The Reserve Bank of India (RBI) has increased its monetary tap to meet government funding needs. Although the magnitude is nowhere near bad practices around the globe, the option of debt monetization remains tempting, whereas the Indian government should implement reforms instead.
Article 50 was extended for a second time during a special EU summit on 10 April. The new cut-off date is 31 October, the date by which the UK must have approved the Withdrawal Agreement (WA) and have translated it to domestic law. An earlier departure is possible as soon as the UK ratifies a withdrawal deal with the EU.
At first glance, the economy of the United Kingdom hasn’t suffered much from Brexit. However, appearances are deceiving and the steady growth of the past two years masks underlying Brexit damage.
Economic Update Dutch version
Government spending could prove a welcome boost for economic growth this year, while industry is expected to contribute less. High employment supports further consumption growth, despite rising pessimism among consumers.
Article 50 was extended during the EU Summit of 21-22 March. The new cut-off date is 12 April, the deadline for UK to either approve the Withdrawal Agreement or come up with a follow up plan that includes a decision on holding European Parliament (EP) elections.
Economic Quarterly Report Dutch version
Dutch economic growth will slow to 1.6 percent in 2019 and 2020. Net exports will decline due to lower global trade. Household consumption and private investment will also contribute less to growth.
An extension of article 50 is highly likely now that the British Parliament approved this outcome on 14 March, However, given complications around holding a third meaningful vote on the deal, the final decision on the extension could come as late as 29 March.
Our early warning system based on the yield curve continues to point at a recession in the United States in the second half of 2020. However, our ‘recession radar’ suggests that the US economy is not in recession yet and is not likely to be in the near term.