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Lets talk about the 1st meeting of #G20 #Finance Ministers and #CentralBank Governors. Specifically, lets talk about the short to medium term headwinds for global #Economic #Growth...
If you haven't been living under a rock, and you happen to be an avid scholar / practitioner in the world of #Global #Finance / #CentralBanking, then you know that the Group of 20 Finance Ministers & Central Bank Governors met on the 22-23 Feb 2020 in #Riyadh, #SaudiArabia...
The 2020 #g20 meeting of finance ministers & central bank governors in #Riyadh brought together key #Fiscal and #Monetary #Policy makers to discuss, inter alia, what #Global #Economic #Growth prospects look like in the short to medium term...
Perhaps the best place to start, would be the #InternationalMonetaryFund's (#IMF's) #WorldEconomicOutlook published in January 2020...From the IMF's #growth outlook, although 2020 is expected to register positive growth, it has been revised down since the October 2019 projection
Using the #IMF #WorldEconomicOutlook Jan 2020 as a baseline, we can confidently posit that it formed part of the #G20 finance ministers (FMs) & central bank governors (CBGs) dossier. Therefore, what did the #G20 FMs and CBGs conclude during the February 2020 meeting?
Before we touch on the #G20 FMs & CBGs conclusions during their February 2020 meeting, it would be prudent to take a historical perspective of their meetings & consider what the #Economic #Growth headwinds have looked like in the immediate past & if they still prevail today?
Consider the 2018 meeting of #G20 FMs & CBGs and the subsequent communique. The 1st paragraph is what often reads like an "executive summary". In 2018, growth looked robust, unemployment low BUT #trade & #geopolitical tensions started to raise their ugly heads...(headwinds)...
Consider next the 2019 meeting of #G20 FMs & CBGs and the subsequent communique. Again, the 1st paragraph is key. In 2019, much like in 2018, growth appeared to be stabilising, albeit the ugly #trade & #geopolitical risks (headwinds) became more prominent...
Last but not least, the 2020 meeting of #G20 FMs & CBGs and their communique. From the 1st paragraph, we start to see a trend. #Global #Growth remains under pressure.. Just when we thought it would pick up for longer, new headwinds (COVID-19) couple with existing ones...
The biggest takeaway from this brief look at #G20 FMs & CBGs meetings is that if #Growth (from the domestic, regional or global) perspective is under pressure, it is the role of #Fiscal & #Monetary #Policy makers to support it. The question then becomes, who has policy space?
In closing, considering headwinds to #global #economic #growth as per #G20 FMs & CBGs & the expected role of #fiscal & #monetary #Policy to support growth, I would advice you keep eyes on upcoming #MonetaryPolicy Committee meetings as well as Ministry of Finance #BudgetSpeeches.
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#G20 #Finance #CentralBank #economic #growth #global #CentralBanking #Riyadh #SaudiArabia #fiscal #monetary #Policy #InternationalMonetaryFund #IMF #WorldEconomicOutlook #trade #geopolitical #MonetaryPolicy #BudgetSpeeches

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moeti damane
@iamSANhedrin
SAN presents #PeoplePOWER dropping 2020..!
The #PeoplePOWER project has 10 songs...
10. Strive (Black Girl) ft. DAMOLA
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moeti damane
@iamSANhedrin
Lets talk about #Gold #Mining in #SouthAfrica. Specifically, lets talk about #AngloGold's exit from South Africa & its impact on say, #Lesotho #Migrant #Mine workers...
The latest #news in the #SouthAfrican #Mining #Industry is that #AngloGold Ashanti, the world’s third-largest gold miner, has sealed a deal to sell its last remaining SA asset as it exits the country after 22 years on the #JSE...
I will not be talking about the "WHY" aspect of #AngloGold's exit from the #SouthAfrican #Mining #Industry. Rather, my focus will be on the consequences of such a move for #Labour, #Migrant labour to be precise. Labour from #Lesotho, specifically...
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moeti damane
@iamSANhedrin
Lets talk about #Argentina and the #IMF. Specifically, lets talk about the biggest IMF #Bailout in #History...
Before we start talking about #Argentina & how the #IMF has extended to them a #Bailout that is by far the biggest in the organisation's history, let us first appreciate what the functions of the IMF are...
The #IMF’s main goal is to ensure #stability of the #international #monetary & #financial #system. It helps resolve crises, and works with its 189 member countries to promote #growth & alleviate #poverty...
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Cory Morningstar
@elleprovocateur
Yes. This is beyond grotesque. Klein references a Bolivian initiative under the Morales gov't - as a lure to promote the GND - without a single acknowledgment to the coup itself.

What Klein does not reference is far more compelling: the 2010 People's Agreement of Cochabamba.
The Cochabamba People's Agreement (April 2010) came out of the Bolivian World People's Conference on Climate Change and the Rights of Mother Earth conference. It was Indigenous-led, with people attending from around the world. #Bolivia

theartofannihilation.com/350-agent-sabo…
#Whiteness and racism played a key role at this conference.

350's (Klein serves on the board) sole purpose for attending the conference in Bolivia was to literally undermine the host country’s official policy position on climate change (300 ppm, 1ºC limit, etc.)
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JPR007
@jpr007
GLOBAL AUTOMOBILE DEMAND

The global fleet is about 1,400 million vehicles.

There are 7,700 million people in the world.

A lot of them still aspire to owning a vehicle for the first time in their lives.

Especially outside of Europe and North America
One might expect that the global fleet should grow with population growth, which is running at about +1% per annum.

But actually it is more likely to grow with global economic growth, which we can expect to average +3% per annum.

This translates to +34.4% over the next 10 years
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wiiw
@wiiw_news
The new @wiiw_news Handbook of #Statistics 2018 contains updated key #macroeconomic & structural indicators for 22 economies in #CESEE serving as easy-to-use reference tool & facilitating comparisons across topics, countries & time.
wiiw.ac.at/wiiw-handbook-…
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New features of the 2018 ed. include e.g.
- new key indicators at #regional levels
- #wages & #investment data by activity now also available for #Turkey
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Find below examples of some conclusions from the newly released data
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Millennial Macro
@MillennialMacro
#trade #tradewars #USA
“No country presents a broader, more severe threat to our ideas, our innovation, and our economic security than #China,” FBI Director Christopher Wray said in a statement.
reuters.com/article/us-usa…
#trade #tradewars
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Sam Bell
@sam_a_bell
Jerome Powell will be confirmed as Fed Chair in 10 minutes. Let's take a walk down memory lane and remember what senators said about Yellen 4 years ago. As Victoria notes, no Fed Chair has ever gotten fewer votes for confirmation. (Thread)
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