Calamities, debt crisis, growth: prospects — II
H istorical precedents show the many ways in which various sectors of the economy do this. As rising debt causes a widening gap between demand and supply, economic agents understand…
Calamities, debt crisis, growth: prospects – I
Natural disasters such as floods can have detrimental effects on growth as they depress both supply and demand, and require substantial resources to mitigate the negative consequences for economic activity.…
How to solve the debt crisis
A previous article (Real clear economics, BR, 24 Mar 2022) pointed out that governments of Pakistan have borrowed far more than the people, as ultimate borrowers, can feasibly repay. This…
A looming debt crisis
In his article in the New York Times on April 30, 2020, Prime Minister of Ethiopia and the 2019 Nobel Peace Prize winner Abiy Ahmed highlighted the fact that the…
Avoiding international sovereign debt crisis
“The COVID-19 crisis has made painful sovereign-debt restructurings inevitable for many countries... The World Bank estimates that as many as 100 million people could fall into extreme poverty as a direct result…
India plans lending reforms as bankers fear new bad debt crisis
Weeks after India unveiled a $32 billion bailout of state-run banks, top finance ministry officials and bankers will meet this weekend to discuss lending reforms designed to prevent another bad…
India plans lending reforms as bankers fear new bad debt crisis
Weeks after India unveiled a $32 billion bailout of state-run banks, top finance ministry officials and bankers will meet this weekend to discuss lending reforms designed to prevent another bad…
Greeks rebuild lives after debt crisis wrecked dreams
In 2010, Panagiota Kalliakmani had just secured her chemistry degree and dreamed of going into research. Then the Greek economic crisis struck. With the cash-strapped state forced into massive spending…
A debt crisis?
Before we criticise a government – any government – for contracting national debt it is important to remember that governments are essentially non-commercial. They are like dependants in a family.…
Argentine economy faces first slump since end of debt crisis
After a decade of growth, Argentina faces a sharp decline this year as industrial output falls and one of the world's highest inflation rates hits consumer spending and new investment.…
