Discover and read the best of Twitter Threads about #GDP

Most recents (24)

"First, we need to acknowledge that our collective failures as humanity to live within planetary boundaries"

No. This is the failure of the capitalist system, & global/industrial civ. Not collective, but Anglo-led.

#NewDealForNature
#Financialization of Nature
["our collective failure"] to respect the wisdom of our ancient ancestors, [] & health experts...

Indigenous peoples rep. less than 5% of population, - yet manage 25% land & support approx. 80% all biodiversity. Instead of listening/learning - you turn a blind eye to genocide.
Club of Rome & partners turn a blind eye to ongoing torture, murder, rape, displacement of Indigenous Peoples (#WWF). Now, working w/ the corporations/entities that have plundered the natural world, you push for further displacement of #Indigenous via #NewDealForNature.
Read 9 tweets
Though it hardly needs to be said, there are few historical precedents for us to look to that are truly comparable to recent #Fed policy moves. The 2008/09 #GFC is an obvious analogue, but the pace and extent of #policy moves is even eclipsing that.
Another potential point of reference is the Second World War when, following Pearl Harbor, the @federalreserve pledged that it would be: “prepared to use its powers to assure at all times an ample supply of funds for financing the war effort.”
That stance, in effect, left the @federalreserve’s System Open Market Account’s (#SOMA) size at the mercy of #Congress and the Administration, which is a clear example of the #Fed doing “whatever it takes” to prevent unwanted increases in #yields to fund #fiscal crisis response.
Read 7 tweets
I see some are arguing that the economic hit from #coronavirus means we should now extend the #brexit transition period (or even #rejoinEU 🙄). They typically make up to four points – but none of them seem at all convincing… (1/6)
First, that it's now much harder for UK and EU negotiators to travel and meet in person. But so what? This is the age of video conferencing and the internet, and we can surely work around this... (2/6)
Second, that government energy spent on #Brexit negotiations would be better spent on dealing with #coronavirus. I have a little more sympathy with this point, but don’t we still have enough ministers, civil servants etc to do more than one thing at a time? (3/6)
Read 7 tweets
Delighted to share with you a new exciting #publication in @eLife from my previous lab at @CIB_CSIC that finally came out today.
This paper challenges the previously accepted model of how #microtubules / #tubulin #estructure changes upon #GTP #hydrolysis.
elifesciences.org/articles/50155
Microtubule #lattice #expansion has been previously thought to be consequence of GTP hydrolysis.
In this work, thank to the use of several #biochemical, #biophysical, and #bioinformatics techniques, showed that the #tubulindimmer expansion does not occur upon hydrolysis.
Microtubules shear-flow alignment and X-ray #fibrediffraction experiments together with #CryoEM data, and different use of analogues showed that #GDP-#BeF3 dimmers resembles the GTP bound state of tubulin, since BeF3 mimics the gamma-phosphate function of GTP, stabilising the MTs
Read 12 tweets
[Thread]
South Africa’s economy slipped into its 3rd #recession since 1994 in Q4:2019, shrinking by 1,4%. This followed a contraction of 0,8% in Q3.

#StatsSA #GDP #economy
7 of the 10 industries contracted in Q4:2019. Transport and trade were the main drags on overall activity. Finance, mining and personal services registered positive growth.

Listen here for more: bit.ly/2vpxFx2

#StatsSA #GDP #economy
The primary sector declined by 0,4% in Q4:2019. #Agriculture experienced its 4th consecutive quarter of negative growth, falling by 7,6%, while mining growth was driven largely by platinum group metals, iron ore & gold.
Listen here for more: bit.ly/2vpxFx2
#StatsSA #GDP
Read 10 tweets
Over the last 12 months, @isabellasaund and I have had the privilege of working with @socprogress to develop Australia's first Social Progress Index. amplify.csi.edu.au/social-progres… @CSIsocialimpact
@isabellasaund @socprogress @CSIsocialimpact Why measure #socialprogress? We live in a country that prioritises economic growth and #GDP over pretty much everything else. The logic goes that if economic progress increases, so should social progress.
@isabellasaund @socprogress @CSIsocialimpact But we know that's not the case - we know that the mining boom, while contributing to 28 years of unprecedented economic growth, has also had ongoing impacts on communities and the environment where mining companies have now left.
Read 25 tweets
Direct tax proposes a new optional #tax regime optional for taxpayers.
Under the new tax regime – tax rates are as follows
Up to 5 lakhs – 0%
5 lakhs to 7.5 Lakhs – 10%
7.5 Lakhs to 10 Lakhs – 15%
10 Lakhs – 12.5 Lakhs – 20%
12.5 Lakhs to 15 Lakhs – 25%
More than 15 Lakhs – 30%
DDT has been removed. #DDT will be taxed in the hands of individuals at their slab rate. With DDT scrapping, govt lets go of Rs 25,000 crore revenue.
Audit Turnover threshold has been increased from Rs. 1 crore to Rs. 5 crores. #Budget2020
Read 10 tweets
[1/n]. Budgetary allocation for #MGNREGA has been slashed from Rs. 71,002 crore in 2019-20 (R.E.) to Rs. 61,500 crore in 2020-21 (B.E.) viz. a fall of Rs. 9,502 crore (-13.4%). URL is bit.ly/2GI2cbf #UnionBudget2020 #EffectiveDemand #RuralDemand @kkuruganti @someshjha7
@kkuruganti @someshjha7 [2/n]. In comparison to #MGNREGA allocation of Rs. 60,000 crore in FY 2019-20 (B.E.), the rise in allocation in FY 2020-21 (B.E.) is just by Rs. 1,500 crore (viz. 2.5%). URL is bit.ly/2GI2cbf #RuralWages #KeynesianIntervention @businessline @Outlookindia
@kkuruganti @someshjha7 @businessline @Outlookindia [3/n]. In Budget at a Glance document (bit.ly/39223M3), nominal #GDPgrowth in 2020-21 over 2019-20 is expected to be 10%. It means that #MGNREGA allocation (B.E.) as %age of #GDP in 2020-21 is expected to be lower vis-a-vis what was there in 2019-20. #UnionBudget2020
Read 3 tweets
Budgetary allocation for #MGNREGA has been slashed from Rs. 71,002 crore in 2019-20 (Revised Estimates) to Rs. 61,500 crore in 2020-21 (Budget Estimates) viz. a fall of Rs. 9,502 crore (-13.4%). URL is indiabudget.gov.in/doc/Budget_at_… #EffectiveDemand
In comparison to #MGNREGA allocation of Rs. 60,000 crore in 2019-20 (B.E.), the rise in allocation in 2020-21 (B.E.) is just by Rs. 1,500 crore (viz. 2.5%). #unionbudget_2020 @newsclickin @sayantanbera @the_hindu @rozi_roti @NREGA_Sangharsh
@newsclickin @sayantanbera @the_hindu @rozi_roti @NREGA_Sangharsh Headline #retailinflation increased to 4.1% in 2019-20 (Apr-Dec, 2019) as compared to 3.7% in 2018-19 (Apr-Dec, 2018), according to #EconomicSurvey2020. URL is im4change.org/docs/497echapt… #MGNREGA #Budget2020 #FiscalStimulus #RuralDemand
Read 4 tweets
LIVE blog: Finance Minister Nirmala Sitharaman to present Budget 2020 at 11 am thenewsminute.com/article/live-b…
Copies of the Union Budget reach Parliament. Follow all live updates on #Budget2020 here: thenewsminute.com/article/live-b…
Live now: Union Finance Minister Nirmala Sitharaman tables 15th Finance Commission panel report. #Budget2020
thenewsminute.com/article/live-b…
Read 93 tweets
The #EconomicSurvey2020 was released on Jan 31, 2020. The theme - "Wealth Creation". This thread provides a brief summary of each chapter in Volume I.

#Budget2020
#BudgetWithCDL

@FinMinIndia @nsitharaman @nsitharamanoffc @SubramanianKri
@FinMinIndia @nsitharaman @nsitharamanoffc @SubramanianKri #EconomicSurvey2020 bats for allowing the "invisible hand" to do its job. Market should only be supported and not attempted to be controlled by the government. #Budget2020 #BudgetWithCDL
@FinMinIndia
@nsitharaman
@nsitharamanoffc
@SubramanianKri
#Entrepreneurship is key to wealth creation and India's journey towards a #5TrillionEconomy. #EconomicSurvey2020 argues for continued and expanded support for entrepreneurs. #Budget2020 #BudgetWithCDL
@FinMinIndia
@nsitharaman
@nsitharamanoffc
@SubramanianKri
Read 11 tweets
The 2.1% #GDP print gives "optical illusion" of an economy chugging along at moderate 2% clip at end-2019, but composition of growth reveals softer picture.

More than 70% of Q4 advance came from temporary collapse in imports, business investment subdued & consumers + cautious
Average 2.3% GDP advance in 2019 is marginally weaker than 2.4% print in 2017 but this is another optical illusion as most recent 3 Qs mark economy’s worst performance since the 2016 slump.
Even momentum headed into 2020 is softer than the 2.3% y/y print would indicate
Consumer spending only +1.8% in Q4 as households exercised more caution in the face of elevated policy uncertainty and moderating income growth.

In 2020, cooler employment trends and lower income growth prospects will lead consumers to gently rein in spending
Read 8 tweets
US Q4 #GDP thoughts: Consensus = 2.0% (BBG), Atlanta Fed 1.7%; NY Fed 1.2%; Hedgeye 0.07%. A friend of mine who loves to model this stuff has 0.7%. These are QoQ SAAR numbers, this means Q3 to Q4 growth rate which is THEN ANNUALISED @HedgeyeDDale
1/N
US Q3 GDP was 2.1%, so anything below this = slowing of growth in rate of change terms.

I don't see any upside to the above consensus number of 2.0%. I see a lot of potential downside.

The bond market in recent days is front running a combo of weak GDP growth, and #Corona

2/N
It's hard to know how much the bond market is due to GDP and how much due to Corona. Almost certainly both are having an effect on a huge reduction in 10Y yields from 1.95% (Jan 1) to 1.57% (now). This is a large move in 4 weeks!

3/N
Read 14 tweets
@Ndjour 1/
Second, Nicholas.
👏🏿👏🏾👏🏽👏🏻👏🏿👏🏾👏🏽👏🏻
I use a dbl pronged descriptor:
We need Full-Faith & Complete-Confidence in the integrity of our elections🗽

In GA we haven't either..
".. or a distant cousin, twice removed .."
"Cripple, put the Keystone, on the table."

___ Da Vinci Code
@Ndjour 2
Starts w/ #ProprietaryAndConfidential
US Laws & then

#PrivatelyOwned &
#PubliclyFunded
GA Taxpayers own #ElectronicVotingDevices w/
#CorruptibleCode impacting public services, schooling, taxation, commerce, GA's #GDP etc.
Election results drive it & we can't inspect suspect
@Ndjour 3
code.
Documented, proven irresponsible #EMS methods & procedures have left GA voters private, personal & sensitive information available on the Web, for those who know how to find it.
There are at least 2 lawsuit's pending on these issues:
@CoalitionGoodGv &
@fairfightaction
Read 6 tweets
#PolizeiPolitik
In Hamburg finden am 23. Februar Bürgerschaftswahlen statt. Dass Gewerkschaften Wahlempfehlungen aussprechen, ist nicht unüblich. Wie die @GdP_HH das in Bezug auf die #HHWahl macht, ist aber sowohl inhaltlich, als formal problematisch. Warum? Ein Thread... ⬇️⬇️⬇️
Um die politische Rolle der #GdP #Hamburg einzuordnen, müssen wir paar Wochen zurückgehen zum Anfang des Jahres. Mit mehreren Posts solidarisierte sich die Hamburger GdP nicht nur Kolleg*innen in Sachsen, sondern legte auch Kritiker*innen Worte der Verachtung in den Mund. /1
Die Kampagne gegen das Gebot der öffentlichen Kontrolle von Polizei trieb am 6. Januar dann der Landesvorsitzende Horst Niens auf die Spitze, als er pauschal alle Menschen, die Kritik an Polizei äußern für ahnungslos erklärte. /2
Read 14 tweets
#BREAKING

#Lithuania #Vilnius

Last week #Lithuanian #parliament adopted the state #budget for 2020. The main #financial document of the #state was approved by the majority of voters.
It is sad to see how #Lithuania is #suffering without #money. Absolute #chaos – this is how they say in #Lithuania about the new budget.
So, state budget revenues are planned in the amount of 11.559 billion euros, expenses – 12.705 billion euros.
The budget deficit will amount 2.9% of the planned gross domestic product. In other words, the #Lithuanian #draft hardly met the requirements of #fiscal #discipline. The #budget #deficit for #EU member states should not exceed 3% of GDP.
Read 16 tweets
A tweet thread on #India's #Government #Finances
1. They are in a deep mess. The #Punjab #FinanceMinister came out of a #GSTCouncil meeting to suggest that the #UnionGovt may be close to a #SovereignDefault, because it is unable to p[ay out to the States's their share of GST.
That may be hyperbole. A sovereign default is when the Govt is so cash strapped that it is unable to service its debt. I'm not sure India is anywhere near that dire situation as yet.
But that does not mean that the Public finances are rosy. In fact they are dire in the extreme!
Read 14 tweets
1. #Bulgaria/n #economy 101! #Thread

#Borissov's government is proud that in 2018, #GDP growth was 3.2%, but how impressive is this and should you be impressed too?
2. #Bulgaria has the lowest #GDP/capita in the #EU, but it is not that small. Our population is ca 7.1 million. What does that mean? Lack of efficiency, but not only.

Graph credit: WorldBank
3. #Bulgaria has the lowest median earnings in the #EU. In 2018, the net salary was 457 EUR. Contrast with #Romania (565 EUR), #Poland (784 EUR), and #Greece (917 EUR).

Chart credit: reinisfischer.com/average-salary…
Read 16 tweets
12.🗣️📢Alert World leaders, citizens of the world, is attempting a coup d'état in #Bolivia.
🗣️📢Do not let that happen.
🗣️📢Evo Morales is one of the great leaders of the 21st century.
🗣️📢Protect democracy
🗣️📢Protect Bolivia
#regimechange #ProtectBolivia #ProtectDemocracy
1. 🗣️📢Alert World leaders, citizens of the world, is attempting a coup d'état in #Bolivia.
🗣️📢Do not let that happen.
🗣️📢Evo Morales is one of the great leaders of the 21st century.
🗣️📢Protect democracy
🗣️📢Protect Bolivia
threadreaderapp.com/thread/1187148…
2. 🗣️📢Alert World leaders, citizens of the world, is attempting a coup d'état in #Bolivia.
🗣️📢Do not let that happen.
🗣️📢Evo Morales is one of the great leaders of the 21st century.
🗣️📢Protect democracy
🗣️📢Protect Bolivia
threadreaderapp.com/thread/1191853…
Read 90 tweets
#Moodys has pulled down its growth forecast for FY19 to 5.8%. Only surprise is why it’s not even lower. In the past year growth has collapsed from 8% to 5%. /1
@threadreaderapp

#India #CPI #GDP #RBI #bonds #inflation #ratecut #NBFC #jobs #credit #NPA #NCLT #growth
On the other hand #CPI is now at 4.6%. The laxmanrekha of 4% has been breached. A mix of drought, floods and unseasonal rain is driving food prices up. Core #inflation continues to fall to 3.7% reflecting the slowdown. /2
#India #GDP #RBI #bonds #ratecut #NBFC #jobs #credit #NPA
The wisemen and women of the economy have only one mantra - Cut, Pray, Hope. When in doubt cut rates.135 bps done but transmission is limited. We are told don’t look at nominal, real rates are still high. A single large cut is required. /3
#India #CPI #GDP #RBI #bonds #inflation
Read 16 tweets
1. In the past months I am often asked what I think of the #DeutscheBank's notional #derivative exposure, which as of Dec 31 2018, according to the bank's annual report, stood at a terrifying €43.5trillion (compare the German annual #GDP of €3 trillion).
Info @tbgstephen #Banks
2. To make it more real: The annual #GDP in the #EU is just €14.6 trillion per year, so the #DeutscheBank's derivative exposure is almost 3 times larger!
3. Reality is that the total in #DeutscheBank's report represents positions both long and short positons including hedging transactions.

#Banks #EU
Read 10 tweets
Something worthwhile to think of – people should stop comparing the economy's well-being to people's well-being. There simply is no constant relation between these two, we see it in most developed nations, like the US or Germany.

hbr.org/2019/10/gdp-is…

#GDP #Economy #US #GER
Furthermore, I have got some ideas to add: Even though it's a popular stance nowadays, especially on the liberal progressive left, we have to think about not weighing too much in the economy's well-being, bracing for an ill-prepared future of rising sea levels, melting polar caps
and more frequent natural catastrophes such as droughts and monsoon-like rainfalls, which are both equally going to hit the poor the most. As many have already exclaimed fervently, economic well-being might be our doom, and as populist as it might sound, it's got a true core:
Read 10 tweets
#OpportunityCost is the aggregate net cost of doing something, vis a vis 'not doing it' at all.

The initial project, option & prospect of #Brexit came with huge opportunity costs, which were too easily pre-discounted as #ProjectFear. 1/
The initial #Leave case, dramatised by the #BorisBus, contended that UK could save its £350m pw #EU 'gross membership contribution' and pass that 'saving' straight to the #NHS - as 'additional funding'. 2/
The #Leave case focused on saving UK's #EU gross membership cost in favour of #NHS.

It ignored regular #EU annual contributions back into a multiplicity of UK projects, which would obviously be stopped, if we ceased membership.
3/
Read 34 tweets
Corporate Bond Market in India - A snapshot

Corporate Bond Market comprises of all the debt fund-raising/ financing/ fund mobilisation activities by Corporates through debt capital market instruments - Debentures or Bonds. Read on to know more about this market. Thread 1/12
As per SEBI data, the total outstanding corporate bonds in India aggregate to ~ Rs. 30.63 lakh crore.

This is about one third the size of the G-Sec market as well as the aggregate of Bank credit (i.e. total outstanding loans of banks). 2/12
The accumulated value of all the Corporate Bonds outstanding is only about 16% of the GDP.

In comparison, the size of the US corporate bond market to GDP is ~124%. It shows that the corporates in India rely heavily on banks. 3/12
Read 18 tweets

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