Economist articles
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China's Latest Data Could Worry Government Economists
China's manufacturing activity in April expanded for the second straight month, according to the country's statistics bureau, but by a slimmer margin than in March.The headline Purchasing Managers Index (PMI) announced Tuesday was 50.4, 0.4 points less than the growth shown in the March report, which had sparked hope after five straight months of contraction in the manufacturing sector.The new data indicates the world's second-largest economy has still not found its footing amid tepid consumer...
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Top economists push for Jobseeker boost in budget
Several economists have thrown their support behind a substantial increase in Jobseeker and youth allowance payments in the upcoming federal budget. In an open letter to the prime minister, the economists said the $386-per-week rate of Jobseeker welfare support was “inadequate” and failing to increase it would “entrench disadvantage in the community”. Rich Insight economist […]
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Nobel Prize-winning economist: Here's what Labour should do to improve the economy
"I really think they're under-promising," Stiglitz told City A.M. "They're not going far enough. I understand why they do not want to be as aggressive as I would be."