The OECD Economic Outlook report projects that global economic growth is slowing as risks are mounting. World GDP growth is projected to decline from 3.7% in 2018 to 3.5% in both 2019 and 2020. Risks include escalating trade tensions, weaker investor sentiment towards emerging markets, and a potential slowdown in China that could negatively impact the global economy. The report calls for enhanced international cooperation to help prepare for more difficult economic times.
Economic situation summary
The uncertainty surrounding the spread of Covid 19 is significantly conditioning economic agents’ expectations for the coming years In this context, most international organizations (the IMF, OECD, World Bank and European Commission) project a contraction of GDP above 3 yearly for 2020 and warn of risks such as rising unemployment and a possible spike in inflation above 2 in some economies, and a future increase of debt as a result of the fiscal and monetary stimulus packages That said, these organizations also point out that without these expansionary measures, the economic recession would have been a lot worse.
In developed countries the gradual reactivation of the economy began in May with the easing of movement restrictions to contain the spread of the virus In the US the Fed improved its growth forecasts, envisioning a smaller decrease in GDP 3 4 yearly vs 6 5 previously), and revised its monetary policy goals with a more direct monitoring on the job creation objective In the Eurozone economic sentiment improved as the ECB continued its monetary stimulus plan, and the European Commission finalized details of a European recovery fund of 750 000 million.
In most emerging markets the spread of the virus continues to lower the expectations of economic agents, in some cases intensifying the structural risks to these economies (debt sustainability, unemployment In India and Brazil two of the countries most affected by the pandemic, GDP is forecast to contract in 2020 by 10 2 and 6 5 yearly and respectively In China the curve representing new cases seems to be under control, and economic activity has rebounded strongly in the second half of 2020 creating a V shaped recovery.
Arthur D.Little - Global Automotive Report June_2019Fabrizio Arena
Please take a look at our new Automotive Report – June 2019 with Global market overview and main registrations results in Europe and Italy
Please note that this issue also includes a focus on the Electric Vehicles Market
Global growth is moderatng as the recovery in trade
and manufacturing actvity loses steam. Despite
ongoing negotatons, trade tensions among major
economies remain elevated. These tensions, combined
with concerns about sofening global growth prospects, have weighed on investor sentment and contributed to
declines in global equity prices. Borrowing costs for
emerging market and developing economies (EMDEs)
have increased, in part as major advanced-economy
central banks contnue to withdraw policy
accommodaton in varying degrees. A strengthening
U.S. dollar, heightened financial market volatlity, and
rising risk premiums have intensified capital outlow
and currency pressures in some large EMDEs, with
some vulnerable countries experiencing substantal
financial stress. Energy prices have fluctuated markedly,
mainly due to supply factors, with sharp falls toward
the end of 2018. Economic actvity in the Euro Area has
been somewhat weaker than previously expected,
owing to slowing net exports. EMDE growth edged
down to an estmated 4.2 percent in 2018 as a number
of countries with elevated current account deficits
experienced substantal financial market pressures and
appreciable slowdowns in actvity. In low-income
countries (LICs), growth is firming as infrastructure
investment contnues and easing drought conditons
support a rebound in agricultural output.
Quarterly report Q1 perspectives global and spanish economy January 2019Círculo de Empresarios
.Overview of the economic situation Q1-2019
Despite being in a favourable economic cycle (global growth still above 3%), GDP estimates are being revised downwards (IMF, OECD, European Commission, etc.).
The striking main causes: economic cycle phase change, trade slowdown, Trump’s protectionism, monetary policy normalisation, political tensions stemming from populism (Brexit, Italy, etc.) and worse economic expectations in China and Germany.
The growth of world GDP exhibits less synchronisation than in January 2018. In advanced economies, the US expands at rates above 2%, supported by fiscal stimuli and an unemployment rate at record lows. In contrast, the EU loses strength due to the uncertainty associated with Brexit & Italy and the consequences of the trade war having a greater impact on the German external sector.
In emerging markets, on the one hand, given their high levels of debt, the evolution of their growth and inflation rates depend on the rise in US interest rates and the unfolding of oil prices. On the other hand, the financial instability resulting from the near end of the economic cycle and lower prospects for the growth in corporate profits in 2019 worry the financial markets, manifested through an increase in volatility.
2020 ends with a world economic contraction above 4%, the biggest GDP decrease since World War 2. Among developed nations, growth comes to a standstill after the renewal of activity in Q3 as a result of the surge in cases and the movement restrictions. Services, especially those related to the hotel and leisure industry, experience the biggest losses. On the other hand, industry is advancing at a steady rhythm as international trade is reactivated.
In the US, the perspectives appear to indicate that the economy will register positive growth in Q4 2020, in spite of the recent surge in Covid-19 cases. In this context, the Fed has improved its growth forecasts and has announced that it will maintain its stimulus policy until there are improvements in employment and inflation reaches the target levels in the medium- to long-term (most likely at the end of 2022).
In the Eurozone, where restrictions have been tighter, a new contraction in GDP in Q4 is expected. Also, the outlook for Q1 2021 indicates that economic activity will not experience any significant growth, in spite of the vaccination campaigns in place by a variety of governments in member states.
In emerging economies, although a slight recovery is expected due to the reactivation of trade and the increase in prices for raw materials, different levels of performance can be observed. China, with the spread of the virus under control, is the country with the best economic data among the main powers. Other Asian economies such as Taiwan or Vietnam forecast annual growth rates close to 2% for 2020. On the other hand, India’s economy has slumped, with a decrease of -7.4%. In South America, the lack of control caused by the pandemic has added to several structural issues that are dragging down some economies (high levels of debt and unemployment), all of which is conditioning future recovery.
Economic situation summary
The uncertainty surrounding the spread of Covid 19 is significantly conditioning economic agents’ expectations for the coming years In this context, most international organizations (the IMF, OECD, World Bank and European Commission) project a contraction of GDP above 3 yearly for 2020 and warn of risks such as rising unemployment and a possible spike in inflation above 2 in some economies, and a future increase of debt as a result of the fiscal and monetary stimulus packages That said, these organizations also point out that without these expansionary measures, the economic recession would have been a lot worse.
In developed countries the gradual reactivation of the economy began in May with the easing of movement restrictions to contain the spread of the virus In the US the Fed improved its growth forecasts, envisioning a smaller decrease in GDP 3 4 yearly vs 6 5 previously), and revised its monetary policy goals with a more direct monitoring on the job creation objective In the Eurozone economic sentiment improved as the ECB continued its monetary stimulus plan, and the European Commission finalized details of a European recovery fund of 750 000 million.
In most emerging markets the spread of the virus continues to lower the expectations of economic agents, in some cases intensifying the structural risks to these economies (debt sustainability, unemployment In India and Brazil two of the countries most affected by the pandemic, GDP is forecast to contract in 2020 by 10 2 and 6 5 yearly and respectively In China the curve representing new cases seems to be under control, and economic activity has rebounded strongly in the second half of 2020 creating a V shaped recovery.
Arthur D.Little - Global Automotive Report June_2019Fabrizio Arena
Please take a look at our new Automotive Report – June 2019 with Global market overview and main registrations results in Europe and Italy
Please note that this issue also includes a focus on the Electric Vehicles Market
Global growth is moderatng as the recovery in trade
and manufacturing actvity loses steam. Despite
ongoing negotatons, trade tensions among major
economies remain elevated. These tensions, combined
with concerns about sofening global growth prospects, have weighed on investor sentment and contributed to
declines in global equity prices. Borrowing costs for
emerging market and developing economies (EMDEs)
have increased, in part as major advanced-economy
central banks contnue to withdraw policy
accommodaton in varying degrees. A strengthening
U.S. dollar, heightened financial market volatlity, and
rising risk premiums have intensified capital outlow
and currency pressures in some large EMDEs, with
some vulnerable countries experiencing substantal
financial stress. Energy prices have fluctuated markedly,
mainly due to supply factors, with sharp falls toward
the end of 2018. Economic actvity in the Euro Area has
been somewhat weaker than previously expected,
owing to slowing net exports. EMDE growth edged
down to an estmated 4.2 percent in 2018 as a number
of countries with elevated current account deficits
experienced substantal financial market pressures and
appreciable slowdowns in actvity. In low-income
countries (LICs), growth is firming as infrastructure
investment contnues and easing drought conditons
support a rebound in agricultural output.
Quarterly report Q1 perspectives global and spanish economy January 2019Círculo de Empresarios
.Overview of the economic situation Q1-2019
Despite being in a favourable economic cycle (global growth still above 3%), GDP estimates are being revised downwards (IMF, OECD, European Commission, etc.).
The striking main causes: economic cycle phase change, trade slowdown, Trump’s protectionism, monetary policy normalisation, political tensions stemming from populism (Brexit, Italy, etc.) and worse economic expectations in China and Germany.
The growth of world GDP exhibits less synchronisation than in January 2018. In advanced economies, the US expands at rates above 2%, supported by fiscal stimuli and an unemployment rate at record lows. In contrast, the EU loses strength due to the uncertainty associated with Brexit & Italy and the consequences of the trade war having a greater impact on the German external sector.
In emerging markets, on the one hand, given their high levels of debt, the evolution of their growth and inflation rates depend on the rise in US interest rates and the unfolding of oil prices. On the other hand, the financial instability resulting from the near end of the economic cycle and lower prospects for the growth in corporate profits in 2019 worry the financial markets, manifested through an increase in volatility.
2020 ends with a world economic contraction above 4%, the biggest GDP decrease since World War 2. Among developed nations, growth comes to a standstill after the renewal of activity in Q3 as a result of the surge in cases and the movement restrictions. Services, especially those related to the hotel and leisure industry, experience the biggest losses. On the other hand, industry is advancing at a steady rhythm as international trade is reactivated.
In the US, the perspectives appear to indicate that the economy will register positive growth in Q4 2020, in spite of the recent surge in Covid-19 cases. In this context, the Fed has improved its growth forecasts and has announced that it will maintain its stimulus policy until there are improvements in employment and inflation reaches the target levels in the medium- to long-term (most likely at the end of 2022).
In the Eurozone, where restrictions have been tighter, a new contraction in GDP in Q4 is expected. Also, the outlook for Q1 2021 indicates that economic activity will not experience any significant growth, in spite of the vaccination campaigns in place by a variety of governments in member states.
In emerging economies, although a slight recovery is expected due to the reactivation of trade and the increase in prices for raw materials, different levels of performance can be observed. China, with the spread of the virus under control, is the country with the best economic data among the main powers. Other Asian economies such as Taiwan or Vietnam forecast annual growth rates close to 2% for 2020. On the other hand, India’s economy has slumped, with a decrease of -7.4%. In South America, the lack of control caused by the pandemic has added to several structural issues that are dragging down some economies (high levels of debt and unemployment), all of which is conditioning future recovery.
Arthur D. Little Automotive report December 2020Fabrizio Arena
Please take a look at our Automotive Report – December 2020 with Global market overview and main registrations results in Europe and Italy
Please note that this issue also includes a Focus on the BEVs impact on After Sales Business
Arthur D. Little - Global Automotive Market Report March 2021Fabrizio Arena
Please take a look at our Automotive Market Report – March 2021 with a global market overview and main registrations results in Europe and Italy
Starting from March 2020 sales have been heavily hit by Covid-19 outbreak so, to make figures comparable, this edition of Automotive Report compares 2021 and 2019 data
2017 Global Economic Outlook by Dun & BradstreetDun & Bradstreet
Learn from Dun & Bradstreet’s economists as they share our 2017 global economic outlook. Discover the top five economic game changers, take a look at the short-term economic outlook and view deep-dive analyses on featured countries.
Arthur D. Little - Global Automotive Market Report June 2021Fabrizio Arena
Please take a look at our Automotive Report – June 2021 with Global market overview and main registrations results in Europe and Italy
Please note that this issue also includes a Focus on EV Chinese offensive in the European market
Quarterly Report. Perspectives on Global and Spanish economy Q2-2019Círculo de Empresarios
The main international organisations (IMF, OECD, European Commission, etc.) continue to downgrade their growth expectations in light of the new geopolitical and economic scenario. Q1 2019 has been marked by the darkening economic outlook, the waning confidence of the private sector, and the mounting global uncertainty, which is at record levels of 2016, mainly due to the impact of trade tensions between the US and China, the fears associated with Brexit, the weakening of the multilateral trade, the lack of leadership, and the rise of populism.
Globally, the slowdown in growth is confirmed, although better prospects are maintained for 2020. In advanced economies, there is a less robust & synchronised progress, symptoms of nearing the end of the expansion phase of the business cycle, and the US & euro area economies are decoupling. The US maintains a growth rate of over 2% per year & an unemployment rate at record lows, although the expansionary effect of its fiscal policy is beginning to subside. On the other hand, there is less dynamism in the EU, mainly due to the weakness of the German industry, the political & economic fragility of Italy, and the institutional crisis of the United Kingdom stemming from the indetermination of the final agreement of the Brexit.
Macroeconomic imbalances persist in emerging countries, mainly in Turkey and Argentina, given their high debt levels, and the evolution of their growth & inflation rates. All this in a context contingent on the monetary policy of the main central banks, the evolution of oil price & other raw materials, the trade war, and lower profits margins.
View more documents https://circulodeempresarios.org/en/coleccion/informe-trimestral-en/
D&B's 2013 mid-year Global Economic Outlook gives an update on regional insights, upgrades and downgrades for countries around the world so far in 2013, as well as a prediction for these economies through 2017.
Growth Momentum in SouthEast Asia MarketsCanvassco
When it comes to economic growth in Asia, Southeast Asia (SEA) is one of the most potential markets. Its economic bloc could become the fourth-largest economy in the world by 2030 after the United States, China, and the European Union with four countries in the region – Indonesia, Malaysia, the Philippines, and Thailand – are expected to have a GDP exceeding $1 trillion by 2030. With such a healthy growth outlook, our team collected data for selected markets in the region as an executive summary to understand the growth potential on each market.
Arthur D. Little Automotive Report February 2020 Fabrizio Arena
Please take a look at our Automotive Report – February 2020 with a special focus on COVID-19 impact on OEMs production and sales
You may also find main registrations results in Europe and Italy
Slides from NERI Quarterly Economic Observer (QEO) Summer, 2019 Launch which took place in Buswells Hotel on Thursday 18th July, 2019. The QEO proposes changes to the taxation of capital stocks in the Republic, in particular reforms to Local Property Tax.
Brazil Transaction Insights Q3 2019 By Duff & Phelps Ana Lucia Amaral
Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security,
compliance and regulatory matters, and other governance-related issues. We work with clients across diverse sectors, mitigating risk to assets, operations and people. For more information, visit www.duffandphelps.com.
Arthur D. Little Automotive Report October 2021Fabrizio Arena
Please take a look at our Automotive Report – October 2021 with main registrations results in Europe and Italy
Starting from March 2020 sales have been heavily hit by Covid-19 outbreak so, to make figures comparable, this edition of Automotive Report compares 2021 and 2019 data
OECD: The impact of the Covid-19 outbreak on economic (Presentation)chaganomics
The impact of the Covid-19 outbreak on economic prospects is severe Growth was weak but stabilising until the coronavirus Covid-19 hit. Restrictions on movement of people, goods and services, and containment measures such as factory closures have cut manufacturing and domestic demand sharply in China. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing.
Arthur D. Little Automotive report December 2020Fabrizio Arena
Please take a look at our Automotive Report – December 2020 with Global market overview and main registrations results in Europe and Italy
Please note that this issue also includes a Focus on the BEVs impact on After Sales Business
Arthur D. Little - Global Automotive Market Report March 2021Fabrizio Arena
Please take a look at our Automotive Market Report – March 2021 with a global market overview and main registrations results in Europe and Italy
Starting from March 2020 sales have been heavily hit by Covid-19 outbreak so, to make figures comparable, this edition of Automotive Report compares 2021 and 2019 data
2017 Global Economic Outlook by Dun & BradstreetDun & Bradstreet
Learn from Dun & Bradstreet’s economists as they share our 2017 global economic outlook. Discover the top five economic game changers, take a look at the short-term economic outlook and view deep-dive analyses on featured countries.
Arthur D. Little - Global Automotive Market Report June 2021Fabrizio Arena
Please take a look at our Automotive Report – June 2021 with Global market overview and main registrations results in Europe and Italy
Please note that this issue also includes a Focus on EV Chinese offensive in the European market
Quarterly Report. Perspectives on Global and Spanish economy Q2-2019Círculo de Empresarios
The main international organisations (IMF, OECD, European Commission, etc.) continue to downgrade their growth expectations in light of the new geopolitical and economic scenario. Q1 2019 has been marked by the darkening economic outlook, the waning confidence of the private sector, and the mounting global uncertainty, which is at record levels of 2016, mainly due to the impact of trade tensions between the US and China, the fears associated with Brexit, the weakening of the multilateral trade, the lack of leadership, and the rise of populism.
Globally, the slowdown in growth is confirmed, although better prospects are maintained for 2020. In advanced economies, there is a less robust & synchronised progress, symptoms of nearing the end of the expansion phase of the business cycle, and the US & euro area economies are decoupling. The US maintains a growth rate of over 2% per year & an unemployment rate at record lows, although the expansionary effect of its fiscal policy is beginning to subside. On the other hand, there is less dynamism in the EU, mainly due to the weakness of the German industry, the political & economic fragility of Italy, and the institutional crisis of the United Kingdom stemming from the indetermination of the final agreement of the Brexit.
Macroeconomic imbalances persist in emerging countries, mainly in Turkey and Argentina, given their high debt levels, and the evolution of their growth & inflation rates. All this in a context contingent on the monetary policy of the main central banks, the evolution of oil price & other raw materials, the trade war, and lower profits margins.
View more documents https://circulodeempresarios.org/en/coleccion/informe-trimestral-en/
D&B's 2013 mid-year Global Economic Outlook gives an update on regional insights, upgrades and downgrades for countries around the world so far in 2013, as well as a prediction for these economies through 2017.
Growth Momentum in SouthEast Asia MarketsCanvassco
When it comes to economic growth in Asia, Southeast Asia (SEA) is one of the most potential markets. Its economic bloc could become the fourth-largest economy in the world by 2030 after the United States, China, and the European Union with four countries in the region – Indonesia, Malaysia, the Philippines, and Thailand – are expected to have a GDP exceeding $1 trillion by 2030. With such a healthy growth outlook, our team collected data for selected markets in the region as an executive summary to understand the growth potential on each market.
Arthur D. Little Automotive Report February 2020 Fabrizio Arena
Please take a look at our Automotive Report – February 2020 with a special focus on COVID-19 impact on OEMs production and sales
You may also find main registrations results in Europe and Italy
Slides from NERI Quarterly Economic Observer (QEO) Summer, 2019 Launch which took place in Buswells Hotel on Thursday 18th July, 2019. The QEO proposes changes to the taxation of capital stocks in the Republic, in particular reforms to Local Property Tax.
Brazil Transaction Insights Q3 2019 By Duff & Phelps Ana Lucia Amaral
Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security,
compliance and regulatory matters, and other governance-related issues. We work with clients across diverse sectors, mitigating risk to assets, operations and people. For more information, visit www.duffandphelps.com.
Arthur D. Little Automotive Report October 2021Fabrizio Arena
Please take a look at our Automotive Report – October 2021 with main registrations results in Europe and Italy
Starting from March 2020 sales have been heavily hit by Covid-19 outbreak so, to make figures comparable, this edition of Automotive Report compares 2021 and 2019 data
OECD: The impact of the Covid-19 outbreak on economic (Presentation)chaganomics
The impact of the Covid-19 outbreak on economic prospects is severe Growth was weak but stabilising until the coronavirus Covid-19 hit. Restrictions on movement of people, goods and services, and containment measures such as factory closures have cut manufacturing and domestic demand sharply in China. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing.
The Wind of Change: Economic and Financial OutlookLatvijas Banka
Presentation by Governor of Latvijas Banka and member of the Governing Council of the European Central Bank Mārtiņš Kazāks during discussion on Latvia's economic developments in Brussels.
DELSA/GOV 3rd Health meeting - Christian KASTROPOECD Governance
This presentation by Christian KASTROP was made at the 3rd Joint DELSA/GOV Health Meeting, Paris 24-25 April 2014. Find out more at www.oecd.org/gov/budgeting/3rdmeetingdelsagovnetworkfiscalsustainabilityofhealthsystems2014.htm
Will risks-derail-the-modest-recovery-oecd-interim-economic-outlook-march-2017OECD, Economics Department
Global GDP growth is projected to pick up modestly to around 3½ per cent in 2018, from just under 3% in 2016, boosted by fiscal initiatives in the major economies. The forecast is broadly unchanged since November 2016. Confidence has improved, but consumption, investment, trade and productivity are far from strong, with growth slow by past norms and higher inequality.
Better but-not-good-enough-oecd-economic-outlook-presentation-june-2017Michael D. Underhill
Global Economic Outlook, June 2017: OECD expects global GDP to grow at a 3.5% clip this year and at a 3.6% pace in 2018, thanks in part to stronger business and consumer confidence, recovering trade flows and improving unemployment dynamics.
A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand.
Presentation of Prof. Lars Feld - The Economic Situation in EMU - Where do we...Bankenverband
GCEE Business Cycle Update, March 2018: “In the euro area, the level of indebtedness of many member states remains very high. This is particularly true of Italy where the national debt stands at over 130 % of GDP. Should financial markets lose confidence in the sustainability of public debt on account of the political uncertainty resulting from the outcome of the election, given the size of the Italian economy a return of the euro crisis cannot be ruled out. Furthermore, risks to financial stability continue to persist in certain member states due to the fragility of many banks, particularly with regard to the extent of non-performing loans.”
Learn all about the economic outlook from Sage Policy Group, Inc.'s presentation for Citrin Cooperman's October 19 event, Economic Summit: Planning Your Business for Tomorrow's Economy.
Similar to Growth has-peaked-amidst-escalating-risks-economic-outlook-presentation-11-2018 (20)
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
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1. 21 November 2018
Ángel Gurría
OECD Secretary-General
Laurence Boone
OECD Chief Economist
OECD ECONOMIC OUTLOOK
Growth has peaked amidst
escalating risks
http://www.oecd.org/eco/outlook/economic-outlook/
ECOSCOPE blog: oecdecoscope.wordpress.com
2. Key messages
2
Global growth is slowing
Clouds are gathering on the horizon
Enhance cooperation and prepare for more difficult times
3. 3
Global GDP growth is losing momentum
World
Note: G-20 advanced economies are Australia, Canada, France, Germany, Italy, Japan, Korea, the United Kingdom and the United States.
G-20 emerging economies are Argentina, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa and Turkey.
Source: OECD Economic Outlook database; and OECD calculations.
G-20 Advanced G-20 Emerging
3.3
3.4
3.5
3.6
3.7
3.8
3.9
4.0
2017 2018 2019 2020
May projections
% y-o-y
1.7
1.8
1.9
2.0
2.1
2.2
2.3
2.4
2017 2018 2019 2020
September projections
% y-o-y
4.9
5.0
5.1
5.2
5.3
5.4
5.5
5.6
2017 2018 2019 2020
November projections
% y-o-y
4. 2018 2019 2020 2018 2019 2020
World 3.7 3.5 3.5
G-20 3.8 3.7 3.7
Australia 3.1 2.9 2.6 Argentina -2.8 -1.9 2.3
Canada 2.1 2.2 1.9 Brazil 1.2 2.1 2.4
Euro area 1.9 1.8 1.6 China 6.6 6.3 6.0
Germany 1.6 1.6 1.4 India1
7.5 7.3 7.4
France 1.6 1.6 1.5 Indonesia 5.2 5.2 5.1
Italy 1.0 0.9 0.9 Mexico 2.2 2.5 2.8
Japan 0.9 1.0 0.7 Russia 1.6 1.5 1.8
Korea 2.7 2.8 2.9 Saudi Arabia 1.7 2.6 2.5
United Kingdom 1.3 1.4 1.1 South Africa 0.7 1.7 1.8
United States 2.9 2.7 2.1 Turkey 3.3 -0.4 2.7
OECD Economic Outlook projections
4
Real GDP growth revised down
Year-on-year, %. Arrows for 2018 and 2019 indicate the direction of revisions since September 2018.*
*The OECD Economic Outlook includes for the first time projections up to 2020.
Note: Dark orange for downward revisions of 0.3 percentage points and more. Light green and light orange for, respectively, upward and
downward revisions of less than 0.3 percentage point. Difference in percentage points based on rounded figures. The European Union is a
full member of the G-20, but the G-20 aggregate only includes countries that are also members in their own right.
1. Fiscal years starting in April.
6. 94
96
98
100
102
104
94
96
98
100
102
104
2015 2016 2017 2018
Future output New business
Index 100 =
2015-2018 average
Index 100 =
2015-2018 average
6
Activity is losing steam
Note: Left panel: industrial production and retail sales aggregated using purchasing power parity weights. Data for retail sales volume
growth are retail sales in the majority of countries, but monthly household consumption is used for the United States and the monthly
synthetic consumption indicator is used for Japan. Retail sales data are not available for India. Estimates for 18Q3 based on data for the
three months up to August. Right panel: Global composite PMI, 3-month moving average, data as of October 2018.
Source: OECD Economic Outlook Database; Thomson Reuters; Markit; and OECD calculations.
Global short-term activity Global business expectations
0
1
2
3
4
5
0
1
2
3
4
5
2015 2016 2017 2018
Industrial production growth
Retail sales volume growth
% y-o-y % y-o-y
7. 45
50
55
60
65
45
50
55
60
65
2015 2016 2017 2018
Global United States
Germany ChinaIndex Index
7Note: Right panel: Data from 88 ports worldwide.
Source: Markit; Institute of Shipping Economics and Logistics; and OECD calculations.
Container port traffic
Trade growth is decelerating
Manufacturing new export orders
-4
-2
0
2
4
6
8
10
12
-4
-2
0
2
4
6
8
10
12
2015 2016 2017 2018
Quarter-on-quarter Year-on-year
% changes, a.r. % changes, a.r.
Contracting
Expanding
8. 8
Fiscal and monetary policies:
taking the foot off the accelerator
0
10
20
30
40
50
60
70
80
90
100
0
10
20
30
40
50
60
70
80
90
100
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
United States Euro area Japan
% of GDP % of GDP
-1.6
-1.2
-0.8
-0.4
0.0
0.4
0.8
1.2
1.6
-1.6
-1.2
-0.8
-0.4
0.0
0.4
0.8
1.2
1.6
USA CAN ITA OECD Euro
area
FRA JPN DEU GBR
2016-2018 2018-2020
% pts of potential
GDP
% pts of potential
GDP
Tightening
Easing
Note: Right panel: the OECD aggregate measures the change for the median OECD country over the periods shown.
Source: Board of Governors of the Federal Reserve System; Bank of Japan; European Central Bank; OECD Economic Outlook
database; and OECD calculations.
Change in general government
primary balance
Central bank total assets
9. Labour shortages are rising
but employment can still improve
9
Labour shortages
Based on business surveys
Note: Left panel: Data normalised over the 2002-2018 period. Right panel: the employment rate is defined as the number of employed
people as a share of the working-age population (15 to 64 years old).
Source: OECD Economic Outlook database, National Federation of Independent Business; European Commission; Bank of Japan;
and OECD calculations.
Employment rates
Change between 2007 and 2017
-6
-4
-2
0
2
4
6
8
-6
-4
-2
0
2
4
6
8
% pts % pts
-2
-1
0
1
2
3
4
-2
-1
0
1
2
3
4
United States Euro area Japan
Normalised Normalised
10. Wages and prices are set to rise moderately
Inflation
Consumer price inflation, excluding food and energy
Note: Right panel: Core inflation excludes energy and food products and refers to harmonised data for the euro area. Inflation numbers for
Japan are adjusted for the 2014 and planned 2019 consumption tax hikes.
Source: OECD Economic Outlook Database; and OECD calculations.
10
Wage growth
Average annual growth in nominal wages
-1
0
1
2
3
4
5
-1
0
1
2
3
4
5
United States Euro area Japan
1995-2007 2008-2017 2018-2020 (projected)% %
-0.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
-0.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
2015 2016 2017 2018 2019 2020
United States Euro area Japan
% %
12. Widespread trade restrictions would
disrupt value chains, hurting jobs
Note: The size of a bubble represents the share of world trade in value-added terms (exports plus imports of value added) of that country or
economic area. The thickness of the lines between two bubbles measures the amount of bilateral value-added trade between two trading
partners. There are bilateral trade flows between all economies shown but those below approximately 0.2% of total world trade flows are not
shown. Dynamic Asia Economies (DAE) include Chinese Taipei; Hong Kong, China; Indonesia; Malaysia; the Philippines; Singapore; and
Thailand. Other emerging markets (OEM) include the remaining 129 countries in the world and account for around 10% of world trade.
Source: Gephi; IMF Direction of Trade Statistics database; OECD Economic Outlook database; and OECD Calculations.
12
Exports and imports of goods
13. Tariff hikes act as a brake
on GDP growth
Note: Current tariffs include all tariffs imposed on bilateral US-China trade in 2018 up to the end of September. The purple scenario shows
the additional impact of the United States raising tariffs on $200 billion of imports from China from 10% to 25% from January 2019 (with
reciprocal action by China on $60 billion of imports from the United States). The orange scenario shows the additional impact if tariffs of
25% are imposed on all remaining bilateral non-commodity trade between China and the United States from July 2019. The red scenario
shows the additional impact of related uncertainty resulting in a rise of 50bp in investment risk premia in all countries in 2019-2021.
Source: OECD calculations.
13
-2.0
-1.6
-1.2
-0.8
-0.4
0.0
USA GDP China GDP World GDP World Trade Trade excl. USA &
China
%
Impact on GDP and trade by 2021, per cent difference from baseline
14. Weaker investor confidence towards EMEs
would drag down growth
14
Source: OECD calculations.
Output effect of higher interest rates in emerging-market economies
GDP impact of a 1 percentage point rise in investment risk premia in all EMEs, difference from baseline
-0.6
-0.5
-0.4
-0.3
-0.2
-0.1
0.0
-0.6
-0.5
-0.4
-0.3
-0.2
-0.1
0.0
Brazil Indonesia Russia China non-OECD India Mexico South Africa OECD
%% 2019 2020
15. -0.4
-0.3
-0.2
-0.1
0.0
-0.4
-0.3
-0.2
-0.1
0.0
United States Euro area Germany Japan East Asia Commodity
exporters
% pts % pts
A slowdown in China
would weigh on growth across the world
15
Note: Based on a decline of 2 percentage points in the growth rate of domestic demand in China for two years. Policy interest rates are
endogenous in all areas. “Commodity exporters” include: Australia, Brazil, Indonesia, Russia, South Africa and the other oil producers.
All countries and regions are weighted using purchasing power parities.
Source: OECD calculations.
GDP growth impact of a negative demand shock of 2% pts in China
First year
16. 90
95
100
105
110
115
120
125
130
90
95
100
105
110
115
120
125
130
Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18
S&P 500 EuroStoxx TOPIX
Jan. 2017 = 100 Jan. 2017 = 100
16Note: Data as of 19 November 2018.
Source: OECD Economic Outlook database; Thomson Reuters; and OECD calculations.
A materialisation of risks
could deepen asset price corrections
Equity prices have fallen recently Stock valuations remain elevated
Cyclically adjusted average Price/Earnings ratios
0
5
10
15
20
25
30
35
40
0
5
10
15
20
25
30
35
40
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
United States Euro area Japan
17. 0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18
Italy Portugal Spain Ireland% %
17
Note: Left panel: Sovereign spreads refer to the difference between the yield on a country's 10-year bond issue and the yield on a bond
issued by Germany as a benchmark country. Data as of 19 November 2018. Right panel: Banking credit, adjusted for sales and
securitisation, from domestic banks to euro area non-financial corporations.
Source: Thomson Reuters; European Central Bank; and OECD calculations.
Political risks in the euro area
may weigh on credit growth
Credit growth to firms remains low
Banking credit to non-financial corporations
Sovereign spreads have risen in
Italy, but contagion is limited
-15
-10
-5
0
5
10
15
20
25
30
35
-15
-10
-5
0
5
10
15
20
25
30
35
2004 2006 2008 2010 2012 2014 2016 2018
Italy Germany France Spain
% y-o-y % y-o-y
18. 18
Note: Combined effects of an increase of 20 USD per barrel in oil prices, an increase of 1 percentage point in investment risk premia in all
emerging-market economies and a 25 per cent tariff on US-China bilateral trade from 2019 onwards. All shocks are assumed to last for five
years. Effect on GDP at constant prices.
Source: OECD calculations.
Higher tariffs on US-China trade, higher EME interest rates and higher oil prices
Difference from baseline GDP
A combination of risks could amplify each
other and seriously erode growth
-1.2
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
-1.2
-1.0
-0.8
-0.6
-0.4
-0.2
0.0
China United States Brazil India World OECD Euro area Japan
%% 2019 2020
20. 20
Note: Ad valorem equivalents, average across products and partner countries. The non-tariff measure estimate includes sanitary and
phytosanitary measures, technical barriers to trade, border control measures, and quantitative restrictions. The European Union excludes
intra-EU trade.
Source: OECD calculations, based on the METRO model and Cadot et al. (2018).
Tariffs and non-tariff measures
Revive cooperation to reduce trade barriers
and regulatory differences
0
2
4
6
8
10
12
14
0
2
4
6
8
10
12
14
United
States
Japan European
Union
Canada Mexico Indonesia China Russia India Brazil
%% Tariff rate Tariff equivalent of NTMs
21. -1
0
1
2
3
4
5
-1
0
1
2
3
4
5
2008 2010 2012 2014 2016 2018
United States Japan Germany France% %
21
Note: Left panel: Data as of 19 November 2018. Right panel: The fiscal scenario is a coordinated global fiscal easing of 0.5% of GDP
sustained for three years, with policy interest rates held fixed for three years. Simulations on the NiGEM global macroeconomic model, with
model-consistent expectations.
Source: OECD Economic Outlook database; and OECD calculations.
Impact of a coordinated fiscal stimulus
Global GDP, % difference from baseline
Coordinated action will be needed in a downturn
Long-term interest rates remain low
Yield on 10-year government bond issues, 15-day m.a.
-0.2
0.0
0.2
0.4
0.6
-0.2
0.0
0.2
0.4
0.6
2019 2020 2021 2022
Fiscal easing with fixed monetary policy rates% %
22. 22
Note: The unemployment benefits re-insurance scheme is a stabilisation mechanism for the euro area. Support from the fund, triggered
when the unemployment rate increases to high levels, is proportional to the size of the crisis. A participating country pays 0.1% of GDP per
year when the fund issues debt and an additional charge of 0.05% of GDP for every year support was received in the past 10 years.
Counterfactual simulations on GDP show that for an average annual contribution of 0.2% of GDP, the fund could achieve significant
stabilisation while avoiding permanent transfers between countries.
Source: OECD 2018 Euro area Economic Survey, Claveres; G. and J. Stráský (2018); and OECD calculations.
A common fiscal capacity would help
the euro area to smooth downturns
GDP growth stabilisation effect
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
2002 2004 2006 2008 2010 2012 2014 2016
Difference in annual growth for the euro area achieved by the fund
% %Global Financial crisis Euro area crisis
Higher growth
23. Raising skills and improving labour markets
helps increase wages and reduce inequality
23
Wage and productivity growth
Real wages, OECD countries
Source: OECD Economic Outlook November 2018, chapter 2.
100
105
110
115
120
125
130
135
100
105
110
115
120
125
130
135
1995 1997 1999 2001 2003 2005 2007 2009 2011 2013
Index 1995 = 100 Labour productivity Average wages Median wages
Contribution of declining
labour share
Contribution of increased
wage inequality
Index 1995 = 100
24. Product market reforms would
help reduce productivity gaps
24
Productivity divergence
Manufacturing and services
Note: The frontier is measured by the average of log labour productivity for the top 5% of companies with the highest productivity levels
globally across 24 OECD countries, separately within each 2-digit industry and year. “Firms below the frontier” capture the log productivity
for all other firms, constructed in a similar way. The series are normalised to 100 in the starting year (2003=100) and the time variation is
approximated by changes in the log measures x 100. Services denote market services excluding the financial sector.
Source: OECD calculations using Orbis data of Bureau van Dijk, following the methodology in Andrews et al. (2016).
90
100
110
120
130
140
150
160
90
100
110
120
130
140
150
160
2003 2005 2007 2009 2011 2013 2015
Frontier
Firms below the frontier
Index 2003 = 100 Index 2003 = 100
25. Key messages
25
Global growth is slowing
• Global growth is set to weaken on the back of slower trade growth and less supportive policies
• The OECD unemployment rate is at record low and wages are growing modestly
• Inflation has yet to pick up
Clouds are gathering on the horizon
• Tariff hikes are slowing growth and could disrupt value chains and jobs
• Emerging markets remain vulnerable to rising US rates and capital outflows
• Political and geopolitical risks increase uncertainty
Enhance cooperation and prepare for more difficult times
• Cooperation needed to reduce uncertainty, avoid protectionism, and act in face of a downturn
• Strengthen the euro area by completing the banking union and progressing on a common fiscal
capacity
• Step up action to reduce inequality and improve trust in governments