To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?
Connected ecosystem drives bolttech’s overseas success Ta Chien, Head of Brokerage, Vietnam at bolttech, said that with the new brand name, the company will become a member of the multinational corporation operating in three continents with strong financial and technology capability along with the ecosystem connecting customers and partners in many fields. … [Read more...] about Bolttech makes official foray into Vietnam’s insurance market
Recently, the Trang An tourism complex in the northern province of Ninh Binh is rather crowded. However, few among the tourists wore a face mask, even though notices about pandemic prevention measures are posted everywhere and hand sanitizer is readily available. Many staff members in the complex, including guards, ticket sellers or waiters and waitresses at local restaurants do not wear face masks. … [Read more...] about Citizens’ laxation poses big risk to pandemic prevention work