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This much is true: consumption is always more resilient than investment, & this is especially true for poorer countries & those with very favorable demographic transitions.
Alas, growth in Asia has slowed. That said, investment is weakening by much more than private spending🤗.
Alas, growth in Asia has slowed. That said, investment is weakening by much more than private spending🤗.
A chart like this w/ the blue line (investment) moving more than consumption shows that INVESTMENT has a HIGHER VARIANCE - another way of saying more spread out/VOLATILE. The square root of the variance is the standard deviation. Math: The ave of the squared diff from the mean🤗
How do u explain variance to a child: The puppies don't vary much & can calculate exactly their height variance: take an average height, then we get a the square diff sum of each puppy:
((left🐩- ave)*^2 + (middle - ave)^2 + (right - ave)^2))
After that, divide by 3 (#ofpuppies)
((left🐩- ave)*^2 + (middle - ave)^2 + (right - ave)^2))
After that, divide by 3 (#ofpuppies)
