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The impact of the rupee’s depreciation on India’s economy will likely be mixed, with the country’s import bill expected to be higher while export competitiveness may improve, a junior finance minister said. Source: bloomberg.com
While the country’s economy and currency are struggling, Japan’s property fundamentals remain strong. Source: scmp.com
Policymakers in the Asia-Pacific region are facing their toughest test since the COVID-19 pandemic, with few easy options, as they race to cushion their economies from an energy shock that is hitting harder and sooner than elsewhere. Source: reuters.com
Shipping disruptions in the Strait of Hormuz and surging energy costs due to the Iran war are threatening to derail one of the world’s largest economies, according to the Indian government’s latest economic report. Source: wsj.com
Thai Prime Minister Anutin Charnvirakul is close to unveiling a new cabinet lineup, handing him more power to deal with the challenges posed by the Middle East crisis, which is threatening the Southeast Asian nation’s growth outlook. Source: bloomberg.com
Self-employment, at both the high and the low end, is keeping consumption afloat — but for how long? Source: ft.com
Between TSA chaos and rapidly rising gas prices, March sent America’s economic outlook into a spiral. Source: businessinsider.com
The US and Israeli war on Iran is now a month old. In 30 days, the war has upended the world economy, affecting oil prices, markets, and travel. Source: businessinsider.com
Bank of Japan Governor Kazuo Ueda said on Monday the central bank will closely watch foreign exchange rate movement as it is among factors that have a huge impact on economic and price development. Source: reuters.com
Harvard economist explains why cryptocurrencies will never take the US dollar’s place, despite their popularity in underground economies. Source: scmp.com
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