IMF urges China to prioritise consumption-led rebalancing, curb industrial policy
The IMF calls on China to shift towards consumption-led economic growth and implement stronger fiscal measures to support domestic demand amidst a record trade surplus.
China’s Lunar New Year sees modest rise in consumer spending, early data shows
Consumer spending in China during the Lunar New Year saw a modest increase, influenced by extended holiday measures and government efforts to stimulate demand.
Gasoline and diesel will not receive fiscal stimulus; average price of Magna remains under $24.00 per liter
Regular gasoline (Magna) is currently sold at an average price of 23.57 pesos per liter in Mexico, as there will be no fiscal stimulus for fuel taxes this week.
Government's Stock Market Stimulus Policy Likely to Deepen Labor-Capital Polarization
Recent analysis indicates that the Korean government's policies aimed at boosting stock prices may exacerbate the polarization between labor income and capital income.
Gasoline and diesel, without fiscal stimulus; minimum price of Magna remains at $17.98 per liter
As of February 6, regular gasoline (Magna) is priced at a minimum of 17.98 pesos per liter, with no fiscal stimulus applied to the related tax, according to a decree from the Treasury Department.