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The Weekly Recap (05.06.23 ~ 10.06.23) 🧵
Missed out anything from a week full of #Macro & #Markets? Don't worry - we got you covered.
Below we share all the updates & opinions threads from last week. Make sure to follow @prometheusmacro for much more.
Missed out anything from a week full of #Macro & #Markets? Don't worry - we got you covered.
Below we share all the updates & opinions threads from last week. Make sure to follow @prometheusmacro for much more.
1. We started the week by sharing updates on the latest #construction data. Overall, we noted that residential construction spending improved recently, that also flowed into our GDP Nowcast and real GDP estimate.
2. Next, we provided an update on the latest readings from our Market Regime Monitor and the latest Prometheus Trend Signals.
Key Takeaways from Month in Macro
1. Nominal #GDP slowed through April, with real GDP contracting by -0.47% and #inflation rising by 0.23%. #Nominal GDP has grown approximately 4.7% from one year prior, continuing the downtrend beginning in February 2022.
1. Nominal #GDP slowed through April, with real GDP contracting by -0.47% and #inflation rising by 0.23%. #Nominal GDP has grown approximately 4.7% from one year prior, continuing the downtrend beginning in February 2022.
2. During this time, #equity markets have posed significant strength (though lopsided), while #treasury markets have weakened in unison.
3. Looking forward, these sequential improvements have adjusted our #real growth outlook, with a #contraction in yearly real GDP growth more likely in H1 2024 than in Q4 2023. Our #inflation outlook remains one of resilient inflation.
@iltalehti_fi "-länsimaiset '#poliitikot' ”eivät aja omien maidensa etuja, vaan ovat #marionetteja globaalien #eliitti'en käsissä”:
#Zdokumentti eli #SateenkaariSanna
rumble.com/v2sqac2-z-doku…
#Zdokumentti eli #SateenkaariSanna
rumble.com/v2sqac2-z-doku…
@iltalehti_fi #Kusetus
@kokoomus
@Demarit
@vasemmisto
@persut
@keskusta
@KDpuolue
@sfprkp
@vihreat
cc: @ odefinn
Johan oli.. meidän onnemme että #Venäjä näkee läpi tuon Suomen valtiovallan kansan kusettamisen, ilman sitä olisimme todella #kusessa.
@kokoomus
@Demarit
@vasemmisto
@persut
@keskusta
@KDpuolue
@sfprkp
@vihreat
cc: @ odefinn
Johan oli.. meidän onnemme että #Venäjä näkee läpi tuon Suomen valtiovallan kansan kusettamisen, ilman sitä olisimme todella #kusessa.
@iltalehti_fi @kokoomus @Demarit @vasemmisto @persut @keskusta @KDpuolue @sfprkp @vihreat #Zdokumentti eli #SateenkaariSanna
- "länsimaiset '#poliitikot' ”eivät aja omien maidensa etuja, vaan ovat #marionetteja globaalien #eliitti'en käsissä”:
- "länsimaiset '#poliitikot' ”eivät aja omien maidensa etuja, vaan ovat #marionetteja globaalien #eliitti'en käsissä”:
Here is a thread about understanding GDP, Federal Spending, purpose of Federal taxes, Influence of Rich and wealthy on public policies, and Ignorance of the voters.
1/15: GDP measures the economy and spending; it's not rocket science, but politicians, media, and economists often pretend not to understand it to avoid government spending growth.
2/15: Federal Spending is necessary for economic growth; when it doesn't grow, recessions and depressions occur, even if non-federal spending grows. The economy needs government spending to grow.
@ir_rkp #Korsakov @MikaLintila
#Gasgrid. #LNG alus ei tuota #kaasua, vaan varastoi #Venäjä'n, aiemmin #Baltiasta ostettua, n. 3x hintaan.
@valtionomistus
- 10v. ajalta terminaalin kokonaiskustannuksiksi arvioidaan noin €460 miljoona, eli noin €126 000 päivässä
#Gasgrid. #LNG alus ei tuota #kaasua, vaan varastoi #Venäjä'n, aiemmin #Baltiasta ostettua, n. 3x hintaan.
@valtionomistus
- 10v. ajalta terminaalin kokonaiskustannuksiksi arvioidaan noin €460 miljoona, eli noin €126 000 päivässä
@ir_rkp @MikaLintila @valtionomistus #GreatReset=#SuurTyöttömyys-#Hätätila
#WEF-#Marxist -ideologia lahtaa yritykset #kaasu'lla. @valtionomistus
#Gasgrid Imatra #Räikkölä vs. #Korsakov.
- Korsakov on satamakaupunki ja piirikunta #Sahalini'n saaren eteläpäässä Venäjän Sahalinin alueella.
#WEF-#Marxist -ideologia lahtaa yritykset #kaasu'lla. @valtionomistus
#Gasgrid Imatra #Räikkölä vs. #Korsakov.
- Korsakov on satamakaupunki ja piirikunta #Sahalini'n saaren eteläpäässä Venäjän Sahalinin alueella.
@ir_rkp @MikaLintila @valtionomistus #Uniper-#Gasgrid #skandaali.
#YGLs veijarit keksivät roudata kaasun #Räikkölä'n sijasta näin. @TyttiTup
- #Prigorodnoje'n satama 10km #Korsakovi'n itäpuolella on #LNG'n vientiin erikoistunut satama
From: Port of #Korsakov
To: Port of #Gibraltar (->#Inkoo)
#YGLs veijarit keksivät roudata kaasun #Räikkölä'n sijasta näin. @TyttiTup
- #Prigorodnoje'n satama 10km #Korsakovi'n itäpuolella on #LNG'n vientiin erikoistunut satama
From: Port of #Korsakov
To: Port of #Gibraltar (->#Inkoo)
#RBIPolicy | @RBI’s Monetary policy Committee decides to maintain status quo, policy rate (Repo Rate) is unchanged at 6.50%
@RBI @ShereenBhan @latha_venkatesh @_ritusingh @nimeshscnbc @_prashantnair #RBIPolicy | Policy stance is maintained at Withdrawal of Accommodation with MPC voting in favour of this in the ratio of 5:1
@RBI @ShereenBhan @latha_venkatesh @_ritusingh @nimeshscnbc @_prashantnair #RBIPolicy | MSF & Bank rates unchanged at 6.75%
Market Regime Update
1. Assets rebounded this week, with stocks, bonds, and gold all up on the week. Commodities showed mixed performance, with significant losses during the start of the week weighing on performance.
1. Assets rebounded this week, with stocks, bonds, and gold all up on the week. Commodities showed mixed performance, with significant losses during the start of the week weighing on performance.
2. Recent #treasury strength continued the recent chop in the market, i.e., moving counter to the recent one-month trend. Below, we show the composition of total treasury market returns over the last month:
#MarketAtClose | #Market closes near day’s low as financial heavyweights underperform
Nifty Bank ends with a cut of 1% against a flat close for #Sensex & #Nifty
#Midcaps relatively outperform, market breadth favours advances
Nifty Bank ends with a cut of 1% against a flat close for #Sensex & #Nifty
#Midcaps relatively outperform, market breadth favours advances
#MarketAtClose | #Sensex falls 194 points to 62,429 & Nifty 47 points to 18,488
#NiftyBank slips 338 points to 43,790 while #Midcap index rises 51 points to 33,812
#NiftyBank slips 338 points to 43,790 while #Midcap index rises 51 points to 33,812
#MarketAtClose | Coal India falls as government brings #OFS at discount, non-retail portion fully subscribed
Saudi Aramco’s sharp cut in #propane price weighs on Gujarat Gas, stock down 4%
Saudi Aramco’s sharp cut in #propane price weighs on Gujarat Gas, stock down 4%
#Breaking | FY23 GDP Growth At 7.2% Vs CNBC-TV18 Poll Of 7%
#FY23GDP | GDP Growth At 7.2% Vs 9.1% (YoY)
#FY23GDP | GVA At 7% Vs 8.8% (YoY)
NEXT WEEK
The Bear's take:
•Unresolved Debt ceiling
•Friday's negative day and bearish candlesticks
• Several neg. divergences
•Leading stocks reversed
• #VVIX bullish engulfing candle and #VIX1D daily higher highs higher lows points to more vol ahead
•GDP maybe ↓
$SPX
The Bear's take:
•Unresolved Debt ceiling
•Friday's negative day and bearish candlesticks
• Several neg. divergences
•Leading stocks reversed
• #VVIX bullish engulfing candle and #VIX1D daily higher highs higher lows points to more vol ahead
•GDP maybe ↓
$SPX
NEXT WEEK
The Bull's take
• Indices up week on high volume
•Buy the dip: Bullish action
•Volatility indicators are subdued
• $NDX, $FAANG, $SMH in good health
• $SPX, $NDX higher highs and higher lows
•Market broke out above resistance
•Breadth thrust last Wednesday
#SPX
The Bull's take
• Indices up week on high volume
•Buy the dip: Bullish action
•Volatility indicators are subdued
• $NDX, $FAANG, $SMH in good health
• $SPX, $NDX higher highs and higher lows
•Market broke out above resistance
•Breadth thrust last Wednesday
#SPX
#MintPrimer | On 1 May, treasury secretary Janet Yellen sent a letter to the US Congress saying that on 1 June the government is likely to run out of money.
With the government currently breaching its debt ceiling, the situation has become parlous.
Mint explains what’s… twitter.com/i/web/status/1…
With the government currently breaching its debt ceiling, the situation has become parlous.
Mint explains what’s… twitter.com/i/web/status/1…
#MintPrimer | There is a limit set to how much the US government can borrow to meet its legal obligations, which include paying interest on its debt and paying military salaries, tax refunds, and social security, etc.
Read here: livemint.com/news/world/us-…
Read here: livemint.com/news/world/us-…
#MintPrimer | Around the world, almost all governments spend more than they earn. This difference is known as the fiscal deficit and is financed through taking on debt.
Read here: livemint.com/news/world/us-…
Read here: livemint.com/news/world/us-…
ಸನ್ಮಾನ್ಯ @PriyankKharge ಅವರ ಮಾತುಗಳನ್ನ ಕೇಳ್ದೆ, ಅಲ್ಲೆ ಕೆಳಗಿನ ಟ್ವೀಟಲ್ಲಿ ನಮ್ಮ ಪ್ರಧಾನಿಯವರು ಇವತ್ತು ಮಾತಾಡಿರೋದನ್ನ ಕೇಳ್ದೆ.
ರಾಜಕಾರಣಿಗೆ ವಿದ್ಯಾಭ್ಯಾಸ ಯಾಕೆ ಮುಖ್ಯ ಅಂತ ನಂಗೆ ಅಲ್ಲೇ ಗೊತ್ತಾಯ್ತು.
ಮಕ್ಕಳಿಗೆ ಬೇಕಿರುವುದು ಓದು, ಕೆಲಸ, ಸಂಬಳ, ನೆಮ್ಮದಿಯ ಜೀವನ.
#KarnatakaElection2023
1/n
ರಾಜಕಾರಣಿಗೆ ವಿದ್ಯಾಭ್ಯಾಸ ಯಾಕೆ ಮುಖ್ಯ ಅಂತ ನಂಗೆ ಅಲ್ಲೇ ಗೊತ್ತಾಯ್ತು.
ಮಕ್ಕಳಿಗೆ ಬೇಕಿರುವುದು ಓದು, ಕೆಲಸ, ಸಂಬಳ, ನೆಮ್ಮದಿಯ ಜೀವನ.
#KarnatakaElection2023
1/n
2014 ರಿಂದ ಇಲ್ಲಿಯವರೆಗೂ ದೇಶದ ಜನರ ಭಾವನೆಗಳಿಗೆ ಬೆಂಕಿಯಿಟ್ಟುಕೊಂಡು ಬಂದಿರೋ ಪಕ್ಷವನ್ನ ನಾವು ಗೆಲ್ಲಿಸಿದ್ರೆ ನಮ್ಮ ಆತ್ಮಕ್ಕೆ ನಾವೇ ದ್ರೋಹ ಬಗೆದಂತೆ.
ಕರ್ನಾಟಕವನ್ನ ಮಾರಿ, ಮಕ್ಕಳ ಕೈಲಿ ಚೂರಿ ಕೊಟ್ಟು, ಹೆಗಲ ಮೇಲೆ ಕೇಸರಿ ಶಾಲು ಹೊದಿಸಿ, ಕೊನೆಗೆ ತಮ್ಮ ಚುನಾವಣೆಗಳು ಮುಗಿದ ಮೇಲೆ ಅವರನ್ನು ಬೀದಿಗೆ ತಳ್ಳುತ್ತಾರೆ. ಎಚ್ಚರವಿರಲಿ !! 2/n
ಕರ್ನಾಟಕವನ್ನ ಮಾರಿ, ಮಕ್ಕಳ ಕೈಲಿ ಚೂರಿ ಕೊಟ್ಟು, ಹೆಗಲ ಮೇಲೆ ಕೇಸರಿ ಶಾಲು ಹೊದಿಸಿ, ಕೊನೆಗೆ ತಮ್ಮ ಚುನಾವಣೆಗಳು ಮುಗಿದ ಮೇಲೆ ಅವರನ್ನು ಬೀದಿಗೆ ತಳ್ಳುತ್ತಾರೆ. ಎಚ್ಚರವಿರಲಿ !! 2/n
ನಾವು ಯಾವುದನ್ನೂ ಮರೆಯಬಾರದು,
- ನೋಟುಗಳ ಬ್ಯಾನ್ - ಅದ್ರಿಂದ ಆರ್ಥಿಕ ಪರಿಸ್ಥಿತಿ ಸರಿಯಾಯಿತೆ?
5 ವರ್ಷ ಕಮ್ಮಿ ಅಂತ ಹೇಳಿಕೊಂಡು 2019ರಲ್ಲಿ ಮತ್ತೆ ಬಂದಿರಲ್ಲ ಸ್ವಾಮಿ. ಎಲ್ಲಿ ದೇಶದ ಆರ್ಥ ವ್ಯವಸ್ಥೆಯ ಸುಧಾರಣೆ? ತೋರಿಸಿ.
- #COVID19 ದೇಶದ ಜನರು ಊರುಗಳಿಗೆ ನಡೆದು, ವ್ಯವಸ್ಥೆಗಳಿಲ್ಲದೆ ಸತ್ತರಲ್ಲ. ಆವಾಗ ಎಲ್ಲಿದ್ರಿ? 3/n
- ನೋಟುಗಳ ಬ್ಯಾನ್ - ಅದ್ರಿಂದ ಆರ್ಥಿಕ ಪರಿಸ್ಥಿತಿ ಸರಿಯಾಯಿತೆ?
5 ವರ್ಷ ಕಮ್ಮಿ ಅಂತ ಹೇಳಿಕೊಂಡು 2019ರಲ್ಲಿ ಮತ್ತೆ ಬಂದಿರಲ್ಲ ಸ್ವಾಮಿ. ಎಲ್ಲಿ ದೇಶದ ಆರ್ಥ ವ್ಯವಸ್ಥೆಯ ಸುಧಾರಣೆ? ತೋರಿಸಿ.
- #COVID19 ದೇಶದ ಜನರು ಊರುಗಳಿಗೆ ನಡೆದು, ವ್ಯವಸ್ಥೆಗಳಿಲ್ಲದೆ ಸತ್ತರಲ್ಲ. ಆವಾಗ ಎಲ್ಲಿದ್ರಿ? 3/n
NEXT WEEK
The Bear's take:
•Monthly close on lighter volume
•Negative divergences from classic indicators
•Tough talk from FEDs
•Inflation is sticky, rates ↑
• #Recession is here
• #GDP ↓
•Leading indicators ↓
• #AAPL earnings ↓
•Big #Gamma at 4000
$SPX #SPX
The Bear's take:
•Monthly close on lighter volume
•Negative divergences from classic indicators
•Tough talk from FEDs
•Inflation is sticky, rates ↑
• #Recession is here
• #GDP ↓
•Leading indicators ↓
• #AAPL earnings ↓
•Big #Gamma at 4000
$SPX #SPX
🚨PAPER🚨
"Many scenario analyses suggest that #NegativeEmissionTechnologies, such as #bioenergy with carbon capture and storage & #afforestation, are required to achieve #NetZero target, but their large-scale deployment has a trade-off relationship with food security."
🧵
1/7
"Many scenario analyses suggest that #NegativeEmissionTechnologies, such as #bioenergy with carbon capture and storage & #afforestation, are required to achieve #NetZero target, but their large-scale deployment has a trade-off relationship with food security."
🧵
1/7
So, a new study considered an innovative #NET, "direct air carbon capture and storage (#DACCS), and analyzed its impact on global food access based on an indicator defined by food expenditure per GDP."
2/7
2/7
Study found that "the scenario considering DACCS mitigates the adverse impact on food access in regions such as Sub-Saharan Africa compared to the scenario not considering #DACCS by alleviating food expenditure increase & GDP loss associated with emission reduction efforts."
3/7
3/7
📈📊 Real GDP during Q1 only rose 1.1% (saar), but don’t let that number fool you!
Let’s break down why economic growth wasn’t as weak as it seems and how inventories played a role in shaping the GDP 🧵
Let’s break down why economic growth wasn’t as weak as it seems and how inventories played a role in shaping the GDP 🧵
In Q1, the real GDP rose only 1.1% (saar), but there's more to the story. During Q4, inventories surged as consumers shifted from buying goods to services.
Goods producers stopped building unwanted inventories by cutting orders and lowering prices, reducing inventories.
Goods producers stopped building unwanted inventories by cutting orders and lowering prices, reducing inventories.
Excluding inventories, real final sales rose 3.4% during Q1, led by a solid 3.7% increase in real consumer spending.
This helped reduce inventories, and the chart shows the increase in real consumer spending.
This helped reduce inventories, and the chart shows the increase in real consumer spending.
Hell Thursday!
Ahead of today's Q1 🇺🇸 GDP report, the @AtlantaFed has reduced its projected growth by a whopping -140 bps to only +1.1% 😮
Let's dig into the market 🧮!
Ahead of today's Q1 🇺🇸 GDP report, the @AtlantaFed has reduced its projected growth by a whopping -140 bps to only +1.1% 😮
Let's dig into the market 🧮!
Asia closed broadly ↗️
$NIKK 28458 +0.15%
$SSEC 3286 +0.65%
$TWII 15412 +0.25%
$HSI 19812 +0.3%
$KOSPI 2496 +0.45%
$IDX 6942 +0.45%
Australia ↘️
$ASX 7293 -0.3%
India ↗️
$BSE 60500 +0.35%
$NIKK 28458 +0.15%
$SSEC 3286 +0.65%
$TWII 15412 +0.25%
$HSI 19812 +0.3%
$KOSPI 2496 +0.45%
$IDX 6942 +0.45%
Australia ↘️
$ASX 7293 -0.3%
India ↗️
$BSE 60500 +0.35%
Europe trying to muster a bid ↔️
$DAX 15804 +0.05%
$FTSE 7854 unch
$CAC 7497 +0.4%
$AEX 749 -0.15%
$IBEX 9308 +0.15%
$MIB 27166 +0.2%
$SMI 11395 +0.25%
$MOEX 2631 +0.4%
$VSTOXX 18.33 🔻
$DAX range = 15680 - 16066 ♉️
$DAX 15804 +0.05%
$FTSE 7854 unch
$CAC 7497 +0.4%
$AEX 749 -0.15%
$IBEX 9308 +0.15%
$MIB 27166 +0.2%
$SMI 11395 +0.25%
$MOEX 2631 +0.4%
$VSTOXX 18.33 🔻
$DAX range = 15680 - 16066 ♉️
NEXT WEEK
The Bear's take:
•Upward momentum is lost
•Negative divergences and sell signals from classic indicators
•Big weekly bullish enfulfing candle on $VVIX
•Weekly bearish haramis on major indices
•Inflation is sticky, higher rates coming
• #Recession is here
#ES_F
The Bear's take:
•Upward momentum is lost
•Negative divergences and sell signals from classic indicators
•Big weekly bullish enfulfing candle on $VVIX
•Weekly bearish haramis on major indices
•Inflation is sticky, higher rates coming
• #Recession is here
#ES_F
How to build trustworthy #AI ❔
In 2022, artificial intelligence took centre stage in policy discussions highlighting its potential and its risks.
Learn more in our latest newsletter 🧵⤵️
newsletter.oecd.org/q/119zE7ly4Fld…
In 2022, artificial intelligence took centre stage in policy discussions highlighting its potential and its risks.
Learn more in our latest newsletter 🧵⤵️
newsletter.oecd.org/q/119zE7ly4Fld…
The #OECD AI Principles form the first intergovernmental standard on #AI
Adhering countries have worked to ensure that AI systems:
◼️benefit people & the 🌍
◼️respect democratic values & #HumanRights
◼️are transparent & explainable
◼️are robust, secure & safe
Learn more ⤵️
Adhering countries have worked to ensure that AI systems:
◼️benefit people & the 🌍
◼️respect democratic values & #HumanRights
◼️are transparent & explainable
◼️are robust, secure & safe
Learn more ⤵️
Seit 2019 wurden im #Saarland 104 #Verdachtsfälle von möglicher #Polizeigewalt registriert. In keinem einzigen Fall kam es zur Verurteilung eines Polizeibeiamten. Kriminologe Tobias Singelnstein hält das für "eine bedenkliche Bilanz." 1/3
Für den Rechtswissenschaftler der Johann Wolfgang Goethe-Universität #Frankfurt bedeute die geringe Anklagequote, dass die strafrechtliche Aufarbeitung solcher Verdachtsfälle nicht besonders gut funktioniere. Es brauche eine angemesse Kontrolle. 2/3
sr.de/sr/home/nachri…
sr.de/sr/home/nachri…
Die Verurteilungsquote wegen #Polizeigewalt im #Saarland liegt mit ca. 1 % im Bundesschnitt. Den Grund sieht Singelnstein u.a. in der schlechten Beweislage. Ohne Beweisvideo steht Aussage gegen Aussage. Das Problem wird durch den bestehenden #Korpsgeist/#CopCulture verstärkt. 3/3
Indian economy-A mixed planned economy.
A Thread:
A Thread:
1. India's GDP is the 5th largest in the world by nominal #GDP and the 3rd largest by purchasing power parity.
India has been experiencing steady economic growth of 7-8% per annum until the COVID-19 pandemic hit in 2020, resulting in a contraction of -7.7% in 2020-21.
India has been experiencing steady economic growth of 7-8% per annum until the COVID-19 pandemic hit in 2020, resulting in a contraction of -7.7% in 2020-21.
2. The Indian #economy comprises of major sectors such as agriculture, manufacturing and services, which together contribute more than 85% of the country's GDP.
Agriculture is a key sector in the Indian economy, contributing around 16% of the country's GDP.
Agriculture is a key sector in the Indian economy, contributing around 16% of the country's GDP.
@MarinSanna Voisiko 7666 '#InTheNameOfAllah', #Jauhojengi-totuutta paeta...
#MKUltra-#CIACoup In #Finland 2019 - #Finns have had to realize that their #enemy is not #Russia or President #Putin, but their own treacherous #Satan-worshiping #GreatReset #WEF govt.
#MKUltra-#CIACoup In #Finland 2019 - #Finns have had to realize that their #enemy is not #Russia or President #Putin, but their own treacherous #Satan-worshiping #GreatReset #WEF govt.
@MarinSanna #MSM admitted the #hidden #NATO agenda: the merger of the #FinnishAirForce with the "Nordic Air Force", which has been prepared for 15 years | Mar 29 - When #Finland's NATO #membership is nearing, the result of decades of planning,.. was revealed.
tinyurl.com/y3us5d9a
tinyurl.com/y3us5d9a
@MarinSanna THREAD 30
FROM: #NATO poll. The #Finnish people (92%) #REJECTED joining NATO.
TO: #Eduskuntavaalit2019 [3:33:05] - 93.9% of votes have been counted (2893919 pcs). SDP won with 7,666 votes and appointed a girl as PM who pleaded that she was against #NATO
FROM: #NATO poll. The #Finnish people (92%) #REJECTED joining NATO.
TO: #Eduskuntavaalit2019 [3:33:05] - 93.9% of votes have been counted (2893919 pcs). SDP won with 7,666 votes and appointed a girl as PM who pleaded that she was against #NATO
We're about to enter a new chapter of capitalism. Where we eliminate labour from the productivity equation. GDP will not be tethered to labour, meaning it will become unbounded. It's gonna get weird fast.
For those looking for more details, I've compiled some thoughts here with my AI:
🧵1/ As #AI drives the cost of knowledge & physical work towards 0, we'll see widespread adoption across industries. 💼🤖 Massive layoffs won't mean a loss in productivity—instead, we'll witness an… twitter.com/i/web/status/1…
🧵1/ As #AI drives the cost of knowledge & physical work towards 0, we'll see widespread adoption across industries. 💼🤖 Massive layoffs won't mean a loss in productivity—instead, we'll witness an… twitter.com/i/web/status/1…
🧵1/ As #AI transforms labor markets & drives productivity, it's essential to understand how this may challenge the traditional notions of GDP & capitalism. Let's explore the implications with a balanced view, referencing key economic principles. #Economics #GDP #Capitalism
📉2/… twitter.com/i/web/status/1…
📉2/… twitter.com/i/web/status/1…
Highlights from the keynote address made by Mr. Deepak Bagla, Managing Director & CEO of Invest India at the Standard Chartered Treasury Leadership Forum 2023.
A thread! (1/n)
#India #economy #GDP #highlights #thread
A thread! (1/n)
#India #economy #GDP #highlights #thread
India is going through the most unprecedented transformation of human history in the free world today. (2/n)
#india #economy
#india #economy
This is the first time in the history of India’s 5000 years of existence, that the 3 pillars are going through a rapid transformation at the same point in time.
The 3 Pillars:
- Economic
- Social
- Political (3/n)
#india #economy #social #political
The 3 Pillars:
- Economic
- Social
- Political (3/n)
#india #economy #social #political
⭐️#BRICS countries overtake the #G7 in share of world GDP.
#Brazil, #Russia, #India, #China, #SouthAfrica (BRICS) now provide 31.5% of global #GDP, with further projected growth - while Canada, France, Germany, Italy, Japan, United Kingdom, and United States (G7) provide 30.7%.
#Brazil, #Russia, #India, #China, #SouthAfrica (BRICS) now provide 31.5% of global #GDP, with further projected growth - while Canada, France, Germany, Italy, Japan, United Kingdom, and United States (G7) provide 30.7%.
A look at #BRICS countries' GDP growth and GDP Growth rate clearly shows that the US hegemony of the world economy is on the brink of collapse by 2030, leading to the shift in power balance to the eastern part of the world.
Post-Russia Ukraine conflict, #BRICS countries showed remarkable resilience contrary to consumer inflation and energy inflation in Europe and the US including the G7 bloc.
