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Coronavirus and global financial crisis

From the start of 2020, coronavirus (COVID-19) confirmed cases are rapidly growing around the globe. This pandemic started in China and in the last seventy days the total number of…

Global economic prospects under Covid-19 crisis

Covid-19 has badly exposed the lack of interdisciplinary approach of mainstream economics – the theoretical basis for widely practiced economic policy, both at the level of most countries and multilateral…

Covid-19 and ‘Green New Deal’ — I

The multiple failings of neoliberal agenda since its beginnings in the late 1970s - manifested in economic policies, including those of structural adjustment programmes by multilateral institutions like International Monetary…

Debt, deficits, and welfare during the pandemic

The global pandemic has pushed the world, especially the developing countries, in a very uncertain territory with regard to economic recovery, which in most parts depends on finding an appropriately…

Oil market: issues and outlook

From the start of the millennium – to be more precise since 1999 – till around the middle of 2008 when the Global Financial Crisis (GFC) went into full gear,…

SDRs: Allocation, reallocation, and fiscal usage

Writing in the wake of the Global Financial Crisis (GFC) in 2009 in a Project Syndicate published article ‘The new IMF’, the then executive director of the International Monetary Fund…

Need for a ‘new normal’ economic recovery

The pre-Covid world was a neoliberal world, which exacerbated income inequality between the rich and poor within countries, and the gap between the developed and developing countries in general. This…

The growth rate controversy

Pakistan Bureau of Statistics (PBS) has claimed Gross Domestic Product (GDP) growth rate of 3.94 percent in the current fiscal year (a projection as data for the last three months…

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