Tag

Fiscal Policies

All articles tagged with #fiscal policies

China's Economic Leaders Strategize Recovery Plan for 2024

Originally Published 2 years ago — by Global Times

China's top economic meeting, the Central Economic Work Conference, outlined measures to tackle challenges and boost economic recovery in 2024. Despite facing difficulties such as lack of effective demand and an uncertain external environment, Chinese policymakers expressed confidence in the country's economic recovery and long-term positive outlook. The meeting emphasized the need for comprehensive fiscal and monetary policies to promote growth, with expectations that China's GDP growth could reach 5 percent in 2024. The focus will be on maintaining reasonable growth in quantity, strengthening fiscal policies, and supporting economic recovery through prudent monetary policy. Other priorities include preventing and defusing risks in major areas, promoting high-quality development through innovation, expanding domestic demand, and supporting state-owned enterprises and the private sector.

business economy central-economic-work-conference china economic-recovery economy fiscal-policies growth-targets

Navigating the Era of Persistent Interest Rates: Assessing the Future of US Bond Yields

Originally Published 2 years ago — by The Guardian

Despite recent fluctuations, long-term interest rates are expected to remain above the ultra-low levels seen in the past, even as inflation subsides. The prevailing belief that government debt is a "free lunch" and that interest rates would stay low forever is being challenged. The idea of using central banks to purchase government debt, as seen in modern monetary theory, is flawed as it dismisses the risks of inflation and interest rate increases. The existing debt overhang and its implications are often ignored by proponents of spendthrift fiscal policies. The transition to higher interest rates could be challenging for European economies, and Japan may struggle to move away from its zero-interest rate policies. Policymakers and economists may need to reassess their beliefs in light of current market realities.

business economics central-banks economics fiscal-policies government-debt inflation interest-rates