Immigrant workers in the U.S. bring their knowledge of foreign markets and customs, which might be boosting international trade and U.S. GDP
Watch | GDP growth dips to 3.1% in Jan-Mar quarter, 4.2% in 2019-2020
At 4.2%, growth rate in FY20 is the slowest in over a decade. But more worrying is the unprecedented sharp downward revision to GDP growth in Q1, Q2 & Q3. What does it mean for the sanctity of the data & growth going forward? @Latha_Venkatesh
"We had forecast that GDP for Q4 will touch a new low at below 4 per cent. It has turned out to be worse at 3.1 per cent," Chidambaram tweeted.
A day after India released figures revealing that last year's GDP hit a 11-year low, woke up to this missive from the prime minister about everything this government has accomplished.
If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!
....Germany pays 1% (slowly) of GDP towards NATO, while we pay 4% of a MUCH larger GDP. Does anybody believe that makes sense? We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade. Change is coming!
The idea of a European Military didn’t work out too well in W.W. I or 2. But the U.S. was there for you, and always will be. All we ask is that you pay your fair share of NATO. Germany is paying 1% while the U.S. pays 4.3% of a much larger GDP - to protect Europe. Fairness!