U.S. economic outlook is healthy and it should continue to act as the main sustaining force for the global economy unless some failures in individual markets and institutions suddenly and rapidly evolve and spread over the global economy.
The champions of new global order, claim globalization to be a panacea for every ill that our society is facing but they fail to take into consideration the local conditions, the glaring levels of poverty, the extreme form of malnutrition and rigid work cultures that still haunts a significant chunk of the world population.
The trade war between US and China is affecting the entire world’s economy including weakening rupee value.
The government’s commitment to maintaining macroeconomic stability — fiscal deficit and exchange rate are very major components of that — is expected to be total.
Is Trump playing hard ball to get China to the negotiating table for a better trade deal?