Aussie spending has been turbulent in 2020, with the devastating effects of the bushfires into the outbreak of COVID-19. In fact, according to Deloitte Access Economics latest quarterly Retail Forecasts subscriber report (Q2, 2020), retail spending has been a rollercoaster so far this year. The report revealed that after the surge in spending growth in…
Stranded commuters wait for transportation at a bus terminal during a protest by taxi operators over the government’s financial relief for the taxi industry, amid the coronavirus disease (COVID-19) lockdown, in Soweto, South Africa, June 22, 2020. REUTERS/Siphiwe Sibeko The international community quickly agreed this spring that the COVID-19 pandemic and its economic damage necessitated…
Watching scientists, politicians and journalists struggle to compare national death rates from the coronavirus pandemic, I had an acute case of dj vu. Though the virus may be novel, the confusion generated by inconsistent data standards is anything but. Its something Ive observed closely for many years in studying public sector debt. Such league table…
Private sector participation will be essential to ensuring the success of a debt relief initiative launched by the Group of 20 major economies for the world’s poorest countries, the chief economist of the International Monetary Fund said on Monday. The G20’s offer to suspend official bilateral debt service payments by the poorest countries would likely…
Monday, June 29, 2020 3:23 p.m. EDT by Thomson Reuters By Andrea Shalal WASHINGTON (Reuters) – Private sector participation will be essential to ensuring the success of a debt relief initiative launched by the Group of 20 major economies for the world’s poorest countries, the chief economist of the International Monetary Fund said on Monday.…
FILE PHOTO: International Monetary Fund Chief Economist Gita Gopinath takes questions at the annual meetings of the IMF and World Bank in Washington, U.S., October 18, 2019. REUTERS/James Lawler Duggan WASHINGTON (Reuters) – Private sector participation will be essential to ensuring the success of a debt relief initiative launched by the Group of 20 major…
Lawmakers and businesses are pushing the U.S. government to offer debt relief to hundreds of small hotel owners who borrowed with the help of bond markets. But the biggest beneficiaries of any assistance could be large real estate owners affiliated with properties that owe troubled hotel debt, according to an analysis by hotel union Unite…
Council raises issue of NPL surge at SFIs Relief packages seen skewing real figures Visitors peruse housing loans at the GH Bank booth at Money Expo 2019.(Photo by Patipat Janthong) Chatchai Sirilai, chairman of the Government Financial Institutions Council, has flagged concerns about spikes in bad loans among specialised financial institutions (SFIs) after their debt…
Sri Lankas request to India for a postponement of its debt repayment amidst the current economic crisis is under consideration, say officials, though no decision has been taken, more than four months after the request was made personally by Sri Lankan Prime Minister Mahinda Rajapaksa to Prime Minister Narendra Modi. On Saturday, Mr. Rajapaksa renewed…
IRVINE, CA – MARCH 30: Credit cards are cut in half during a shreading ceremony at Christ Our … [+] Redeemer Church in Irvine. (Photo by Mindy Schauer/Digital First Media/Orange County Register via Getty Images) MediaNews Group via Getty Images If every older household had little or no debt and a large savings account to…