Vietnam's prudent, low-cost approach to combating Covid-19

May 25, 2020 12:29 pm UTC| Economy

The author has been on a research visit at the Da Nang University of Economics since February 2020. The article is based on his personal observations, exchange with local residents, and independent research based on public...

Indian Economy to Shrink for the First Time in 41 Years

May 25, 2020 05:19 am UTC| Economy

Indias economy would plummet for the fiscal year of 2020-2021 despite a rebound in activity in the coming months, says the head of Indias central bank Shaktikanta Das. He gave his projection while announcing a slew of...

S. Korea's Exports of New-Industry Goods Surge 17% in Q1

May 23, 2020 03:50 am UTC| Economy

South Koreas exports of eight new-industry goods in the first-quarter jumped 17 percent from the previous year to $21 billion despite a drop in overall exports. The goods include aviation products and drones, biohealth...

S. Korea's Income Gap Widens as COVID-19 Cuts Down Low-Paying Jobs

May 22, 2020 01:34 am UTC| Economy

The income disparity between the top 20 percent and bottom 20 percent of households widened with many of the countrys low-paying jobs being slashed due to the COVID-19 pandemic. The average monthly income of households...

US Senators Warn of China's Plan to Acquire Virus-Devalued Companies

May 22, 2020 01:31 am UTC| Economy

Seven US senators have urged Treasury Secretary Steven Mnuchin to prevent Chinese companies from buying strategic US assets that have been devalued by the coronavirus pandemic. The lawmakers said in a letter to Mnuchin...

The costs of the shutdown are overestimated -- they're outweighed by its $1 trillion benefit

May 20, 2020 15:51 pm UTC| Economy

As Australia begins to relax its COVID-19 restrictions there is understandable debate about how quickly that should proceed, and whether lockdowns even made sense in Australia in the first place. The sceptics arguing...

Self-employed Australians' hours have fallen 32% since coronavirus hit – double the impact on all employees

May 20, 2020 15:45 pm UTC| Economy

Australia Bureau of Statistics data has confirmed the massive economic hit from the COVID-19 pandemic, with total hours worked across the economy officially falling 9% between early March and early April 2020. Our...