CBO's Economic Projections
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Presentation by Wendy Edelberg, CBO’s Assistant Director for Macroeconomic Analysis, at the Economic Outlook Forum hosted by the NYU Stern Center for Global Economy and Business.
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In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, the deficit would decline in 2018 and then resume its upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
CBO’s estimate of the deficit for 2017 has increased since January 2017, when the agency issued its previous estimates, because revenues are expected to be lower and mandatory spending is expected to be higher than earlier anticipated. Additionally, the current projection for the cumulative deficit for the 2018–2027 period is about $700 billion more than reported in January.
CBO’s economic forecast—which underlies its budget projections—indicates that under current law, economic growth over the next two years would remain close to the modest rate observed since the end of the recession in 2009. Nevertheless, economic growth would continue to outpace growth in potential (maximum sustainable) GDP and thus continue to reduce the amount of underused resources, or slack, in the economy. The result would be increases in hiring, employment, and wages, along with upward pressure on inflation and interest rates. In the later part of the 10-year projection period, output growth would be constrained by a relatively slow increase in the nation’s supply of labor.
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The Congressional Budget Office released its Budget and Economic Outlook for 2017 to 2027. The report projects modest economic growth, rising interest rates, and continued budget deficits over the next decade. Spending on major health care programs like Medicare and Medicaid are expected to be the largest contributors to increased government outlays. The amount of federal debt held by the public is projected to rise steadily from 77% of GDP in 2017 to 92% in 2027.
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In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, the deficit would decline in 2018 and then resume its upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
CBO’s estimate of the deficit for 2017 has increased since January 2017, when the agency issued its previous estimates, because revenues are expected to be lower and mandatory spending is expected to be higher than earlier anticipated. Additionally, the current projection for the cumulative deficit for the 2018–2027 period is about $700 billion more than reported in January.
CBO’s economic forecast—which underlies its budget projections—indicates that under current law, economic growth over the next two years would remain close to the modest rate observed since the end of the recession in 2009. Nevertheless, economic growth would continue to outpace growth in potential (maximum sustainable) GDP and thus continue to reduce the amount of underused resources, or slack, in the economy. The result would be increases in hiring, employment, and wages, along with upward pressure on inflation and interest rates. In the later part of the 10-year projection period, output growth would be constrained by a relatively slow increase in the nation’s supply of labor.
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In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
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The Congressional Budget Office (CBO) provides budget and economic projections to Congress. CBO projects that mandatory spending on major health care programs and Social Security will increase significantly as a share of GDP through 2025 due to an aging population and rising health care costs. To attain a sustainable federal budget, the United States will need to increase revenues more than currently projected or reduce spending on large benefit programs.
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CBO regularly publishes economic projections that are consistent with current law—providing a basis for its estimates of federal revenues, outlays, deficits, and debt. A key element in CBO’s projections is its forecast of potential (maximum sustainable) output, which is based mainly on estimates of the potential labor force, the flow of services from the capital stock, and potential total factor productivity in the nonfarm business sector. This presentation describes CBO’s most recent 10-year economic projections and the methods used to produce them. It also describes how economic developments since the financial crisis and the recession of 2007–2009 have led CBO to revise its projections of productivity and growth in potential output and discusses ways in which the agency is working to improve its methods.
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In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
CBO’s estimate of the deficit for 2017 has decreased since August 2016, when the agency issued its previous estimates, primarily because mandatory spending is expected to be lower than earlier anticipated. However, the current projection for the cumulative deficit for the 2017–2026 period is about the same as that reported in August.
CBO’s economic forecast—which underlies its budget projections—indicates that under current law, economic growth over the next two years would remain close to the modest rate observed since the end of the recession in 2009. Nevertheless, economic growth would continue to outpace growth in potential (maximum sustainable) GDP and thus continue to reduce the amount of underused resources, or slack, in the economy. The result would be increases in hiring, employment, and wages, along with upward pressure on inflation and interest rates. In the later part of the 10-year projection period, output growth would be constrained by a relatively slow increase in the nation’s supply of labor.
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The Congressional Budget Office director Douglas Elmendorf presented on the budget outlook and consequences of high federal debt. He showed projections of growing deficits, spending, and debt as a percentage of GDP through 2023 if current laws remain. High and rising debt reduces flexibility, increases risk of crisis, and means future debt would be larger. It also crowds out investment and imposes long term healthcare and retirement spending pressures. Evaluating policy changes requires considering how much debt is reduced, the speed of reduction, resource allocation, long term growth effects, and distributional burdens across incomes and generations.
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The document summarizes the Congressional Budget Office's 2013 Long-Term Budget Outlook press briefing by Director Douglas Elmendorf on September 17, 2013. It includes charts on federal debt held by the public, components of federal spending, total spending and revenues, and other budget projections under different assumptions. The document concludes that the budget is on an unsustainable path and that lawmakers face choices in the magnitude, policies, and timing of deficit reduction.
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Keith Hall, Director of the Congressional Budget Office, gave a presentation to the Prosperity Caucus on March 30, 2017 about the CBO's Budget and Economic Outlook for 2017 to 2027. The presentation discussed the current budget outlook, projected federal deficits and debt levels, and the CBO's economic forecasts for GDP growth, unemployment, and inflation over the next decade.
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In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
CBO’s estimate of the deficit for 2017 has decreased since August 2016, when the agency issued its previous estimates, primarily because mandatory spending is expected to be lower than earlier anticipated. However, the current projection for the cumulative deficit for the 2017–2026 period is about the same as that reported in August.
CBO’s economic forecast—which underlies its budget projections—indicates that under current law, economic growth over the next two years would remain close to the modest rate observed since the end of the recession in 2009. Nevertheless, economic growth would continue to outpace growth in potential (maximum sustainable) GDP and thus continue to reduce the amount of underused resources, or slack, in the economy. The result would be increases in hiring, employment, and wages, along with upward pressure on inflation and interest rates. In the later part of the 10-year projection period, output growth would be constrained by a relatively slow increase in the nation’s supply of labor.
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Under current law, CBO expects economic activity to expand modestly this year, to grow at a more solid pace in 2016 and 2017, and then to moderate in subsequent years.
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If current laws governing taxes and spending did not change, the condition of the federal budget would worsen considerably over the next three decades. Growth in federal spending would continue to outpace growth in federal revenues, leading to ever larger budget deficits.
Federal spending is projected to rise noticeably in relation to the economy because of growth in spending in Social Security, the major health programs, and interest on the government’s debt. Federal revenues would also increase if current laws remained generally unchanged, but they would increase much more slowly than federal spending.
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CBO’s analyses of the distribution of household income and federal taxes are based on administrative tax data from the Internal Revenue Service’s Statistics of Income (SOI) and on household survey data from the Census Bureau’s Current Population Survey (CPS). CPS respondents tend to underreport their receipt of government transfers, and the level of underreporting has increased over time. Any CPS-based analysis of the income distribution that does not correct for that underreporting will probably underestimate income growth at the bottom of the distribution and the role of government transfers in reducing income inequality.
In this presentation, CBO outlines a method to correct for underreporting in several transfer programs from 1979 through 2013 and examines the distributional effects of those corrections. The information is preliminary and is being circulated to stimulate discussion and critical comment.
Presentation by Bilal Habib, an analyst in CBO’s Tax Analysis Division, at a Washington Center for Equitable Growth workshop on distributional national accounts.The Economic Outlook for 2019 to 2029 in 21 Slides
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Productivity and Growth in CBO’s Forecasts
CBO regularly publishes economic projections that are consistent with current law—providing a basis for its estimates of federal revenues, outlays, deficits, and debt. A key element in CBO’s projections is its forecast of potential (maximum sustainable) output, which is based mainly on estimates of the potential labor force, the flow of services from the capital stock, and potential total factor productivity in the nonfarm business sector. This presentation describes CBO’s most recent 10-year economic projections and the methods used to produce them. It also describes how economic developments since the financial crisis and the recession of 2007–2009 have led CBO to revise its projections of productivity and growth in potential output and discusses ways in which the agency is working to improve its methods.
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In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
CBO’s estimate of the deficit for 2017 has decreased since August 2016, when the agency issued its previous estimates, primarily because mandatory spending is expected to be lower than earlier anticipated. However, the current projection for the cumulative deficit for the 2017–2026 period is about the same as that reported in August.
CBO’s economic forecast—which underlies its budget projections—indicates that under current law, economic growth over the next two years would remain close to the modest rate observed since the end of the recession in 2009. Nevertheless, economic growth would continue to outpace growth in potential (maximum sustainable) GDP and thus continue to reduce the amount of underused resources, or slack, in the economy. The result would be increases in hiring, employment, and wages, along with upward pressure on inflation and interest rates. In the later part of the 10-year projection period, output growth would be constrained by a relatively slow increase in the nation’s supply of labor.
The Budget Outlook
The Congressional Budget Office director Douglas Elmendorf presented on the budget outlook and consequences of high federal debt. He showed projections of growing deficits, spending, and debt as a percentage of GDP through 2023 if current laws remain. High and rising debt reduces flexibility, increases risk of crisis, and means future debt would be larger. It also crowds out investment and imposes long term healthcare and retirement spending pressures. Evaluating policy changes requires considering how much debt is reduced, the speed of reduction, resource allocation, long term growth effects, and distributional burdens across incomes and generations.
The 2013 Long-Term Budget Outlook
The document summarizes the Congressional Budget Office's 2013 Long-Term Budget Outlook press briefing by Director Douglas Elmendorf on September 17, 2013. It includes charts on federal debt held by the public, components of federal spending, total spending and revenues, and other budget projections under different assumptions. The document concludes that the budget is on an unsustainable path and that lawmakers face choices in the magnitude, policies, and timing of deficit reduction.
The 2017 Budget and Economic Outlook
Keith Hall, Director of the Congressional Budget Office, gave a presentation to the Prosperity Caucus on March 30, 2017 about the CBO's Budget and Economic Outlook for 2017 to 2027. The presentation discussed the current budget outlook, projected federal deficits and debt levels, and the CBO's economic forecasts for GDP growth, unemployment, and inflation over the next decade.
The 2017 Budget and Economic Outlook
Presentation by Keith Hall, CBO Director, to the National Economists Club.
In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
CBO’s estimate of the deficit for 2017 has decreased since August 2016, when the agency issued its previous estimates, primarily because mandatory spending is expected to be lower than earlier anticipated. However, the current projection for the cumulative deficit for the 2017–2026 period is about the same as that reported in August.
CBO’s economic forecast—which underlies its budget projections—indicates that under current law, economic growth over the next two years would remain close to the modest rate observed since the end of the recession in 2009. Nevertheless, economic growth would continue to outpace growth in potential (maximum sustainable) GDP and thus continue to reduce the amount of underused resources, or slack, in the economy. The result would be increases in hiring, employment, and wages, along with upward pressure on inflation and interest rates. In the later part of the 10-year projection period, output growth would be constrained by a relatively slow increase in the nation’s supply of labor.
CBO’s Assessment of the Economic Outlook Over the Next Decade
Presentation by Wendy Edelberg, CBO’s Assistant Director for Macroeconomic Analysis, at the University of Michigan’s 63rd Annual Economic Outlook Conference.
Under current law, CBO expects economic activity to expand modestly this year, to grow at a more solid pace in 2016 and 2017, and then to moderate in subsequent years.
CBO: Its Role, Long-Term Projections, and Use of Research
If current laws governing taxes and spending did not change, the condition of the federal budget would worsen considerably over the next three decades. Growth in federal spending would continue to outpace growth in federal revenues, leading to ever larger budget deficits.
Federal spending is projected to rise noticeably in relation to the economy because of growth in spending in Social Security, the major health programs, and interest on the government’s debt. Federal revenues would also increase if current laws remained generally unchanged, but they would increase much more slowly than federal spending.
Presentation by Keith Hall, CBO Director, at the 19th annual meeting of the Retirement Research Consortium.
An Overview of The 2020 Long-Term Budget Outlook
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Both CBO and the Social Security Trustees project a shortfall in Social Security’s finances, but they differ in their assessment of its magnitude. This presentation describes that difference and the major factors that contribute to it.Correcting for Underreporting of Government Transfers: A Regression-Based App...
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CBO’s analyses of the distribution of household income and federal taxes are based on administrative tax data from the Internal Revenue Service’s Statistics of Income (SOI) and on household survey data from the Census Bureau’s Current Population Survey (CPS). CPS respondents tend to underreport their receipt of government transfers, and the level of underreporting has increased over time. Any CPS-based analysis of the income distribution that does not correct for that underreporting will probably underestimate income growth at the bottom of the distribution and the role of government transfers in reducing income inequality.
In this presentation, CBO outlines a method to correct for underreporting in several transfer programs from 1979 through 2013 and examines the distributional effects of those corrections. The information is preliminary and is being circulated to stimulate discussion and critical comment.
Presentation by Bilal Habib, an analyst in CBO’s Tax Analysis Division, at a Washington Center for Equitable Growth workshop on distributional national accounts.The Economic Outlook for 2019 to 2029 in 21 Slides
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Gross domestic product, national income, disposable income, and real GDP all gradually increased from 2000 to 2010, with the exception of 2009 which saw a slight decrease due to the Great Recession. The economic growth rate peaked in 2000 at 4.1% before declining to a low of 1% in 2001 and then steadily increasing until reaching 3.8% in 2004, after which it gradually decreased to a low of 0.3% in 2008 during the Great Recession.
Press Briefing on The Budget and Economic Outlook
Douglas Elmendorf, Director of the Congressional Budget Office, gave a press briefing on February 4, 2014 about the CBO's projections for the budget and economy from 2014 to 2024. The CBO projected that total federal deficits will decline over the next few years but will rise again after 2018, federal debt held by the public will increase substantially over the projection period, and real GDP, unemployment rates, and labor force participation rates will improve gradually over the next 10 years.
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CBO: Its Role, Long-Term Projections, and Use of Research
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· 1-According to Lisa Huddlestun, "Macroeconomics is the study of behaviors and activities of the economy as a whole, looks at such areas as the Federal Reserve System, unemployment, gross domestic product (GDP), and business cycles" (Huddlestun 2015.) The Federal Reserve System's most important attribute is the regulation of the supply of money in circulation. This is important to the economy because it influences interest rates, money available for loans, and the overall price level of the economy. Unemployment could mean a loss of income for individuals and lost production for the economy. There are three type of unemployment; frictional unemployment, cyclical unemployment, and structural unemployment. Frictional includes people that have quit their jobs or have been fired causing them to be unemployed. Cyclical is related to the economy, such as being laid off during a recession. Structural unemployment is when someone hasn't been hired because they do not have the required skills or do not live in a high employment area. The gross domestic product (GDP) is determined by total economic spending. Economic spending includes consumer, business, and government spending. Lisa states, GDP is "the market value of all final products produced in a year's time" (Huddlestun 2015.) Economic performance is measured by GDP. An increase in GDP means the economy is growing. GDP also determines if there will be inflation or not. Policy makers look at past and present GDP to formulate policies to help economic growth. If we have economic growth then we could have an increase in production of goods and services. Microeconomics according to Lisa is, "the individual components of the economy, such as costs of production, maximizing profits, and the different market structures" (Huddlestun 2015.) Businesses are the suppliers of goods and services the individual wants. Most businesses want to make a profit, or maximize their profits. The level of output must be determined to help result in the greatest profit. Cost of production has a huge part in this. There are two types of cost production; variable and fixed costs. Fixed costs are costs that do not vary with the level of output, for example a rent payment. Variable costs are cost that change with level of output, like wages and raw material.
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1
Introduction
My name is Yinan Hong. I am your portfolio manager from Trailblazer
Investment Advisors. I am a CFA charter holder, equipped with sufficient financial
knowledge. I will help my customers manage their wealth and try my best to gain??
as much as possible. There are three objectives for my clients, Sam and Amy
Kratchman who have recently inherited … and have current savingswith
$1,100,000(on an after-tax basis) inheritance. The first one is having enough money
for their life after retirement at age 65. The second objective is raising college tuition
for their two children. The last one is to buy a beach house with newfound inheritance.
Ending summary
Economic Analysis
2014
GDP Growth
The economic recovery of United States in 2014 became a light brightspot in
global economy after the 2009 recession. The low price level do you mean low infl?
If so that isn’t really a great thing at the current time, decreasing unemployment rate,
better development of the what is the estate?estate and manufacturing industry made
the economy continuously recover although at a much lower rate than prev recoveries.
However, some important indexes like the investment of the real estate, income of
amy kratchman � 2016/10/16 12:32 PM
已设置格式: ⾏行行距: 1.5 倍⾏行行距
2
residents residents?, manufacturing have not reached to the same level as it performed
before the recession in 2014 – true – but RE was performing very well and is a strong
area of growth in 14. The percentage change in Real Gross Domestic Product in 2014
increased in the former three quarters and then decrease in the Q4.not true
In the first quarter, the change of GDP was 2.1% not correctnegative growth1.
The most important factor was the abominable weather. The personal consumption
expenditures for nondurable goods decreased because 1what is this? the inconvenient
of buying your table (footnoted) does not imply a decrease. The Gross private
domestic investment decreased 6.6% because of the huge lower equipment
investment1. The exports decreased extremely and the imports increased. They all led
to the negative growth.
Figure12 : CCI Index in 2014
The GDP growth reached to 4.0% in the second quarter. By analyzing the
components that affected overall GDP growth, personal consumption expenditures
1http://bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=3&isuri=1&904=2013&903=1&9
06=q&905=2016&910=x&911=0
2 FactSet
3
and gross private domestic investment played an important role in this significant
growth. Consumption contributed 2.56% change in GDP. After the severe weather,
the private inventory investment, exports, fixed investment, and non-federal
government spending increased.this is a rebound in pretty much all areas However, 5%
more imports negatively impact GDP and offset those positive contributors.
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Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
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Independent Study - College of Wooster Research (2023-2024)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
1. Elemental Economics - Introduction to mining.pdf
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessLabour Market Information Council | Conseil de l’information sur le marché du travail
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.一比一原版(IC毕业证)帝国理工大学毕业证如何办理
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STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Economic Risk Factor Update: June 2024 [SlideShare]
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
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CBO's Economic Projections
- 1. Congressional Budget Office Presentation at the NYU Stern Economic Outlook Forum New York City, New York Wendy Edelberg Assistant Director, Macroeconomic Analysis CBO’s Economic Projections September 8, 2015
- 3. CONGRESSIONAL BUDGET OFFICE 2 Growth of Real GDP
- 4. CONGRESSIONAL BUDGET OFFICE 3 Contributions to the Growth of Real GDP
- 5. CONGRESSIONAL BUDGET OFFICE 4 Real Total Compensation of Employees
- 6. CONGRESSIONAL BUDGET OFFICE 5 Business Investment
- 7. CONGRESSIONAL BUDGET OFFICE 6 Household Formation
- 8. CONGRESSIONAL BUDGET OFFICE 7 Growth of Trade
- 10. CONGRESSIONAL BUDGET OFFICE 9 Rates of Short- and Long-Term Unemployment
- 11. CONGRESSIONAL BUDGET OFFICE 10 Underuse of Labor
- 12. CONGRESSIONAL BUDGET OFFICE 11 Employment Shortfall The employment shortfall is the number of people who would be employed if the unemployment rate equaled its rate in December 2007 (the light blue bars) and if the labor force participation rate equaled its potential rate (the dark blue bars).
- 13. CONGRESSIONAL BUDGET OFFICE 12 The Labor Force, Employment, and Unemployment
- 14. CONGRESSIONAL BUDGET OFFICE 13 Labor Force Participation Rates
- 15. CONGRESSIONAL BUDGET OFFICE 14 Hourly Labor Compensation
- 16. CONGRESSIONAL BUDGET OFFICE 15
- 17. CONGRESSIONAL BUDGET OFFICE 16 GDP and Potential GDP
- 18. CONGRESSIONAL BUDGET OFFICE 17 Inflation
- 19. CONGRESSIONAL BUDGET OFFICE 18 Forecasts of Interest Rates by CBO, the Federal Reserve, and Federal Funds Futures
- 20. CONGRESSIONAL BUDGET OFFICE 19 Interest Rates
- 21. CONGRESSIONAL BUDGET OFFICE 20 Nominal and Real 10-Year Treasury Notes *Calculated using the consumer price index for all urban consumers.
- 22. CONGRESSIONAL BUDGET OFFICE 21 Spread Between 10-Year Treasury Notes and 3-Month Treasury Bills
- 23. CONGRESSIONAL BUDGET OFFICE 22 Interest Rates on 10-Year Treasury Notes