Helpful though they might have been, Donald Trump’s tax cuts not only have begun to wear off – his simultaneous trade spat with China and his readiness to plunge the federal government into as many shutdowns as it takes to get the funding for his pet border wall project have started to leave their marks on the US economy, too.
It is a metaphor often mentioned in relation to yesterday evening’s voting in the Commons: the unicorn. And it is an apt choice. For the fairy-tale qualities of that mythical creature exactly mirror the qualities of the decision MPs have taken with regard to the amendments to the Withdrawal Agreement with the EU.
It is a remarkable, recurring feature of American elections: House, Senate, and of course, Presidential races get all the attention when in fact, many of the day-to-day policies relevant for households and businesses are made elsewhere: In the governor mansions and, to a somewhat lesser extent, the state houses.
They are of peculiar relevance as much as imminence for the Indian economy: Non-financial or shadow lenders are the country’s backbone of infrastructure investment. Now these very institutions have slid into trouble.
Ouch! Yesterday’s manufacturing PMI numbers for the UK have confirmed the bleak projection of our UKES in the worst possible manner.
As of this June, updates of the SiNGES, our one-stop economic indicator for Singapore, will be available as podcasts, too.
Here’s the first edition:
The confusion about Brexit has just become considerably greater. Yes, the government has survived voting on the amendments to its EU Withdrawal Bill without a formal defeat. Yet that was achieved only at the price of an increased danger of the Prime Minister’s eventual downfall later on by aggravating the factional infighting in the Tory party.
All over the months in between 2011-2015, retail sales growth in Hong Kong lost steam continuously, falling to a multi-year low of almost -20 per cent year-on-year at the beginning of 2016. Once among the stars of retail hot spots, the city state lost out to direct competitors such as Singapore as much as upcoming cities in Asia and the Gulf states.