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You are here: Home / Archives for Business cycles in economics

Business cycles in economics

88% CEOs believe global economic growth will improve over next 12 months: PwC report

· April 16, 2021 ·

At the time when the whole country is in the battle against the COVID-19 pandemic, CEOs of the country are preparing themselves for the post-pandemic world. The latest survey conducted by PWC with 60 CEOs from India reveals that 88 percent of CEOs in India are confident about global economic growth improving over the next 12 months. Also, 70% of CEOs are also confident about growth revenue this year. This is further supported by the international monetary fund's recent projection of India’s economy to grow by 11.5 percent in 2021, making it the only major country with double-digit growth. CEOs across the industry are gearing up to ride the consumption wave, paired up with improved operational and technical efficiencies, this can lead to higher profitability. A majority of Indian CEOs see the USA and other developed countries as an export growth market. The strong economic performance of the developed economy, along with stimulus will provide an additional boost to exporting … [Read more...] about 88% CEOs believe global economic growth will improve over next 12 months: PwC report

Vietnamese businesses look to further optimize opportunities from CPTPP

· April 18, 2021 ·

Among 14 free trade agreements (FTAs) Vietnam has signed, the CPTPP is a new generation FTA with high standards and the highest level of facilitation. Vietnam has been forecast to be one of the members that benefits the most from the deal. However, the country has experienced challenges in optimizing the FTA because of its modest level of development and competitiveness. Due to US-China trade tensions and the impact of COVID-19, the global economy fell into crisis last year with interrupted supply chains. Vietnam also suffered an economic downturn. Therefore, after two years of implementation, the benefits from the CPTPP are still to be seen. Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), said that positive results in the two years of implementation include the reform of institutions and administrative procedures. Explaining the modest benefits so far, Loc said major reasons include the poor competitiveness of Vietnamese enterprises, market … [Read more...] about Vietnamese businesses look to further optimize opportunities from CPTPP

Viet Nam’s exports to the US expected to rise sharply

· April 18, 2021 ·

Lychee being canned for export to the US. Viet Nam's exports to the US in the first two months of the year accounted for $13.83 billion or 28.4 per cent of total exports. VNA/VNS Photo Vu Sinh Exports for the year as of March 15 were worth US$62.01 billion, a year-on-year increase of 22.7 per cent, according to the General Department of Viet Nam Customs. Exports to the US in the first two months of the year accounted for $13.83 billion or 28.4 per cent of total exports. In recent years the US has become Viet Nam’s biggest market. Last year, for instance, at $76.4 billion it accounted for 27 per cent of the latter’s total exports. Than Duc Viet, general director of Garment 10 Joint Stock Company, said there were several factors behind Viet Nam’s rapid growth in exports including to the US. Primarily, he said, the COVID-19 pandemic has gradually been controlled around the world, especially after several countries started vaccinating their populations, enabling many of them to … [Read more...] about Viet Nam’s exports to the US expected to rise sharply

Sustaining disaster management practices in the Philippines

· November 13, 2020 ·

The Philippines hit the global stage again last week when Super Typhoon “Rolly” struck the country. It prompted the Incredible Hulk himself, Mark Ruffalo, to tweet: “Pray for our brothers and sisters in the Philippines then get ready to send donations.” On one hand, it was great hearing from one of Hollywood’s finest actors air his concern for this side of the world. But on the other, I thought it sounded like it was yet another part of a vicious cycle of sending donations to places where typhoons just come and go. One would think that, with the Philippines experiencing an average of 26 typhoons in one year, we have become experts in disaster management. However, a closer look at how we do things does not necessarily reflect an improved approach. In fact, it shows it’s more important than ever to have a better disaster management plan in place. While it is worth applauding the efforts of the national government in implementing the necessary precautionary measures, such as the early … [Read more...] about Sustaining disaster management practices in the Philippines

Farmers struggle as shallots devalue to record low

· April 18, 2021 ·

There are more than 51,000 tons of unsalable shallots in Vinh Chau Town of Soc Trang Province. (Photo: SGGP) Mr. Ngo Hung, Secretary of the Party Committee of Vinh Chau Town of Soc Trang Province, on April 17, said that the price of shallots was at an all-time low, and the locality was carrying out many solutions to help farmers to consume their produce. The Economic Department of Vinh Chau Town informed that at present, there are more than 51,000 tons of shallots that cannot be sold. Earlier, farmers had harvested shallots massively from January to February, with a total area of 5,300 hectares. However, up to now, shallots have not been able to consume yet. The price of shallots packed in mesh net bags is currently from VND15,000 to VND20,000, while that of unharvested shallots grown on sandy soil is only VND4,000-VND5,000 per kilogram and VND9,000-VND10,000 per kilogram for those grown on field soil. Many farmers in Vinh Chau Town face difficulties because of the record … [Read more...] about Farmers struggle as shallots devalue to record low

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