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Second quarter of global GDP in 2020 is bleeding: a growing thread on contracting economies...
Germany's GDP contracts by 10.1% in second quarter

dw.com/en/coronavirus…
The U.S. economy shrinks by 9.5% in second quarter of 2020, an annual rate of 32.9%

washingtonpost.com/business/2020/…
China GDP rises by 3.2% in second quarter of 2020

scmp.com/economy/china-…
Vietnam GDP grows by 0.36% in second quarter of 2020

in.reuters.com/article/us-vie…
Belgium GDP shrinks by 12.2% in second quarter of 2020

think.ing.com/snaps/belgium-…
Singapore GDP contracts by 12.6% in the second quarter of 2020

mti.gov.sg/Newsroom/Press…
Mexico GDP contracts by 17.3% in the second quarter of 2020

marketwatch.com/story/mexicos-…
France GDP contracts by 13.8% in the second quarter of 2020 -- its worst quarterly decline in history

markets.businessinsider.com/news/stocks/fr…
Italy GDP contracts by 12.4% in second quarter of 2020 -- the biggest contraction ever
reuters.com/article/us-ita…
Portugal GDP contracts by 14.1% in second quarter of 2020 -- the biggest contraction ever recorded

in.mobile.reuters.com/article/amp/id…
Spain GDP contracts by 18.5% in second quarter of 2020 -- drops to levels not seen since the late 19th and early 20th centuries

english.elpais.com/economy_and_bu…
Euro zone GDP contracts by a record 12.1% in the second quarter of 2020

cnbc.com/amp/2020/07/31…
Czech Republic GDP contracts by 10.7% in the second quarter of 2020

news.expats.cz/money/czech-re…
Taiwan GDP contracts by 0.73% in the second quarter of 2020

marketscreener.com/news/Taiwan-se…
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Gautam Chikermane
@gchikermane
All those cheering UK policy banning #5G equipment from #Huawei, calm down.

Thread...
Policy: Buying new Huawei #5G equipment banned after 31 December 2020.

Implication: Nothing -- UK telecommunications firms are free to buy all #Huawei equipment they want, and more, over the next five months.
Policy: Existing ban on Huawei from most sensitive ‘core’ parts of 5G network remains.

Implication: Nothing -- no change from previous policy.
Read 6 tweets
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Gautam Chikermane
@gchikermane
Until China reforms, Made in China firms must be treated with as much caution and precaution as India is treating the Made in China pandemic
orfonline.org/expert-speak/t…

My essay in @orfonline argues why #Huawei must not be allowed into India's #5G
#Ladakh
India will not be alone in rejecting #Huawei.
UK proposes a D10 club of democratic partners for #5G:
-- G7
-- Australia
-- South Korea
-- India

thetimes.co.uk/article/downin…
Apart from a thin ideological constituency and vested business interests, China has limited appeal left in much of India’s imagination
orfonline.org/expert-speak/t…

Excerpt from my essay in @orfonline
Read 5 tweets
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Gautam Chikermane
@gchikermane
The primary issue around Clause 7.1 is that the right to property as a fundamental right was snatched away from Indians in 1978.

A short thread...
Between 1951 through 1976, seven amendments—1st (1951), 4th (1955), 17th (1964), 25th (1971), 39th (1975), 40th (1976), and 42nd (1976)—were brought in, all of which were struck down by the Supreme Court.
Finally, with the 44th Amendment (1978) and the repeal of Article 19(1)(f), the right to property was taken away.
With two exceptions:
1. Minorities to establish and administer educational institutions.
2. Persons holding land for personal cultivation within the ceiling limit.
Read 5 tweets

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