However, the price of quantitative easing and monetary expansion is post-pandemic inflationary pressure. In theory, two opposing forces influence inflation. Higher money supply and lower production output (due to the damage inflicted on the global supply chain) may push up prices. On the other hand, the velocity of money circulation may drop as consumption and economic activities plunge, dragging down inflation. Only time will tell which force will prevail. Even then, nobody should be so complacent as to think that the economic downturn will make inflation unlikely. … [Read more...] about Is the worst over yet for global economy?
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The country ranks higher than several Asian neighbors including Cambodia (78), China (104), Thailand (114), Myanmar (127) and the Philippines (129), according to the 2020 edition of the annual index released this week by the Institute for Economics and Peace. … [Read more...] about Vietnam slips on global peace index
Shoppers in Đà Nẵng give entrance tickets to security guards before entering a local market yesterday. Starting yesterday, people in the city will use the tickets to go to the market every other day. — VNA/VNS Photo Quốc Dũng … [Read more...] about Infection from unknown sources predicted in coming days: ministry
Gov’t wants summer, national holiday plan prepared to boost tourism Deputy PM Vu Duc Dam has asked the Ministry of Labor, Invalids and Social Affairs, Ministry of Education and Training to cooperate with the Ministry of Culture, Sports and Tourism and relevant agencies to propose a summer and national holiday plan … [Read more...] about Additional day off for National Day from 2021
The Ministry of Natural Resources and Environment (MoNRE) said the emergency declaration when air pollutants concentration rise to dangerous levels was included in the draft law. The Prime Minister will be responsible to adopt national action plans, task municipal people’s committees and MoNRE to implement emergency measures in case air quality witnesses a drop on inter-provincial and inter-regional scale. Lê Hoài Nam, head of the ministry’s Environment Quality Management Department, said the declaration would be based on air quality monitoring indicators, environmental incidents or extreme weather events. According to Nam, heads of provincial people’s committees will take responsibility to develop air environment protection plans. “The plan includes the assessment of air quality and status quo in each locality, lists major emission contributors and presents potential solutions,” said Nam. “The draft law does not specify the measures … [Read more...] about Schools could close on bad air days: MNRE