Bangladesh economy is showing signs of resilience

2021 ◽  
Keyword(s):  
Economic Recovery ◽  
Fiscal Year ◽  
Gdp Growth ◽  
Content Type ◽  
Garment Workers ◽  
The Government

Significance The pandemic has badly hit the economically important ready-made garments (RMG) sector, but there are signs that textile exports are picking up. The government targets GDP growth of 8.2% in the fiscal year ending June 2021 -- the same as in 2018/19, and a marked recovery from the slowdown in 2019/20. Impacts Economic recovery will boost support for the government, whose dominance of politics remains formidable. Garment workers who remain out of work may engage in anti-government protests. Supplies of COVID-19 vaccines from India will help consolidate Dhaka-Delhi ties.

China may struggle to achieve a job-rich GDP recovery

2020 ◽  
Keyword(s):  
Economic Recovery ◽  
Gdp Growth ◽  
Export Demand ◽  
Industrial Output ◽  
Content Type ◽  
Defence Spending ◽  
The Government ◽  
First Time ◽  
People's Congress ◽  
Economic Outlook

Subject The economic outlook for China following the lifting of the COVID-19 lockdown. Significance The economic uncertainties due to the economic impact of the COVID-19 pandemic made this year’s National People’s Congress (NPC) unusually important. After GDP fell 6.8% year-on-year in the first quarter, the government for the first time announced no annual GDP growth target, indicating extreme uncertainty over the extent and durability of recovery. Impacts China’s industrial output will outpace export demand; trade tensions such as anti-dumping cases could rise. US-China tensions will rise, but both sides will be warier than last year of major moves that could jeopardise economic recovery. China’s commitment to high military spending is undiminished by its economic troubles; defence spending will rise as a share of GDP.

Bangladesh risks growth by not confronting bad debt

2019 ◽  
Keyword(s):  
Central Bank ◽  
Banking Sector ◽  
Banking System ◽  
Fiscal Year ◽  
Gdp Growth ◽  
Potential Growth ◽  
Content Type ◽  
High Court ◽  
The Government ◽  
Bad Debt

Subject Bad debt in Bangladesh's banking sector. Significance The High Court last month stayed until June 23 a circular issued by the Bangladesh Bank, the central bank, that appeared to benefit borrowers who had defaulted on loans from the country's banking system. Meanwhile, Bangladesh registered 7.9% GDP growth in the fiscal year ending June 2018. Impacts The government will dismiss worries about a potential growth slowdown, pointing to forecast GDP growth of 8.1% in 2018/19. The Bangladesh Bank's circular would hurt banks already burdened with losses because of provisioning against bad debt. Banks may try to reduce their exposure to single borrowers.

Prospects for India in the second quarter

2015 ◽  
Keyword(s):  
Prime Minister ◽  
Big Bang ◽  
Balance Of Payments ◽  
Economic Recovery ◽  
Gdp Growth ◽  
Content Type ◽  
Bharatiya Janata Party ◽  
The Government

Subject Prospects for India in the second quarter. Significance Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) suffered a major defeat in Delhi elections in February, denting the party's perception of electoral invincibility. This has cast a shadow over Modi's economic agenda just when investor pressure is mounting for 'big bang' reforms. Nonetheless, signs of economic recovery -- visible in the uptick in GDP growth, moderating inflation and strengthening balance of payments -- promise the government room for manoeuvre in the second quarter of 2015 (the first quarter of fiscal 2015-16).

India will stick to prudence amid fiscal crisis

2020 ◽  
Keyword(s):  
Economic Crisis ◽  
Public Debt ◽  
Fiscal Crisis ◽  
Economic Recovery ◽  
Fiscal Year ◽  
Medium Term ◽  
Content Type ◽  
Goods And Services ◽  
The Government ◽  
Market Liberalisation

Significance Meanwhile, the government is under pressure to raise expenditure to help ease the pandemic-related economic crisis. Delhi is reluctant to borrow more, as an increase in public debt could hurt its sovereign rating. Impacts India will struggle to avoid a heavy GDP contraction this fiscal year. In the medium term, some states may try to reclaim the powers of taxation they surrendered through the Goods and Services Tax. The government will count on market liberalisation to spur post-pandemic economic recovery.

Florida voters react to Biden's Caribbean policy

2021 ◽  
Keyword(s):  
Disaster Relief ◽  
Electoral Politics ◽  
The State ◽  
Pivotal Role ◽  
Economic Recovery ◽  
Short Term ◽  
Content Type ◽  
Family Connections ◽  
The Caribbean ◽  
The Government

Significance Many areas of the Caribbean have trade, investment and family connections with communities in Florida. As the state now plays a pivotal role in US electoral politics, crises in the region can take on added political importance for parts of Florida’s electorate. Impacts Forecasts of short-term economic recovery for Florida remain highly uncertain given the continuing impact of the pandemic. Clashing interests across the Caribbean may demand greater coordination of US policy than the government can currently offer. Healthcare and disaster relief capabilities within the state are severely overstretched and could be overwhelmed by a new crisis.

Iran’s hopes of swift economic recovery will be dashed

2021 ◽  
Keyword(s):  
Economic Policy ◽  
Vaccination Campaign ◽  
Economic Recovery ◽  
Fiscal Year ◽  
Islamic Revolution ◽  
Content Type ◽  
The Us ◽  
Supreme Leader

Significance His government is in an impasse with the conservative parliament over the draft budget for the new fiscal year beginning on March 21. Rouhani needs the US sanctions to be lifted fast and a COVID-19 vaccination campaign to allow for an exit from the pandemic in order to meet his economic promises. Impacts The supreme leader will become even more closely involved in shaping economic policy, with the autarkic ‘resistance’ narrative dominant. Khamenei may seek a new ‘jihadi manager’ president, linked to the Islamic Revolution Guard Corps (IRGC), who follows his economic vision. Progress with vaccinations, which began on February 8, will likely be slow, as supplies have become highly politicised.

Dominican Republic tourism begins fragile recovery

2021 ◽  
Keyword(s):  
Dominican Republic ◽  
Economic Recovery ◽  
Infrastructure Investment ◽  
Health Minister ◽  
Slow Recovery ◽  
Content Type ◽  
The Government ◽  
Investment Programme

Significance Accounting directly and indirectly for 16-17% of GDP in 2019, tourism is a major plank of the Dominican economy and will be key to broader economic recovery in 2021. With that in mind, the government is striving to encourage visitors back as soon as possible. Impacts Cruises are less important to the Dominican Republic than some smaller islands, but the slow recovery of that sector will be a blow. The president plans to launch an infrastructure investment programme later this year to help boost employment. The dismissal of Health Minister Plutarco Arias over alleged procurement irregularities may undermine government anti-corruption pledges.

Nigerian oil rebound vital for economic recovery

2017 ◽  
Keyword(s):  
Niger Delta ◽  
Agricultural Sector ◽  
Economic Recovery ◽  
Content Type ◽  
Oil Companies ◽  
China And India ◽  
Relative Safety ◽  
Oil Sector ◽  
The Government ◽  
State Interventions

Significance Despite such controversies, the government is pinning hopes for economic recovery on restoring hydrocarbons production alongside longstanding plans to reduce the country’s dependence on oil. While large international oil companies are retreating to the relative safety of the deep offshore, the government will look to new partnerships with China and India for large infrastructure projects. Impacts Employment gains in the oil sector will be marginal compared to increases in the agricultural sector. Recent state interventions against oil majors are unlikely to deter future investment. Counter-insurgency operations against Boko Haram could distract from government peace efforts in the Niger Delta.

New Cyprus parliament will be tougher to deal with

2016 ◽  
Keyword(s):  
Eastern Mediterranean ◽  
Economic Recovery ◽  
Content Type ◽  
Parliamentary Elections ◽  
Presidential System ◽  
History Of ◽  
The Republic ◽  
The Government ◽  
Republic Of Cyprus ◽  
Parliamentary Support

Subject The May 22 parliamentary elections. Significance The elections had the lowest turnout in the history of the Republic of Cyprus and brought about significant changes in the composition of the chamber. They were conducted amid a climate of fragile economic recovery and talks with the Turkish Cypriots on reunification. The outcome was a weakening of parliamentary support for the talks and a louder voice for nationalist, anti-austerity and anti-reform views. Impacts The government that is in place will not be affected because Cyprus has a presidential system. However, the lack of a parliamentary majority could hinder the Cypriot economy's fragile recovery. Resolving the division of Cyprus problem would be a significant positive boost for the very insecure Eastern Mediterranean.

Insecurity and drought undermine Madagascar president

2016 ◽  
Keyword(s):  
Interest Rate ◽  
Prime Minister ◽  
Commodity Prices ◽  
Southern African Development Community ◽  
Political Elite ◽  
The Political ◽  
Gdp Growth ◽  
Content Type ◽  
African Development ◽  
The Government

Significance Rifts within the political elite are deepening, evidenced by the departure of former Prime Minister Jean Ravelonarivo -- and his cabinet -- last month. However, the installation of a new administration does not portend stability. Impacts The central bank's decision to cut its benchmark interest rate to 8.3% from 8.7% will facilitate borrowing by firms and households. This is unlikely to boost GDP growth given the countervailing effects of political volatility and low commodity prices. The UN secretary general's appeal (on an official trip earlier this month) for the government to tackle graft is unlikely to be heeded. If Madagascar experiences another coup, the Southern African Development Community bloc will likely expel it -- again.

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