Governments should consider tax reforms, including more wealth and windfall taxes, a reduction of regressive tax cuts and loopholes and the clamping down of tax havens by firms and high-wealth individuals, the report said. ![]() There should also be more public investment in economic and social infrastructure to boost employment, raise productivity, improve energy efficiency and reduce greenhouse-gas emissions. The UNCTAD suggested that countries look at overdue wage increases and continue to create jobs. "Under current supply-chain challenges and rising uncertainty, where monetary policy alone cannot safely lower inflation, pragmatism will need to replace ideological conformity in guiding the next policy moves." "Focusing solely on a monetary policy approach - without addressing supply-side issues in trade, energy and food markets - to the cost-of-living crisis may indeed exacerbate it," the UNCTAD said. ![]() Multiple item orders plant multiple trees Floating Quote Love all, trust a few, do wrong to. This situation is a result of the rush to fix interest rates after years of ultra-low rates with global policy makers failing to lift inflation in that time or to generate healthier economic growth, the UNCTAD added. Together we will plant one tree for every frame or sign purchased. The silver lining is that this spare capacity will alleviate global shortages and bear down on price pressures, Simon MacAdam, Capital's senior global economist, said. This official slogan tells the story of the delivery boys of the Navy, the fliers of Squadron VR21 who still fly around the world in those old fashioned airplanes with the propellers. It said the latest global manufacturing Purchasing Managers' Index - which measures industrial activity - indicated global industries "have weakened significantly and are set to perform worse in the coming months as high inflation and rising interest rates take their toll." We have done so much for so long with so little that we can now do practically anything with nothing. A new note by Capital Economics on Tuesday echoed the UNCTAD findings.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |