LONDON – South Korea is all the rage these days. Earlier last month, Parasite, from the South Korean filmmaker Bong Joon-ho, won Best Picture at the Academy Awards. Having read the reviews and seen the film a few days earlier, I was not surprised. Still, for the uninitiated, it is worth noting that this was the first time that a foreign-language film took home the top Oscar. Now, many around the world are eagerly searching for more examples of South Korean coolness—from K-pop to cutting-edge fashion designers.
NEW HAVEN – With the benefit of full-year data, only now are we becoming aware of the danger the global economy narrowly avoided in 2019. According to the International Monetary Fund’s latest estimates, world GDP grew by just 2.9 percent last year—the weakest performance since the outright contraction in the depths of the global financial crisis in 2009 and far short of the 3.8 percent pace of post-crisis recovery over the 2010-18 period.
NEW HAVEN – Predicting the next crisis—financial or economic—is a fool’s game. Yes, every crisis has its hero who correctly warned of what was about to come. And, by definition, the hero was ignored (hence the crisis). But the record of modern forecasting contains a note of caution: those who correctly predict a crisis rarely get it right again.
WASHINGTON, DC – Imagine a man who has lived too extravagantly and eventually must go to the doctor for treatment of an acute disease, along with several other chronic conditions. The doctor prescribes a ten-day course of antibiotics, and advises his patient to start taking better care of himself. After three days of taking the pills and following the doctor’s orders, the man feels much better. But he finds the quiet life painful, so he forgets the medicine and his doctor’s advice and doubles down on debauchery.
KATHMANDU, Sept 21: Prime Minister KP Oli has announced that the government will increase the size of the economy to Rs 5 trillion within his current tenure. The current gross domestic product (GDP) stands at Rs 3.5 trillion.
Nepal is among the least developed nations with around one-fourth of its population living underneath the poverty line. It is heavily dependent on remittances, contributing to as much as 30 percent of GDP. Agriculture is another pillar of our economy, providing jobs to nearly 66 percent of population.
BEIJING, July 15: China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.
KATHMANDU, June 7: Nepal has the potential to double its Gross Domestic Product (GDP) per capita in the long run if it achieves the benchmarks of complete education and full health, the latest report of the World Bank states.
Finland came out on top of the United Nation’s World Happiness Report. The top 3 countries are all Nordic countries, with the region yet again living up to its reputation as one of the happiest regions in the world. New Zealand and Canada are the only non-European countries to make it into the top 10 happiest countries. The US and UK switched places in the ranking between the 2014 and 2016 period and the 2016 and 2018 period. Over the past two years the United States and the United Kingdom ranked 19th and 15th, respectively.
KATHMANDU, April 28: The Saving habits of Nepalis is expected to improve significantly in the current fiscal year, indicating that people are investing more than they used to about two and half decades ago.
KATHMANDU, Feb 21: Direct contribution of travel and tourism sector to the country's Gross Domestic Product (GDP) is estimated to have increased by 6.8 percent to Rs 91 billion in 2017, a study conducted by World Travel & Tourism Council (WTTC) shows.
BEIJING, Oct 25: China will not set a target to double gross domestic product (GDP) from 2021, a senior Communist Party official said on Thursday, as top leaders pledge to focus on better quality economic growth in the long term.
Agendra Kuwar is the president of Esri India that specializes on GIS technology. Kuwar was recently in Kathmandu to participate in the company’s first user conference in the city. Republica’s Prasansha Rimal caught up with Kuwar to talk about the company and its plans.
KATHMANDU, Jan 20: Nepal's gross domestic product (GDP) could reach Rs 13,100 billion (over $120 billion) in 2045, which is 39 percent more than with existing trading mechanisms, with accelerated power trade (APT) between India and Nepal, according to a report.
KATHMANDU, July 28: The revised Nepal Trade Integration Strategy (NTIS) has set a target of contributing at least 4 percent of gross domestic product by 2020 through export of products and services listed in the country's trade strategy document.