Discover and read the best of Twitter Threads about #GDP

Most recents (18)

The HMF stated that through the implementation of the ERGP developed in 2017 by President @MBuhari’s administration, the Nigerian economy has achieved 7 consecutive quarters of GDP growth since exiting recession. #FinMinNigeria #ERGP
According to HMF, GDP grew at an annual rate of 1.93% in 2018 compared to 0.82% in 2017 representing an overall increase of 1.11% year-on-year. #FinMinNigeria #GDP
As part of President @Mbuhari’s administrations successful effort to diversify the economy, and deepen non-oil economic performance, the HMF reported a non-oil GDP growth of 2.70% as at Q4 2018 representing a 0.38% increase in growth compared to Q3 2018. #FinMinNigeria #Revenue
Read 6 tweets
#Nigeria's #GDP growth remains just above 2% YoY in Q1 2019, albiet lower than in Q4 2018.
#Nigeria: Real #GDP continues to grow at slightly more than 2% YoY in Q1 2019 (+2.01%). However, this represents a slowdown from 2.38% growth in Q4 2019, and is still well below growth levels before the 2014 oil price crash.
#Africa
The slowdown came from both lower non-oil growth (+2.47% vs +2.70% in Q4) and a deeper contraction of oil #GDP (-2.40% vs -1.62% in Q4). It was the 4th consecutive quarter of decline in the #oil sector.
#Nigeria #Africa
Read 11 tweets
#India might cause the collapse our economy as the #US did with the #USSR- #Alarm bells are ringing.We have no choice but to #beg.I fear starvation, #poverty and unemployment.” Dr #KaiserBengali, Dean of Science and Tech in #Karachi Warned #Pakistan 😏🇵🇰
Pak Economy dead!
2: Dr Bengali, a former advisor for Planning and Development to the Chief Minister of #Sindh province, spoke yesterday at a hotel in #Lahore at the launching of his research titled State of the Economy 1990-2015; Economy on a Roller Coaster –And Stuck in the Mud
3: #Pakistan’s economy over a quarter of a century, examined three sectors: major crops, minor crops and large-scale manufacturing.
“Average #GDP growth of 4 per cent cannot be expected to raise the per capita income sufficiently to reduce poverty,” the study states.
Read 11 tweets
#Panel discussion on "What is the new normal for #CESEE?"
@wiiw_news #wiiwSpringSeminar
Vizek: "Very strong public sector, lot of informal economy. Croatia experienced slow growth before, so new normal not really new. But political willingness to reform very low."
Zubovic: positive trends in #Serbia: - rapid #growth in #IT sector over last 3/4 years w/ 3% to 6% share of GDP - Huge Chinese #investments, but with #externalities - Macroeconomic #stability, no fiscal #deficit anymore - foreign #debt declining - Substantial growth of #GDP
Read 14 tweets
Preliminary observations on #TurkeyElections:
1) The opposition (#Nation bloc) making major gains, including the capital Ankara & Antalya.
2) HDP proved to be kingmakers - swayed votes to the #Nation bloc.
3) AKP losing significant votes & mayors to its #Peoples bloc partner MHP.
Preliminary prediction on #TurkeyElections: AKP cadres have seen that #Erdoğan's strategy of framing the elections around the theme "existential threat" has backfired, and will start complaining of losing votes, municipalities, & spoils to their ultranationalist partner #MHP.
Of #Turkey's 12 largest cities, the opposition is winning at least 7: #Ankara, #İzmir, #Adana, #Antalya, #Mersin, #Eskişehir, & #Diyarbakır. The largest city #Istanbul is a toss-up! #Bursa, too, is too close to call. AKP is losing Turkey's economic power houses. #TurkeyElections
Read 18 tweets
Importance of #Remittances is significant.
@POTUS @RealDonaldTrump has previously floated the idea of partial to complete #Confiscation or #Tariff on monetary #Remittances to #Mexico and other Latin American/Caribbean Nations from within the US. by illegal immigrants. (1) .
Monetary #Remittances to #Mexico and other Latin American/Caribbean Nations from US. by illegal immigrants by % #GDP in 2016:
Mexico-2%
Honduras and El Salvador-20%
Haiti-25%
@Potus can strike at the heart of these nations influx of cash by allowing illegals to send $ home. (2)
Monetary #Remittances to #Mexico and other Latin American/Caribbean Nations from US. by illegal immigrants make up a significant portion of money going to some of the most corrupt governments in the hemisphere. Foreign aid... (3)
Read 6 tweets
#IDES ofMARCH THREAD:
GOT THIS? #NoTaxReturns = #Mobster
MT @CREWcrew: Your daily reminder that #Trump is the first President Elected since #Nixon to refuse to release his #taxreturns, and any payments from Russia remain secret tinyurl.com/yyda3bo3 and we are at War w #ICC
@CREWcrew #IDESofMARCH THREAD:
BY DESIGN #ICC is the enemy of West Civ. They are global promoter of #homophobia #misogyny #racism. IT IS IN THEIR MOB CODE and most are BORN into it. BELIEVE And Share. They are Maggots ON Society and Exposure Weakens them.
@CREWcrew #IDESofMARCH THREAD:
JOURNOS MUST READ CJC #POKE THE BEAR published 11/3/17 Something was wrong. At first, it was just instinct. During the GOP primaries, things weren’t adding up for us with Trump. tinyurl.com/ybuk3z6v @JamesFourM @ninaandtito @lauferlaw @carolecadawalla
Read 17 tweets
The new @wiiw_news Handbook of #Statistics 2018 contains updated key #macroeconomic & structural indicators for 22 economies in #CESEE serving as easy-to-use reference tool & facilitating comparisons across topics, countries & time.
wiiw.ac.at/wiiw-handbook-…
Thread: 1/11
New features of the 2018 ed. include e.g.
- new key indicators at #regional levels
- #wages & #investment data by activity now also available for #Turkey
- comparable #structural breakdown for all countries
Find below examples of some conclusions from the newly released data
2/11
All countries in #CESEE experienced positive #economic #growth in 2017, clear leader was #EUCEE with average real GDP growth of 4.9%. Ten economies achieved their highest real #GDP growth rates over the last 5 years.
3/11
Read 11 tweets
There is severe confusion about the meaning of #economicgrowth. Many seem to mistakenly think that it has to do with #GDP or producing stuff. It does not. Economic growth means that an economy's ability to satisfy people's wants, whatever they are--that is, to produce wellbeing--
increases. GDP is a rather terrible way of capturing this using [public] statistics, and is thus corrupted by those benefitting from corrupting such figures. GDP is not growth. Likewise, having more stuff in stores isn't growth. Producing increasing quantities of stuff that
nobody is willing to buy is the very opposite of economic growth: it is wasting our limited productive capacity. But note the word 'willing'. Wellbeing is not about [objective] needs, but about being able to escape felt uneasiness. It can turn out to be right or wrong, but that's
Read 24 tweets
#GDPbkser 1/n Whenever the GDP base is updated for a fast growing economy, the weights on fast growing sub-sectors increase & on slow growing sub-sectors decrease. The new series therefore shows lower growth rt than old in yrs prior to new base & raises it for yrs post new base.2
#GDPbkser (2/n): If memory serves, historically avg GDP gr rt in yrs btwn old & new base yr has been adjusted down by an avg of -0.5% to -0.75%! The current revision is ~2x the historical avg! Thus reweighting would have lowered past GDP gr rt from 8% to 7% to 7.5%! ...3/
#GDPbkser (3/n) So what needs greater analysis is the rest of decrease in GDP growth rate ie the reduction not explained by re-weighting (~-0.65% ). Some points made by critics are either only partially valid or invalid. (a)Comparing chng in nominal gr with chng in real gr...4/
Read 9 tweets
Ok, some thoughts on the #GDP back series calculated by the #CSO. First, the MCA 21 database on which much of the new methodology is based simply did not exist before 2006-07....More importantly, it was not comparable before 2010-11.
Given the importance of MCA 21 for the GDP calculations, I suspect former chief statistician TCA Anant just did not want to bring out a back series when the MCA21 was not available... and the only alternate was CMIE Prowess data...
The problem that anyone will have in the current back series will not be about methodology. It will be about the assumptions and alternate data sources used for calculations because comparable data did not exist
Read 8 tweets
1) Columbus Day 2018 is half time at the 2018 Mid-Term Bowl. The score is GOP 17 and Democrats 16. Let’s recap the first half.

#BlueWave #RedWave #2018MidTermElections

medium.com/@DBCopa/half-t…
2) Going into the game the Democrats were riding their #BlueWave of enthusiasm. They were so confident America was tired of all the lies and sordid behavior of Coach Trump that the Democrats could win the game easily.
3) They laughed at their good fortune every time a GOP player would pledge to work closely with their coach; such easy pickings.

#BlueWaveComing2018
Read 23 tweets
Why GDP and GNP should NOT be used as reference points for measuring the size of #Ireland economy? Two charts: 1) The two measures are not even on-trend with the real demand, 2) The gap between MNCs-shenanigans in Irish Nat. Accounts & the real domestic demand is MASSIVE 82% +
+ So for all my learned friends, esp in the likes of @CatoInstitute @FraserInstitute @danieljmitchell et al: what your Indices of Economic Freedom rankings for #Ireland reflect is the vast transfer of economic power from the residents of Ireland to Multinational Corporates. +
+ As long as you continue to reference Irish GDP as a base for your Indices, you will miss the true extent of over-regulation, over-taxation, cronyism, corruption imposed onto ordinary Irish people, businesses, & entrepreneurs, by the monopolization of Irish policies & politics+
Read 19 tweets
Don't believe that Blukip Mayhem & Co realise just HOW far adrift they have become from public opinion NOW! Of course, they could put ANY deal? Big IF? to a #peoplesvote, and test the will of the people to which they love SO much to defer? Democracy? Do they really believe in it?
Hard to escape the view that 'so called' UK Democracy has been completely hijacked by Blukip Mayhem & Co. There's NO mandate to trash our economy in the way now daily unfolding. It's totally risible to suggest that we'll go global from the self-inflicted wreckage of what we had.
Triple hit from #Brexodus; deferred, reduced or cancelled #BusinessInvestment and collapsing consumer #Confidence look likely to impact UK #GDP when #Q2 stats are known. Will Blukip Mayhem & Co take any notice? Or just keep racking up yet more debt, as UK #TaxTake recedes!
Read 11 tweets
"Apa Yang Kita Perlu Faham Mengenai Hutang Negara?"

Ditulis oleh: Ayman Rashdan Wong
(Ini adalah untaian)
#Malaysia #MalaysiaDebt #Debt #Hutang #FinanceMinister #MalaysiaBaharu #Ekonomi #GDP #Economy #EkonomiTerkini
Silakan retweet dan like
Tengok timeline penuh dengan ulasan tentang hutang negara, dari ulasan pakar hingga ulasan macam pakar hingga ulasan kalah pakar. Tangan den pun terasa gatal nak tulis, tapi memandangkan ini bulan Ramadan, jadi usahlah menimbulkan perbalahan.
Cuma, sebelum berbincang dan berdebat berkenaan hutang negara, ada beberapa konsep asas yang perlu difahami.
Read 20 tweets
This is the type of absolute denial of facts and reality occupying the #MAGA crown. There is no where in America, not one state, where the average gas price is not higher, generally by between 40-50 cents, according to the AAA, not known for faking basic data for partisanship.
The link to where you can see this for yourself is provided. I just looked at all fifty states. No state has longer cost gas today than a year ago. And for this particular statement to be true, the cost would actually need to be approx $1.30-$1.50 cheaper than current averages.
For many places, that would mean it being down by almost 50% or more from the average price. Wherever this half of gas sale is, I’d love to know. So there are two options here: this person lives in the one place in America where gas prices are at $1.75 or so, or they are wrong.
Read 19 tweets
The current dialogue about #DACA affects everyone in the US. How?

#Racism & #scapegoating & affect all minorities.

Deporting #DREAMers & undocumented #immigrants will have very negative impacts to the #economy. That affects everyone else. THREAD 1 #DreamActNow #immigration
The sociological concept of the “other” is important to this discussion. If you haven’t heard of it before, here is a brief overview from othersociologist.com/otherness-reso…. 2 #identity #race #sociology #Science
People in power define social identities as they have the means to control the narrative – news coverage, platforms to broadcast their platforms, & the power to influence law enforcement and legislation. Social identity affects how people perceive themselves and others. 3
Read 19 tweets

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