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Business 5 years ago
PREMIUM
World Bank’s worst-case scenario for Indonesia just got worse
A new World Bank report suggests Indonesia’s economy is more vulnerable than previously assumed with greater risk to the downside should the vaccine rollout, consumer confidence or labor market recovery take longer than expected.
Business 5 years ago
From checks to child poverty, US economy awaits Biden stimulus
A flood of money for Covid-19 vaccines, stimulus checks and unemployment benefits is set to flow into the US economy this week, with Congress's expected approval of President Joe Biden's US$1.9 trillion stimulus package.
Business 5 years ago
Dollar near two-month highs on relative strength of US recovery
The view was bolstered by moves in Washington toward fast-tracking more stimulus spending that contrasted with concerns about extended European lockdowns and expectations for a decline in euro zone growth this quarter.
Business 5 years ago
Asian stocks weaken on stimulus worries, dollar holds firm
Asian stocks dipped on Tuesday, retreating from record highs as lingering concerns about potential roadblocks to the Biden administration’s US$1.9 trillion stimulus weighed on sentiment, dragging US Treasury yields to three-weeks lows.
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