growth rates.
At least I was never surprised, even less so than after Demonetisation. It seemed to me that all the compliments about India being the one bright spot in the global economy, including several from the IMF, were polite small talk. Look back to May 2014 and try to identify one inspired initiative on the economy.
Modi has no time for phoren experts. He is happy with his local pakida team.
Tell us something new please.
All economists have been saying the same thing. India has gone as far as it could with the politically easier reforms it has undertaken since 1990. What are left are the politically tougher reforms – labour laws, land acquisition, education and judicial. They won’t happen until Modi-Shah feel politically secure. There is no easy way to get back to 7%+ growth rates.
At least I was never surprised, even less so than after Demonetisation. It seemed to me that all the compliments about India being the one bright spot in the global economy, including several from the IMF, were polite small talk. Look back to May 2014 and try to identify one inspired initiative on the economy.
What about the IBC? You can google if you don’t know about it…