Pakistan’s economy on a downward spiral; here’s why

Pakistan’s economy is on a downward spiral for the past couple of years. From the country’s massive debts, rampant corruption to unemployment, inflation and widening fiscal deficit — there seems to be a little hope for the Islamic country’s shaky economy. Case in point: Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan-led government More...

by Loknath Das | Published 1 week ago
By Loknath Das On Friday, June 14th, 2019
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View: India’s economy is in crisis after reduced GDP estimate

India’s government has long claimed that the country is one of the fastest-growing large economies in the world. That boast was a crucial part of the ruling party’s message in India’s recent election campaign More...

By Loknath Das On Tuesday, May 28th, 2019
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The Russian Economy Is Stagnating

The Russian economy is stagnating and Russian President Vladimir Putin’s plan to revitalise it with his 12 national projects is off to a very slow start. Preliminary Rosstat figures show Russian gross domestic More...

By Loknath Das On Saturday, May 11th, 2019
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Can Iraq rebuild its economy?

Iraq is looking to strengthen its economy after decades of war, sanctions, sectarian division and the rise of the Islamic State of Iraq and the Levant (ISIL or ISIS). It has achieved some progress in recent years More...

By Loknath Das On Tuesday, April 30th, 2019
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Slowdown grips Indian economy; how do we emerge unscathed?

The vastly conflicting signals Indian economy was throwing up until late 2018 appear to have finally aligned. Nearly every macro and micro economic indicator is now pointing towards a slowdown that is tightening More...

By Loknath Das On Tuesday, April 16th, 2019
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Near Goldilocks Economy Gives Trump an Edge in 2020, Suggests Wall Street Firm

By CCN: Brace yourselves for six more years of MAGA. One of Wall Street’s oldest investment banks, Goldman Sachs, is betting on Donald Trump in 2020. Goldman economists have predicted that President Trump More...

By Loknath Das On Friday, April 12th, 2019
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Pakistan PM’s attempt to woo western audience to boost economy in despair

Pakistani Prime Minister Imran Khan’s “peace missive” suggesting PM Narendra Modi as the best bet is an outreach to the Western audience and big powers amid the precarious state of the country’s More...

By Loknath Das On Wednesday, March 6th, 2019
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The Trump economy is going gangbusters (and even liberal economists are starting to admit it)

Last week it was reported that the U.S. economy expanded by 2.9 percent in 2018, when measured from the 2017 annual level to the 2018 annual level. By a different metric, one that measures from the fourth quarter More...

By Loknath Das On Monday, March 4th, 2019
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Beware of groupthink on why the economy’s so weak

According to our top econocrats, the underlying cause of the economy’s greatest vulnerability – weak real wage growth – is obvious: weak improvement in productivity. But I fear they’ve got that the wrong More...

By Loknath Das On Friday, January 25th, 2019
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US economy now growing at less than 2 percent due to shutdown, JP Morgan says

J.P. Morgan economists said the government shutdown is beginning to take a bigger toll on the U.S. economy, and growth is now below 2 percent, despite resilience in the private sector. The economists slashed their More...