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Covid is forcing economists to look at other disciplines for recovery clues | Economic recovery |
The upside is that the pandemic has forced economists to look beyond their mechanical models and embrace thinking from other disciplines, of which epidemiology is just one.
An individual's behaviour is also not entirely driven by their own economic circumstances. It can be strongly affected by what others are doing. If your peer group decides after having the vaccine that it is safe to go to the pub, that will probably affect your decision about whether to join your mates for a drink, even if you are slightly nervous. Sociology has a part to play in economic forecasting.
Biden's economic point man draws praise — and pushback - POLITICO
Allies laud Brian Deese's leadership on the stimulus negotiations, but he's rubbed some the wrong way.
National Economic Council Director Brian Deese speaks during a press briefing at the White House. | AP Photo/Evan Vucci
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The success of Joe Biden's presidency will be defined by his ability to end the Covid-19 pandemic and rescue the American economy. And that's thrust the man at the center of the initial response — Brian Deese — into the spotlight, drawing plaudits from allies but making him a target for critics who question whether he's up for the task.
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Expat Exodus Adds To Gulf Region's Economic Diversification Challenges | S&P Global Ratings
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MPs urge government to spell out economic and health impacts of easing lockdown | Coronavirus |
An influential group of MPs has urged the government to spell out the impact its lockdown-easing measures would have on economic growth and the number of coronavirus infections.
Calling for evidence to be published alongside the government's reopening road map to be announced on 22 February, the Treasury select committee said it would help the public to better understand the implications of restrictions and the costs and benefits of making changes.
Japan extends economic recovery as exports, capex shake off COVID hit | Reuters
TOKYO (Reuters) - Japan's economy expanded more than expected in the fourth quarter, extending the recovery from its worst postwar recession thanks to a rebound in overseas demand that boosted exports and capital spending.
"Conditions are such that Japan will not be able to avoid negative growth in the first quarter," said Takumi Tsunoda, senior economist at Shinkin Central Bank Research.
"There is a high possibility that there will be a repeating cycle of coronavirus infections spreading and being contained this year, which means that consumption is not likely to recover at the expected pace."
New York's Chinatown Sees Economic Challenges, 1 Year Into The COVID-19 Pandemic : NPR
The Lunar New Year usually brings big crowds to New York's Chinatown. But this year, businesses are already seeing fewer visitors and economic challenges are mounting for the neighborhood.
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