Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 06, 2020

Sweden Hails Covid Plan, Indonesia Spend, Brazil Cuts: Eco Day

Sweden Hails Covid Plan, Indonesia Spend, Brazil Cuts: Eco Day

Welcome to Thursday, Asia. Here's the latest news and analysis from Bloomberg Economics to help you start the day:

  • Thousands of U.S. small-business owners are considering layoffs in coming months as they plow through government aid
  • Sweden's finance minister says the country's light-touch lockdown may have contributed to a less severe contraction in the economy
  • Indonesia's government will spend aggressively in the coming months to support a nascent economic recovery after measures to contain the coronavirus pandemic sent Southeast Asia's largest economy into its first contraction in more than two decades
  • A key battle over the future of fossil fuels and climate change will soon be decided in a sleepy corner of Australia
  • Cleveland Fed President Loretta Mester says it's “clear that more fiscal support is needed to provide a bridge” for households and small businesses
  • Thailand can spark a revival in foreign investment and stimulate its economy by creating alternative quarantine programs for foreign business travelers, according to a group of industry associations
  • Malaysia's technology cluster in Penang is helping drive an economic recovery that could see the country bounce back faster than any of its peers in Southeast Asia
  • Brazil cut its key interest rate by a quarter point to an all-time low and didn't rule out additional reductions as policy makers seek to stimulate an economy ravaged by the coronavirus pandemic
  • Activity in emerging markets has slowed even further, alternative data shows, writes Bjorn van Roye
  • Across Hong Kong, among the thousands of restaurants, shops, and other small businesses participating in support of anti-government protests, signs of defiance have emerged in the weeks

©2020 Bloomberg L.P.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com