Discover and read the best of Twitter Threads about #Economy

Most recents (24)


#Turkey #Ankara #Lira #ECONOMY #Intrestrates

The subdued economic outlook for the Fed, on the other hand, was less well received by the market. According to the Bloomberg news agency, the Fed fueled the flight to “safe havens”, which hurt one currency in particular -
the Turkish lira. The US Federal Reserve made it clear on Wednesday evening that it would not touch interest rates until the end of 2023. The lira recently continued its most recent series of losses against the US dollar.
On Thursday the rate fell to 7.5574 lira per dollar, making the Turkish currency cheaper than ever against the American greenback. The lira had lost against the dollar on 13 of the last 14 trading days. The decline continued on Friday, albeit more slowly.
Read 12 tweets
Insights number 🔢on entrepreneur👨‍💼👨‍💼

#Entrepreneurs were asked for their thoughts on COVID-19, the impact of lockdown on their business decisions, and why they set up a business.

A Thread ☘️👇

69% of lockdown entrepreneurs agreed that lockdown gave them the push they needed to start a business of there idea.

@yourstacks @BUSlNESSBARISTA

73% of lockdown entrepreneurs said that lockdown has provided them with the perfect opportunity to focus on what they really want from their career and there business.
Read 7 tweets
🟢 What is the State of the European Union #SOTEU debate? It's an important moment of #EU #democracy, when MEPs hold the @EU_Commission to account, checking on work done & the #FutureofEurope.

🎞️by @Europarl_EN

#NextGenerationEU #EUGreenDeal @boell_stiftung @boell_EU_USA
Read 25 tweets
Summarizing #BasicIncome @ $196B/yr
Avg cost $5,214 non-taxable

🆘20 Million Canadians
💰 Min $18,329 floor
🛑Perm Job Losses
🚑 Masks & Preventatives
🚑Essential Workers
⛑️BI Helps #CEWS by 📢#CreatingJobs
♿️#RaiseTheRates for #PWD

RT & #SpreadTheWord Image
How many Employers result in Permenant Job Layoffs because they can't commit to hours...

A #BasicIncome is also a means to protect these workers from loosing Weeks to Months of Income before they qualify for benefits. It's FASTER than EI. It's FASTER than Welfare.
How many mothers need to work 2 or 3 jobs just to pay the rent and bills? Sacrificing #FamilyQualityTime is not helping our society increase benefits of life by not having enough time for family outings, and experiences that can benefit creativity in the workplace.
Read 13 tweets
#HappiestMindsIPO looking to raise 110Cr,got bids worth 58000Cr

Retail subscribed 71 times
HNI subscribed 351x

Overall,#IPO was subscribed a massive 151 times,highest for a IPO in recent history

After Aug #PMI at 52,this is yet another positive

Non-life #insurers saw 10.38% rise in premiums in Aug@Rs 17623.25Cr

General insurers saw #premium collection go up 5.57% in Aug2020 to Rs13139.63Cr

Biggest gainers in premium were standalone health insurers,who saw 36.42% rise in premiums to 1462.92Cr 💪

#GreenShoots #Economy
If one thing should have been big news,it is $40billion valuation of #YONO,SBI's digital lending platform

YONO got 2.7Cr users in just 6 months--It disburses 70Cr worth loans every day,largely to #MSMEs

YONO is biggest start up by any legacy bank,#SBI in this case💪

Read 5 tweets
A short thread of the non-recovery of the global #economy.

Let's start on the PMI -fallacy.

With the PMI:s all figures above 50 signal overall increase, compared to previous month, while figures below 50 signal a decrease. 1/10
During the lockdowns, PMIs crashed to range of 20 to 40, signalling a massive decrease in expectations and production.

Now, the PMIs are mostly in a range from 50 to 60. What does this imply?

The easiest way is to consider PMIs in terms of percentage changes. 2/
So, when index dives to 30, it signals a decrease of (roughly) 40 percent.

How long does it take for the underlying series (production, sales, new orders, etc.) to recover to the level it was at before the decline?

Note: All percent changes are relative. 3/
Read 10 tweets
This is the #DemPartyPlatform for 2020.This part deals with building a #StrongerFairerEconomy
The economy is not working for the American people.Only 1 party has a platform for the next 4 yrs/the other has a loyalty pledge to a malignant narcissist who threatens our democracy1/14
#Democrats pledge a new economic contract that raises wages and restores workers’ rights to organize, join a union, and collectively bargain. One that at last supports working families and the middle class by securing equal pay for women and paid family leave for all. 2/14
#Democrats know American families need a new economic contract that provides access for all to reliable and affordable banking and financial services. 3/14 #DemPartyPlatform #ForThePeople #BankingAndFinance
Read 14 tweets
This is the #DemPartyPlatform for 2020.This part deals with building a #StrongerFairerEconomy
The economy is not working for the American people.Only 1 party has a platform for the next 4 yrs/the other has a loyalty pledge to a malignant narcissist who threatens our democracy1/15
The economy is not working for the American people. In a matter of weeks, the abject failure of the Trump Admin to competently respond to the #COVID19 pandemic erased all the job gains made since the Obama/Biden Admin pulled the country out of the Great Recession 2/15
President Trump inherited the longest economic expansion in American history from the Obama-Biden Administration, and he squandered it. 3/15
#DemPartyPlatform #TrumpChaos #EconTwitter
Read 15 tweets
The Epoch Times National Poll was conducted by Big Data Poll and interviewed 2,169 likely #Voters nationwide sourced via voter file-verified online survey panels from Aug. 26 to Aug. 30, 2020.

Here were the findings (Thread👇)…
“Mr. Biden’s edge with seniors has slipped, and the president is outperforming his minority vote share from 2016 by a modest but statistically significant degree.”

#JoeBiden holds a potentially dwindling lead over President Trump, and voters expect the incumbent to win.
#Biden leads among female voters 49% compared to Trump at 35%, while Trump leads with male voters 46% to 41%.

In rural America, where #Voters are currently the most enthusiastic about voting in November, the president leads 52% to 36%.
Read 27 tweets
<< 𝙇𝙤𝙖𝙣 𝙈𝙤𝙧𝙖𝙩𝙤𝙧𝙞𝙪𝙢 >>

#SupremeCourt’s Justice Ashok Bhushan led bench to shortly hear plea(s) seeking waiver of loan interest during moratorium in view of the pandemic situation.

#loans #moratorium #banks #interestwaiver
Bench has assembled.

Yesterday, when the plea(s) came up for hearing, the bench adjourned the matter to today in order to go through the affidavit filed on behalf of the Centre for its stand on interest on loans during moratorium.
Senior Advocate Rajiv Dutta is making submissions.
He is taking the bench through the sequence of events since the RBI Notification for moratorium came into effect.
#loans #moratoriumextension #interestwaiver
Read 73 tweets
This week’s #sundaybrief gathers policy lessons for and from India in #health #economy and #urbanplanning. 1/4
#EconTwitter @CafeEconomics compares the macroeconomic variables of India’s previous economic crises with the current shock. He argues that the #COVID-19 crisis is different, and calls for developing a new policy response. 2/4
What's adaptive control? Our fellows and collaborators @VaidehiTandel, @anup_malani,@BettencourtLuis, @satejsoman and @jonathangruber1 discuss a few lessons from India for tackling COVID-19 3/4

Read their article in @apoliticalco
Read 4 tweets
Catch our Director Dr @laveeshbhandari interact with young, budding economists and share about our initiatives on creating a sustainable and inclusive world! @UNCTAD @yahindiadelhi @aashima_arora_ @NikkhilKalia
Register: ImageImageImage
"#Economic #Growth is leading to a fall in #employment for women due to a structural shift in the #economy. Due to technological advancement - demand for agri labourers, most of whom are women working on small family farms is reduced." -@laveeshbhandari (1/11)
"I am not saying it is right. Fall in demand is for all landless labourers, who are generally unskilled and not just women." - @laveeshbhandari (2/11) Read more: @narendramodi @thegwpfcom @JoeAgneya @alindaMjan @anshuman1tiwari @capt_amarinder @smritiirani
Read 12 tweets
As we are nearing the #COVID19 #economy #shutdown , schools likely to reopen , #moratorium and Govt pay checks to end soon , let’s see the likely scenario which may play out socially and economically

countries such as India, South Africa, and Brazil are rapidly
experiencing rising levels of social and economic destruction as millions of people that were just about managing have been tipped over the edge by the
pandemic. Even the world’s richest countries are not immune.
The dramatic slowdown in the global economy,
coupled with severe restrictions on movement, has resulted in mass job losses over the last few months. With no income or social support, millions of people cannot afford enough to even eat.
The International Labour Organization estimates that the equivalent of 305 million
Read 12 tweets

It was Soooo Beautiful! Just What America Needed!
-Thread 8.25.20… #Trump2020 #RNC #Convention
2. News: Here it is: President Trump releases 2nd term agenda subtitled ‘FIGHTING FOR YOU’ - The Trump campaign set forth the president’s core priorities in the form of 49 bullet points in 10 categories...… #Trump2020 #RNC #Convention
3. News: ‘Success brings unity’: Republicans rally around President Trump in Charlotte… #Trump2020 #RNC #Convention
Read 83 tweets
10 #GST deadlines/forms for FY20 that need to be complied with,by 31stAug 2020👇

1)#GSTR-4:It is an annual form to be filed by composition dealers

2) ITC 03:#ITC 03 is a form that is filed in special circumstances when input tax credit that has been availed,has to be reversed
3)#ITC-04 is related to job workers &submitted by the principal every quarter;Details to be furnished in ITC-04 are

i)Goods sent to job workers

ii)Goods received back from job workers or sent out from business place of job-work

4)#GSTR-5 is submitted by taxable #NRIs

5)#GSTR-5:It is submitted by #OIDAR service providers

6)#GSTR-6:It is filed by input service distributors,within 13 days from end of month

7)#GSTR-7:It is filed by #TDS deductors&furnished within 10days after end of month in which tax has been deducted at source
Read 5 tweets
@RickSantorum #AC360 #GOPConvention @POTUS .@realDonaldTrump #2020Election #coronavirus #economy #Biden @Stepien_Bill #GOP
I always say that campaigns are about the future and not the past. Obviously, the President is going to tout his record on the economy, but I think he 1/
2/ and they need to focus more about what they're going to do in the future. I think he has an opportunity here - just like he did four years ago - to connect with working men and women.. many of whom have definitely been hurt by this pandemic. They're going to look to who's
3/ going to turn this country around and get it going again when the pandemic begins to subside. He's got to make the case that he's got a plan and that he's the guy that can execute it. He can point to the past, but I think with the Democrats - most of their Convention was
Read 6 tweets
WEF's Klaus Schwab: "In all likelihood, unless the #pandemic evolves in an unforeseen way, the consequences of COVID-19 in terms of health & mortality will be mild..."

New week-end thread w/ @spencerlatu

#Covid19 as catalyst for #WEF #greatreset
Written by Klaus Schwab & Thierry Malleret, Geneva, July 2020.

"Until 2011, Mr. Malleret was a senior partner at the Geneva-based IJ (Informed Judgment) Partners, an investment boutique for ultra-high-net-worth individuals."

#WEF #GlobalRiskNetwork…
"Malleret is the co-founder & principal author of the Monthly Barometer, an analytical and predictive newsletter on macro issues for high-level decisionmakers." - "Relevant to all; read by the influential"
Read 29 tweets
Post #Corona World #Economy World Economy shrink by more than 6% and all the Big Economy except India and China are in Negative Growth which means their Economy shrink.

#GDP Growth , 2020-21

India: 1.9%
China: 1.2%
Indonesia: 0.5%

Saudi: -2.3%
Turkey: -5%
Japan: -5.2%
Brazil: -5.3%
Russia: -5.5%
South Africa: -5.8%
US: -5.9%
Canada: -6.2%
UK: -6.5%
Australia: -6.7%
Germany: -7%
France: -7.2%
Spain: -8%
Italy: -9.1%

(Source: IMF)

India is currently Number 5 with 3.2 trillion USD GDP behind Germany, Japan, China and USA. Germany shrink
by 7% and Japan by 5.2%.

The complete supply chain which is shifting towards India and current Economic Policies will lead us to cross past Germany sooner than later.

India has to just maintain its focus on resolving their core problems.
Read 4 tweets
So biggest casualty of #Fed warning on #US #economy y'day, was #Gold,which dropped 3% to $1951.90 an ounce,within minutes of #FedMinutes

Silver too fell below $28

Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap

#CrudeOil whipsawed in tight range with #WTI at $42.83

#Fed's take on economic downturn was nothing new&yet markets collapsed

Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%

#Dollar had its best day in 2 months
So what does y'day's frenzied buying in #bonds indicate?Is the #RiskOn trade over?

Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
Read 7 tweets
#Venezuela #Caracas #economy #Collaps #Oil

Venezuela's economic situation worsened dramatically. The oil production of the Opec state is about to collapse. With that, the source of all the social benefits of the Maduro government are also drying up.
Because according to a current market analysis by the renowned consultancy @IHSMarkit, the country with the largest oil reserves in the world currently produces almost nothing. A decline of historic proportions.
With reserves of over 300 billion barrels, the country is sitting on a larger amount of black gold than even Saudi Arabia. A quarter of the proven global oil reserves are located under the territory of the Caribbean state.
Read 9 tweets
Anidst the #COVID19 pandemic,the @narendramodi govt came out with a slew of steps to help #MSME sector-- a Rs 40000Cr fund to help distressed units by way of #Equity, Quasi-Equity& #SubordinatedDebt, guaranteed to the tune of 90% by govt's #CGTSME is easing stress!

#Modinomics💪 Image
Read👇 to know about eligibility criteria of #MSMEs that qualify, difference between #SeniorDebt & Subordinate Debt,Intetest Rate that will be charged,etc..

#economy Image
Read 9 tweets
During prayer this morning I rejoiced because I'm not #homeless. The last time we had a politically motivated #financial recession, the pres bailed out banks & big corps instead of the citizens. Contrast 2009 with this year. And, yes, it should be obvious to any thinking person
that we have a severe economic disruption every decade. Why is that? Is it b/c there's a new admin every 8 years? Yes and no. Perhaps we should amend the law so @realDonaldTrump can remain in office until Jan 2029 so we can KAG permanently. Make it so, LORD God Yehovah!
@realDonaldTrump Americans are waking up to realize how blatantly demonic, lifelong politicians mess around with the country's financials to create the appearance of disaster so they can shuffle #money where they want it. This one backfired big time, though, b/c DJT loves the country and people.
Read 18 tweets
#Palestine #Ramallah #ECONOMY

Chairman and CEO of Arab Palestinian Investment Company (APIC) Tarek Aggad announced that the group achieved net profits after tax of USD 9.02 million in the first half of 2020,
with net profits attributed to APIC shareholders reaching USD 7.4 million. Revenues amounted to USD 423.03 million in the first half of 2020, a growth of 8.10% year on year.
Aggad noted that despite the relative decline in profits by 11.51% when compared to the same period in 2019. Aggad added that APIC increased its paid-in capital to reach USD 95 million by distributing six million in bonus shares to its shareholders, representing 6.74% at par.
Read 11 tweets
THREAD on my interview with Dr Manmohan Singh who said India was looking at a “deep and prolonged economic slowdown” #Manmohansingh #India #economy 1/16
Dr Singh suggested 3 steps to fix the economy: significant direct cash transfers to protect livelihoods and boost spending power; government-backed credit guarantees for businesses; and cleaning up financial sector through institutional autonomy & processes. #Manmohansingh 2/16
Dr Singh pointed to a consensus forming among economists over an economic contraction in India in nominal terms, "which if it happens, will be the first time in independent India".

"I hope the consensus is wrong," he said. #Manmohansingh 3/16
Read 16 tweets

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