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...To turn things around, China would do well to revive a playbook it has used in the past — announcing a reform framework and then acting on it....
...Despite the procession of interest-rate increases by the Federal Reserve aimed at quelling inflation, the US economy was “chugging along” with even a mild recession looking unlikely, Prasad said....
...A few politically well-connected conglomerates have accounted for a significant share of growth, leading to a concentration of economic power....
...Eswar Prasad, professor of economics at Cornell University, said: “The Fed’s conservative approach is being vindicated by incoming data and by financial market participants dutifully falling in line with...
...“A multitude of indicators are now flashing red, signalling a perilous period ahead for China’s economy and financial markets,” said Eswar Prasad, professor of economics at Cornell University and former...
...At a minimum, such innovations pose risks to the integrity of central bank money....
...Prasad said the good numbers from the US contrasted with bleaker outlook elsewhere in the global economy....
...Eswar Prasad, economist and professor of trade policy at Cornell University, said the decline in dollar terms was probably due to exchange rate factors and some “persistent weaknesses in some of China’s...
...“The economic mood ought to be lifting right now, because if you look around the world the US seems to be doing better than anticipated and China seems to be stabilising,” said Eswar Prasad, a professor...
...“The remarkable strength of the US labour market, the stubborn persistence of inflation, and the continued easing of financial conditions undercut the case for imminent interest rate cuts,” said Eswar Prasad...
...,” said Eswar Prasad, professor of economics at Cornell University....
...Prasad noted that the US was still posting “steady growth” but that other advanced economies were in a “parlous state”, with several facing dismal prospects....
...“These inflation numbers presage a rockier period ahead for the Fed,” said Eswar Prasad, a professor at Cornell University....
...a banking meltdown....
...while also not prematurely declaring victory against inflation,” said Eswar Prasad, economics professor at Cornell University....
...Beware fiscal fairy tales I warned in my column last week In a timely warning, Eswar Prasad, senior fellow at the Brookings Institution, highlights China’s tendency to delete data series that show worrying...
...Eswar Prasad, a professor at Cornell University, said Trump’s remarks were “a symbol of the dire and extremely worrying threats made by Republican candidates to the independence of the Fed”....
...Over the past decade and a half, writes Eswar Prasad for the IMF, China has contributed 35 per cent of the world’s nominal gross domestic product growth, while the US accounted for 27 per cent....
...Silk: A History in Three Metamorphoses, by Aarathi Prasad, William Collins £20, 368 pages Join our online book group on Facebook at FT Books Café...
...financial regulators] are quite aware of the fact that using these targeted measures goes against their attempts to commercialise the banking system and stop interfering in credit allocation,” said Eswar Prasad...
...“The Fed clearly doesn’t want to jinx its run of good luck by prematurely advertising any rate cuts,” said Eswar Prasad, a professor at Cornell University....
...Eswar Prasad, a professor of trade policy at Cornell University, said Raimondo’s visit had “at least put a floor on the US-China relationship”....
...China’s top leaders have said the economy is on the right course and “no panicky stimulus measures are needed”, said Eswar Prasad, a senior fellow at the Brookings Institution think-tank....
...Ravi Shankar Prasad, a senior BJP leader and former information technology minister, described opposition claims that the government was responsible for the possible attacks flagged by Apple as “false and...
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