Discover and read the best of Twitter Threads about #GDP

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Monetary policy committee keeps key policy rates unchanged, stance maintained at accommodative, says RBI governor. #RBIPolicy

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Recovery of aggregate demand hinges on private investment which is still lagging, says RBI Governor Das. #RBIPolicy

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Recent reduction in excise duty and state VAT on auto fuels should support consumption demand, says RBI governor. #RBIPolicy

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Read 18 tweets
🇺🇸 Economic impact of the infrastructure & #BuildBackBetter plans.

Our November baseline forecast includes both the bipartisan #infrastructure package and a $1.8tn BBB bill consisting of spending on social programs and climate initiatives via @OxfordEconomics Image
The $1.2tn #Infrastructure and Investment Jobs Act (IIJA) provides $550bn in new spending over the next 10 years.

We estimate it’ll boost #GDP growth by 0.1ppt in 2022 and 0.3ppt in 2023, with a cumulative 150,000 new jobs by the end of 2023.
Given that shovel-ready projects are a myth, we anticipate government outlays will only increase gradually, and the impact on #inflation will be minimal
Read 7 tweets
'नोटबंदी'वर जयराम रमेश यांना उत्तर!🧵

काल नोटबंदीवर टीका करताना माजी केंद्रीय मंत्री आणि काँग्रेसचे नेते श्री जयराम रमेश यांनी काही आकडेवारी दिली. त्याचे खंडन करताना आदरणीय श्री आलोक भट्ट @alok_bhatt यांनी खूप मस्त पुराव्यासकट उत्तर दिलं ते तुमच्यासमोर ठेवतोय.
29/10/2021 रोजी चलनात असलेल्या नोटा या 29.17 लाख करोड रुपयाच्या होत्या. यामध्ये झालेली वाढ ही 2,28,963 करोड रुपये होती आणि मागच्या वर्षीची वाढ ही 4,57,059 करोड रुपये होती. इतकेच नव्हे तर 2019 ची वाढ 2,84,451 कोटी रुपये होती.

आयआयटीयन असलेले जयराम रमेश हे कदाचित ही गोष्ट समजू
शकले नाही म्हणून त्यांना सांगावसं वाटतं की, जयरामजी आपण एकदम बरोबर रस्त्यावर आहोत.

2020-21 च्या दरम्यान नेहमीपेक्षा जास्त प्रमाणात लोकांनी आपल्या खात्यातून रक्कम उचलून आपल्याजवळ ठेवली होती. कारण कोरोनाची आपत्कालीन परिस्थिती होती आणि कधीही गरज पडू शकते म्हणून लोकांनी

Read 23 tweets
#Germany 🇩🇪 is overpaying for #climateprotection by 183 bln USD or 4.5 percent of #GDP. 📉🌍 @BjornLomborg #FalseAlarm #climate #economy /1
How can I argue this? First, I took #Germany's long-term #GDP forecast up to 2060 by the #OECD (2020-2050, in USD, dark blue line). /2
Then I corrected this #GDP #growth forecast with #Germany's expected average annual expenditures for climate protection estimated by the #KfW (ca. 5.2 percent of GDP annually!, green line). /3
Read 7 tweets
NEW: Consumer Sentiment Sinks Despite Progress Against Delta Variant via @KaylaBruun

#EconTwitter #GDP
When the Q3 #GDP report is released this morning, a weaker than previously anticipated growth rate will likely reflect the impact of the delta variant on consumer spending.
Delta is no longer the dominant driver of consumer sentiment.

Our Index fell 1.8 points in the 30-day period ending Oct. 21, despite positive developments: Daily COVID-19 cases fell, a higher share of the population is earning paychecks and the S&P 500 climbed 4.5%. #GDP
Read 6 tweets
The IHS Markit/CIPS flash UK #PMI rose from 54.9 in Sep to 56.8 in Oct, indicating the fastest expansion of the economy since July.

That's above the pre-pandemic survey average of 54.0 and indicative of roughly 0.7% q/q #GDP growth.
UK growth is looking increasingly lop-sided, however, with the upturn led by the services sector, and consumer-facing and hospitality firms in particular driving the expansion for a third month running. In contrast, manufacturing saw production growth slide to near-stagnation.
While the service sector continued to benefit from the opening up of the economy, factories have been besieged by a further worsening of supply chain delays and ongoing staffing issues, as well as falling exports and what appears to have been diversion of spend toward services.
Read 14 tweets
Q. What are fundamentals of economy?

A. GDP growth, unemployment rate, inflation rate, fiscal deficit of the govt, savings & investment rates in the economy, the domestic currency’s relative value against the US $, external debt, level of poverty & inequality, etc...

Read On👇
India's falling #GDP growth in last 5 yrs


FY21-22 GDP growth forecast➡️8.3%

That means, India’s GDP growth over the 2 yrs (FY20-21 & FY21-22) to remain 0.50%

Strong fundamental of economy🤷‍♂️

Read On👇
#UnemploymentRate was at a 45-year high in 2017-18.

As against the norm of 2%-3% unemployment rate, India started routinely witnessing unemployment rates close to 6%-7% in the yrs leading up to Covid. The pandemic made matters worse.

Strong fundamental of economy🤷‍♂️

Read On👇
Read 14 tweets
1/3. A thread on ballpark estimate of -1% China growth shock, IF really bad chain reactions as some China commentaries suggesting

#Evergrande Fallout LEADS To
#Real #Estate #Contraction -10% LEADS To
#China #GDP -1% LEADS to

#US and the rest of the world?
2/3. IMF paper @KamiarMohaddes etc. estimated in 2016, w. -1% China growth shock

GLOBAL growth - 0.23%.
#INDIA will be least impacted.
#ASEAN-5 countries (except Philippines), ranging between -0.23% and -0.35%
#EURO Area -0.12%
#UK -0.04%
#US -0.07%…
3/3. Caveats: written 2016. Estimates Statistical with wide band. China has further integrated with the world where it BOTH imports and exports significantly. Hope Prof. @KamiarMohaddes keep updating as it will be called up frequently next 30 years
Read 5 tweets
#rechterTerror in #IdarOberstein (#RLP): Letzten Samstag Abend ermordete ein 49-Jähriger den Kassierer einer Aral-Tankstelle per Kopfschuss - jetzt ist das Motiv bekannt: der Mann "lehnt Corona-Schutzmaßnahmen ab" und wollte keine Maske tragen. /MS…
Auch bezeichnend: Polizeilich unbekannt, ganzes Arsenal Waffen und Munition zuhause. Stochastischer Terrorismus und "Lone Wolf"-Mentalität... ich fürchte, da wird es noch einige Nachahmer geben. /MS #rechterTerror
Mehrere Politiker:innen, darunter #CDU-Landwirtschaftsministerin #Klöckner & #IdarOberstein-OB Frank #Frühauf, haben sich bestürzt über den #recterTerror-Mordfall geäußert. /MS…
Read 13 tweets
1/9 A thread of one potential negative wind for #China #growth next few months: manufacturing firms forced to halt production under energy/environmental constraints 能耗双控. Firms in #Jiangsu asked to stop production. Malls asked to delay opening for 1/2 hour to conserve energy.
2/9 Background: 2060 carbon neutrality goal, National Development and Reform Comm.(#NDRC) sets a staged road map2025/30/35. Each province, two annual hard targets need to meet: total energy usage growth and GDP per unit energy used. (in Chinese)…
3/9 AUG 7th, #NDRC graded each province in YTD red/yellow/green. Economically important provinces like #Guangdong, #Jiangsu #Fujian red for both targets. #ZheJiang yellow for both.…
Read 11 tweets
GDP Data: Looking back to see where we are!
Lot of ground to cover?

1. GDP is less than 2018-19. Higher by 2.39% from 2017-18. Nearly Static over 4 years.
2. PFCE is less than 2017-18. Consumers, the biggest contributors are struggling.

@SahilKapoor @dugalira @CafeEconomics
3. Govt. Final Cons Exp up by a CAGR of 3.75% over 4 years. Less than last year.

4. GFCF is less than 2018-19. CAGR of 0.82% over 4 years.
5. Inventory significantly less than 2018-19. Does it say something about business confidence?

6. Always lumpy. But not a great picture. Last quarter was one of the best. This is one of the two worst quarters in 4 years.
Read 7 tweets
1/n Thread on GDP estimates for Q1 FY22. The 20.1% growth is from a low base -- the economy had contracted 24.3% in the same quarter last year. So we are still playing catch up. Ideally, we should have done far better #GDP
2/n Also remember these are estimates based on data that has largely based on the big organised formal sector and then extrapolated. So it will definitely be revised as more data is collected.. informal data takes a lot longer to collect #GDP
3/n What should worry people is that the composition of growth. While government spending is driving a lot of growth and some sectors like manufacturing and construction is doing well, the private consumption data is worrying #GDP
Read 5 tweets
South Africa’s #unemployment rate increased by 1,8 percentage points to 34,4% in Q2:2021 compared to Q1:2021.

#COVID19 Impact on data collection for the Quarterly Labour Force Survey (QLFS).

Read more here:

#StatsSA #unemployment #employment
There were about 54 000 less people employed in Q2:2021 than Q1:2021.

Read more here:

#StatsSA #unemployment
Read 20 tweets
Voltamos com a série #RaioXdosPaises ! Hoje trouxemos a Finlândia 🇫🇮.

O país mais feliz do mundo!

Comente o próximo país que deseja ver aqui.

#finlandia #finland #idh #hdi #pib #gdp #geografia #geography
Read 5 tweets
"An Eco-wakening" - "Measuring global awareness, engagement & action for nature" - ©️The Economist Intelligence Unit Limited 2021- commissioned by #WWF

Panel includes #WEF, #Avaaz, etc. Funding: #MAVA.
[p. 3]

Measuring social license required for financialization of #nature. Image
Economist Intell. Unit : "Through a global network of more than 650 analysts & contributors, the EIU continuously assesses & forecasts political, economic & business conditions in more than 200 countries."

#CorporateCoup of the commons

#COVID19 as catalyst. #NaturePositive Image
“This research shows how much people value the natural world, their willingness to make changes [] & their increasing calls for leaders to take meaningful action." [p. 5]

"New Power" - "The ability to harness the connected crowd to get what you want" - Heimans, Purpose/Avaaz ImageImageImageImage
Read 5 tweets
How to facilitate Digital Services Economy transitions in next decades?
Together with @dseinnovations team and @setcoingroup we develop #ESG transformation framework and roadmap for governments, international organizations, corporations funds & LP’s
Check overview in thread👇
#humancentric Global Economy
Benefits of services economy to local countries & #gdp growth
People become main asset of digital services economy
Next 👇
Read 14 tweets
Super excited to see our paper on #Covid19 #Fiscal Support and its Effectiveness, with Alexander Chudik @DallasFed & @mraissi80 @IMFNews, out in Economics Letters. You can read it (free access) from here: #TGVAR 1/n Image
With new variants/waves & reimposition of restrictions in some regions, governments around the world are calling for a careful assessment of the effectiveness of the adopted #Covid19 #fiscal measures before they embark on further easing or tailoring of measures 2/n
The #Covid19 pandemic led to a sharp tightening of global #financial conditions at the acute phase of the crisis and has inflicted large economic losses across the world (see Figure below) ... 3/n Image
Read 28 tweets
US #PMI data from @IHSMarkit show the economy surged in May, led by the largest expansion of consumer services activity on record. #GDP growth could reach double-digits as the economy opens up, adding further pressure on the #FOMC. More at
@IHSMarkit Here's the latest @IHSMarkitPMI US survey data tracked against historical @FOMC policy decisions, highlighting the unprecedented surge in economic activity ...
@IHSMarkit @IHSMarkitPMI @fomc This economic boom in the US is being accompanied by price rises which far outpace the rate of inflation seen in other countries, with the PMI's index of prices charged for goods and services at a record high by some margin in the US....
Read 4 tweets
#WorldEnvironmentDay 2021 is being observed at the most difficult of times with India battling on two fronts - 2nd wave of #COVID19 has caused devastation, and evidence shows that the country has not augured well on environmental norms.

A look at 10 major environmental concerns:
2020 was the 8th warmest year on record, and 2016 was the warmest ever, followed by 2009. 12 of the 15 warmest years were recorded during the past 15 years (2006-2020), and 2011-20 was the warmest decade on record.

This is a warning for India. Here's why…
Environmental degradation is a cause of concern for agriculture, with rising use of insecticides, pesticides, which is contaminating soil, ground water.

GoI has launched a mission for organic farming but only 2% of India’s 140M hectares of farm land is used for organic farming.
Read 11 tweets
#RBI leaves rates unchanged as it lowers #GDP growth projection to 9.5%, targets 5.1% inflation

#RBIPolicy #ShaktikantaDas…

By @pabsgill Image
@pabsgill Unlike the first wave where the economy came to standstill under a national wide lockdown, the impact on economic activity is expected to be relatively contained in the #SecondWave with restrictions on mobility being regionalised and nuanced: Shaktikanta Das.

#RBI #RBIPolicy
@pabsgill “The favourable base effects that brought about the moderation in headline inflation by 1.2% in April may persist through the first half of the year conditioned by progress in #Monsoon and effective supply side interventions by the government.” said RBI governor, Shaktikanta Das.
Read 4 tweets
"There are no surprises in the 10-page Press Note issued by the National Statistical Office on the provisional estimates of Annual National Income for 2020-21," said Former union minister P. Chidambaram at a press conference on #GDP numbers. | reports @fewcan
@fewcan 2020-21 has been the darkest year of the economy in four decades. The performance in the four quarters of 2020-21 tells the story, Mr. Chidambaram said. | reports @fewcan
@fewcan Mr. Chidambaram said, "When the first wave of the pandemic appeared to subside last year, the Finance Minister and her Chief Economic Adviser began to sell the story of a recovery. They saw “green shoots” when no one else did. | reports @fewcan
Read 10 tweets
Just in: State Bank of India has downgraded its growth projections for this year from 10.4% to 7.9%, with an upward bias linked to the 'fervent hope of 1 crore #vaccinations per day beginning mid-July as per Government projections'. | reports @tragicosmicomic
@tragicosmicomic India's #economic recovery will now be 'W-shaped' instead of the 'V-shaped recovery' anticipated earlier. | via @tragicosmicomic
@tragicosmicomic This #GDP projection assumes a real GDP loss of Rs.4.2 lakh crore, a normal situation post-July and the possibility of no third wave. | @tragicosmicomic
Read 5 tweets

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