Discover and read the best of Twitter Threads about #economy

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Daily Bookmarks to GAVNet 10/01/2020…
The emergence of strategic capitalism: Geoeconomics, corporate statecraft and the repurposing of the global economy | FIIA – Finnish Institute of International Affairs…

#economy #emergence #capitalism
Back to Basics — Values Transfer into Intelligent Systems through Conway’s Law | It's About Empathy – Connection Ties Us Together…

#empathy #basics #values #ties #connection #transfer #law #systems
Read 8 tweets
What does an average #Sindh #youth look like and what does an average Sindh youth #aspires for?
Find more about the #Hopes, #aspirations and #attitudes of Sindh youth through public opinion polling conducted by Gallup Pakistan.
Full Report:
According to past and latest consensus by PBS, #Sindh is a #youthful #province with #young people under the age of 19 make up 50% of the #population Image
Accounting for only 23% of #Pakistan's total population, #Sindh makes up 33% of #national #GDP, 70% of country's #incometax, 62% of country's #sales #taxes, and half of country's #seafood #export. Image
Read 9 tweets
A lot of talk about the role of the #Centralbanks going forward.

I think now would be a good time to recap the market bailout operations during the past few years.

So, a thread on the 'stealth socialization' of the financial markets by the central bankers. 1/20
#Fed #ECB
In late November 2008, the U.S. Federal Reserve announced it would start buying the debt of Government Sponsored Enterprises and mortgage-related securities in the secondary market.

In March 2009, the Fed extended the program to include US Treasuries. QE -program was born. 2/
The #Fed ran three sequential QE -programs.

The Bank of England started its QE program in March 2009, the Bank of Japan (BoJ) in October 2010, the European Central Bank (ECB) in March 2015 and the People’s Bank of China (PBoC) in July 2015. 3/
Read 21 tweets
Problem is the blind polarisation among the upper-crust - who refuse to see anything good in #Modi. Many had forwarded to me the clip of an MP criticising #PMCaresFund hailing her as the new start in parliamentarian. Same people not interested in #NirmalaSitharaman’s rebuttal.
2/n Similarly, not a word of condemnation for the pandemonium caused in #RajyaSabha (despite televised footage) by the opposition but all sympathies with suspended MPs protesting in the laws of Parliament House and lamenting the “death of democracy”. 3/n
3/n Same set of businessmen and industrialists who have been crying hoarse about labour reforms suddenly start talking like Trade Union leaders. Would love to see their reaction if the government withdraws the amendments in #LabourCodes 4/n
Read 5 tweets
This #SaudiNationalDay we honor our frontline workers and take a look at how KSA protected its residents, and the rest of the world…
For #SaudiNationalDay, we look at how King Salman’s leadership made a different in #SaudiArabia’s fight against #COVID19

How the Saudi Ministry of Commerce helped protect the economy during COVID-19

What Saudi Arabia’s Ministry of Commerce did to help protect the Kingdom’s #economy amid the #coronavirus pandemic

Read 25 tweets

#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.
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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
#NewZealand #Wellington #Coronavirus #ECONOMY

Statistics NZ announced on Thursday that the Gross Domestic Product ( GDP) of New Zealand had fallen by 12.2 percent during the June 2020 quarter.
It was a record drop for the GDP of New Zealand, an indication of the performance of the economy, and plunged the nation into recession. September 's government books showed that COVID-19 cost the nation $58.1 billion.
In the next two years, the Treasury expects unemployment to hit 7.8 percent, reflecting more than 100,000 Kiwis losing their jobs.
Read 3 tweets
#Germany #ECONOMY #Coronavirus

According to the Federation of German Industries (BDI), German exports will not collapse as much this year as previously feared because of better business in the People's Republic of China.
They are likely to fall by 13 percent because of the corona pandemic, according to the BDI economic forecast. In June, a drop of 15 percent was expected. The association is also somewhat less pessimistic about the German gross domestic product (GDP).
It is likely to collapse by 5.4 percent this year due to the corona. That would be a smaller minus than during the financial crisis 2009 with 5.7 percent. So far, the BDI had assumed a decline of 6.5 percent.
Read 3 tweets
#USA #WashingtonDC #Coronavirus #ECONOMY

The US current account deficit rose sharply in the second quarter. According to preliminary calculations, the deficit was $ 170.5 billion. Economists had expected a negative balance of $ 164.2 billion.
As the US Department of Commerce reported, the deficit for the first quarter was revised to 111.5 billion dollars, after initially a minus of 104.2 billion dollars had been mentioned.
In the financial and foreign exchange markets, the shortfall in the US trade and current account is being closely followed. US President Donald Trump has vowed to radically cut the trade deficit.
Read 3 tweets
#Russia #Moscow #ECONOMY #Coronavirus

The Russian central bank left its key interest rate at a record low of 4.25 percent, thereby interrupting the rate cut cycle as a result of the corona pandemic. In July the key rate was cut by 25 basis points to a post-Soviet low.
The central bank said it would consider further cuts at upcoming meetings. The Russian economy has been hit hard by the virus. The collapse in oil prices earlier this year also had a severe impact on industrial production and government revenues.
One third of Russian government revenues come from oil and gas sales.
Read 3 tweets
In a recent paper, with Alexander Chudik @DallasFed, M Hashem Pesaran @USCDornsife, @mraissi80 @IMFNews & @arebucci1 @JHUCarey, we develop a threshold-augmented dynamic multi-country model (#TGVAR) to quantify the #macroeconomic effects of #Covid19:… 1/n Image
Key challenges with the empirical #economic analysis of #Covid19 include the following: how to identify the shock, how to account for its non-linear effects, & how to quantify its effects while accounting for spillovers, common global factors, network effects and uncertainty. 2/n
We contribute to the literature by addressing these issues in a coherent multi-country framework. We offer an identification strategy for the #Covid19 shock considering that a synthetic control method cannot be applied in the context of a global #pandemic. 3/n
Read 23 tweets
#Germany #Coronavirus #ECONOMY

About half a year after the outbreak of the corona virus in Germany, one in five companies is still faced with severe negative effects. The economic situation of the companies has improved significantly
compared to the height of the crisis in spring, said the Institute for Employment Research (IAB) on Friday. In May every third company saw severe negative consequences for themselves.
A representative survey by the research institute of the Federal Employment Agency shows that the hospitality industry was hit hardest by the crisis. There, in May, the proportion of businesses with strong negative effects was 78 percent, currently it is 45 percent.
Read 5 tweets


New Zealand experienced a record drop in its gross domestic product in the wake of the corona pandemic. Between April and June, economic output shrank by 12.2 percent compared to the previous quarter.
There has never been such a high quarterly decline since comparable records began in 1987, said the national statistical office of the Pacific state. Compared to the same period of the previous year, the decrease was two percent.
The government imposed a strict lockdown at the beginning of the pandemic, which ended on June 8. However, the country's borders are still closed to most foreign visitors.
Read 4 tweets
#Iran #Teheran #Coronavirus #ECONOMY #TOURISM

In Iran, according to the government, the tourism industry is threatened with bankruptcy due to the crisis. “Up until now it was said that tourism is in crisis.
But if things continue like this, all investments will fizzle out and the industry would ultimately go bankrupt, ”said Tourism Minister Ali-Asghar Munessan in Tehran on Wednesday.
The entrepreneurs working in the tourism industry have had no income since February, but have had huge debts, said the minister, according to the Isna news agency.
Read 4 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
"It's the #Party #Sector, stupid" The shift 👇🏼is from autonomy of #PartyCapitalists with respect to everyday decisions & depend on self control to implement #CCP's goals, to explicit monitoring of key parameters like obedience of the #Party #Capitalist to #Xi's directives!🧐
2/cps #CCPchinaInc (2)Th freedom to decide what % of profits to take for personal use by party capitalist viz for party goals including maximization of growth &/or employment is being controlled more actively since 2014, and more desperately since collapse of growth & profits
3/cps #CCPchinaInc Most China experts don't understand #China's #Socialist #Market #Economy or the transformation of the #TVEs of the 1990s into the #PartySector of the 2000s (+ the e-economy created by new party members) 🧵
Read 4 tweets
Day 3: 𝗣𝗮𝗿𝗹𝗶𝗮𝗺𝗲𝗻𝘁 #MonsoonSession2020

Watch this space for 𝗟𝗶𝘃𝗲 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 Image
Legislative Business in #RajyaSabha :

- Institute of Teaching & Research in #Ayurveda Bill
-Salaries & Allowances of Ministers (Amendment) Bill
-#Homoeopathy Central Council (Amendment) Bill
-Indian #Medicine Central Council (Amendment) Bill
Papers & reports tabled, Zero Hour underway:

-@ghulamnazad raises issue of unemployment in #JammuKashmir
-INC's @PBhatacharyaINC bats for National #Helpline for Homeopathic treatment ImageImage
Read 44 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
#China #Bejing #ECONOMY #Coronavirus

Retail sales in China expanded in August for the first time this year. Compared to the previous year, they increased by 0.5 percent, according to official statistics published on Tuesday.
Analysts had expected zero growth after a decline in July of 1.1 percent. Industrial production grew by 5.6 percent for the year in August. Experts had expected an increase of 5.1 percent.
The data signals that the world's second largest economy is continuing to recover from the corona crisis, although tensions between China and the United States are mounting and the global demand outlook remains risky.
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A tremendous amount of ink has been spilled discussing the supposed quandary of the #equity market’s robust recovery since March, while at the same time #economic improvement has been more uneven and uncertain.
At the heart of this misunderstanding is an apples-to-oranges comparison: the fact is that the #stock #market and the #economy, while connected, are two meaningfully distinct entities.
As a case in point, the correlation between domestic corporate #profits and #GDP #growth collapsed in the 1990s and has hovered near zero for the past three decades. Image
Read 7 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
Although #China’s capital account today has basically realized convertibility, there remain many restrictions on cross-border #capital flows. What is a proper timing for China to open up its capital account? Prof Huang Yiping offers his perspectives:… 1/7
This is a controversial issue. Some believe China should step up efforts right now; others say it’s not a good timing. Prof Huang previously thought the best timing for this is when the macroeconomic environment is stable...2/7
...with strong growth, stable inflation, fiscal balance, balance of payments surplus, and a properly valued currency, because under these conditions investors are confident in capital account opening, and it’s easier to prevent against asset price slumps or capital flights...3/7
Read 7 tweets

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