NEW DELHI – Students in introductory macroeconomics courses typically used to learn about the paradox of thrift. This theory, popularized by John Maynard Keynes, states that if households decide to save more and consume less during a slowdown or recession (because of uncertainty about future income), then the resulting reduction in aggregate demand will aggravate the economic decline
Mikhail Lomtadze, the CEO of Kaspi.kz, has been recognized as the best business leader in Kazakhstan, according to PricewaterhouseCoopers’ (PwC) 2020 CEO Survey
NEW YORK – Governments around the world are responding forcefully to the COVID-19 crisis with a combined fiscal and monetary response that has already reached 10% of global GDP. Yet according to the latest global assessment from the United Nations Department of Economic and Social Affairs, these stimulus measures may not boost consumption and investment by as much as policymakers are hoping
In normal times, Bollywood star Amitabh Bachchan’s movie Gulabo Sitabo, billed as a family comedy, would have premiered on April 17 in more than 2,000 theaters across movie-mad India
The panic is past. But the pandemic is still with us. Businesses are preparing for a world in which the Covid-19 virus and other pandemic diseases are a recurring feature