Remove Economy Remove Governance Remove Shutdown
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India Turns To Deregulation To Boost Pandemic Economy

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The plans supported by Modi and his Bharatiya Janata Party, voted on last month, included broad, sweeping changes that dismantled a long-standing regulatory system making farmers sell most of their crops via government-sanctioned wholesale markets which are dominated by traders and middlemen, rather than directly to consumers, according to WSJ.

Economy 103
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Regulators Ask Banks To Go Easy On Govt. Workers During Shutdown

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11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. Federal Reserve Chairman Jay Powell discussed the effects that a long-term shutdown could have on the economy. A longer shutdown is something we haven’t had,” he said. “If As Friday (Jan. On Thursday (Jan.

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Digital-First Economy Redefines Retail And Consumer Behavior

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When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. government Census department put the eCommerce increase from Q1 2020 to Q2 at 44 percent – a total number of $211 billion. The numbers speak for themselves. That dropped to 44.4

Economy 118
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NY Fed President: Gov’t Shutdown Could Hinder Economic Growth

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18) that the shutdown has become a hindrance for the economy, Financial Times reported. With an audience of the New Jersey Bankers Association, Williams noted that policymakers at the Fed had noticed “some emerging headwinds to growth from the partial government shutdown ” in addition to “geopolitical uncertainties.”

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Gov’t Shutdown Costs Creep To $11B

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A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. And although federal employees will receive back pay now that the government is back at work, most contractors will not.

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Consumer Morale Up In Major European Economies

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Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue to open their wallets and spend to support expanding a strong overall economy. In Italy, consumer confidence in January 2020 grew to 111.8 from 110.8 in December of last year.

Economy 56
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New COVID-19 Wave Crashes Through Global Economy

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Switzerland reports about a third of intensive care units remain available for now, but they run the risk of filling up completely within the next 10 days if current infection rates persist, Andreas Stettbacher, a government delegate for the country’s Coordinated Medical Services, told Reuters. The Fear of More Economic Fallout.

Economy 71