China’s new steps to prop up its economy with $146 billion in stimulus measures are unlikely to significantly alter growth, economists say
Stimulus package of $146 billion expected to do little to offset impact from property slump, Covid-19 measures and drought
Mexican chili peppers used in Sriracha. Italian risotto rice. American corn that’s used in nearly everything: these crops are vulnerable to high heat, and extreme droughts worldwide are hitting yields which could mean higher prices for staples this winter. Photo: Carlos Barria/ReutersHONG KONG—Economists said the $146 billion in stimulus measures that Chinese policy makers unveiled this week to prop up the battered economy are unlikely to significantly alter the country’s growth trajectory.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
A cross-country analysis of macroeconomic responses to COVID-19 pandemic using Twitter sentimentsThe COVID-19 pandemic has had a devastating impact on the global economy. In this paper, we use the Phillips curve to compare and analyze the macroeconomics of three different countries with distinct income levels, namely, lower-middle (Nigeria), upper-middle (South Africa), and high (Canada) income. We aim to (1) find macroeconomic changes in the three countries during the pandemic compared to pre-pandemic time, (2) compare the countries in terms of response to the COVID-19 economic crisis, and (3) compare their expected economic reaction to the COVID-19 pandemic in the near future. An advantage to our work is that we analyze macroeconomics on a monthly basis to capture the shocks and rapid changes caused by on and off rounds of lockdowns. We use the volume and social sentiments of the Twitter data to approximate the macroeconomic statistics. We apply four different machine learning algorithms to estimate the unemployment rate of South Africa and Nigeria on monthly basis. The results show that at the beginning of the pandemic the unemployment rate increased for all the three countries. However, Canada was able to control and reduce the unemployment rate during the COVID-19 pandemic. Nonetheless, in line with the Phillips curve short-run, the inflation rate of Canada increased to a level that has never occurred in more than fifteen years. Nigeria and South Africa have not been able to control the unemployment rate and did not return to the pre-COVID-19 level. Yet, the inflation rate has increased in both countries. The inflation rate is still comparable to the pre-COVID-19 level in South Africa, but based on the Phillips curve short-run, it will increase further, if the unemployment rate decreases. Unfortunately, Nigeria is experiencing a horrible stagflation and a wild increase in both unemployment and inflation rates. This shows how vulnerable lower-middle-income countries could be to lockdowns and economic restrictions. In the near future, the main concern for al
Consulte Mais informação »
Pfizer COVID shots appear 73% effective in children under 5Pfizer’s says its COVID-19 vaccine was 73% effective in protecting children younger than 5 as omicron spread in the spring.
Consulte Mais informação »
COVID Experience Could Affect Fall Booster ImmunityAmericans could have different immune responses to the latest COVID-19 vaccines this fall based on how they first experienced the coronavirus.
Consulte Mais informação »
Jill Biden has ‘rebound’ COVID-19, president is negativeFirst lady Jill Biden has tested positive for COVID-19 again in an apparent “rebound” case, after she initially tested negative for the virus over the weekend.
Consulte Mais informação »
Posts mislead about advantages of natural immunity to Covid, 'dangers' of vaccinationAustralian social media users claim a new study proves natural Covid-19 infection provides better protection against the disease than vaccination, citing a graph that appears to show hospital admissions in the state of New South Wales. The posts, shared hundreds of times, go on to say that vaccinated people are developing acquired immunodeficiency syndrome (AIDS). However, the author of the study -- which has not been peer-reviewed -- told AFP it had been 'distorted', saying vaccination was still the best protection against the disease. Medical experts have previously told AFP that there is no evidence that Covid-19 vaccines can cause AIDS.
Consulte Mais informação »
Less than 2% of NYC infants and toddlers are fully vaccinated against COVID-19Only a tiny fraction of infants, toddlers, and preschoolers in New York City have received a full course of COVID-19 vaccines: Less than 2% of children between 6 months and 4 years of age are fully immunized. Only 6% have gotten at least one dose.
Consulte Mais informação »