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India’s secret stimulus should be a warning sign

India rupee

India’s Prime Minister Narendra Modi has an election to fight. So naturally, his government is touting statistics that show 7 percent gross domestic product (GDP) growth in the fiscal year that ended last month, despite skepticism from the International Monetary Fund (IMF) among others. As for jobs, the official version is that since there’s such high growth in output, they ...

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Why central banks in Asia region can’t pull the trigger

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Asia’s central bankers should consider themselves lucky: Unlike their counterparts in the West – with a few exceptions – they have the scope to combat an economic downturn and low inflation through traditional tools. What they may lack, though, is the will to use those assets en masse rather than the ad hoc efforts to date. India made a surprise ...

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London’s road-blocking protesters will not stop

Extinction rebellion protests in london

Measured by attention received, or noise made, London’s climate change protests have been a rousing success over the past week. As ever, there are doubts about whether the campaign of civil disobedience will make any real difference; but it does pose questions about the limits of democratic politics in the age of legislative gridlock. With their banners, their graffiti, their ...

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