Showing 1 - 5 of 5
Will the global economy stall?
News, Eswar Prasad and Caroline Smiltneks, Published on 21/04/2025
» The timing could hardly have been less propitious. Just as the world economy was showing signs of stabilising, the odds of a policy-induced global recession have risen significantly. The latest update to the Brookings-FT Tiger index reveals a mixed picture, with the financial index declining and private-sector confidence crumbling even as macroeconomic data (which lag the other indicators) suggest a more benign scenario.
The global recovery winds down
Oped, Eswar Prasad, Published on 12/10/2022
» The post-Covid recovery has run out of steam. The latest update to the Brookings-Financial Times Tracking Indexes for the Global Economic Recovery (Tiger) shows that growth momentum, as well as financial market and confidence indicators, have deteriorated markedly around the world in recent months, many countries are either in or on the brink of outright recession.
Nepal, Thailand and Buddhism
News, Ganesh Prasad Dhakal, Published on 16/05/2022
» According to the lunar calendar, Sunday, May 15, was a full moon day, which coincides with the birthday, enlightenment day and passing away of Gautam Buddha. Therefore, it is the most important day for followers of Buddhism all over the world.
Buddhism and Nepali-Thai ties
Oped, Ganesh Prasad Dhakal, Published on 26/05/2021
» Today is the most important day for followers of Buddhism all over the world. According to the Lunar calendar, today is full moon day, which coincides with the birthday, enlightenment day and passing day of Gautama Buddha. Different countries celebrate this day in different names but the essence and importance of the day is similar. Thai people celebrate today as Visakha Bucha Day whereas Nepali people celebrate it as Buddha Jayantee. The United Nations celebrates today as Day of Vesak. In recognition of Buddhism's contribution to world peace and harmony, the United Nations recognised in the year 1999, "the Day of Vesak". Such recognition is a matter of pride for all of us.
Anatomy of the coronavirus collapse
Asia focus, Eswar Prasad and Ethan Wu, Published on 27/04/2020
» The world economy is on the precipice of its worst crisis since World War II. Economic activity, financial markets and private-sector confidence are all cratering. And if international cooperation remains at its current level, a far more severe collapse is yet to come.