BRIC NATIONS TO LEAD THE WAY TO 50% of GlobalGDP by 2050 BRI
$SPY - Next GDP report is out soon is SPY topping out? - Daily - SPY has gaps to fill towards that 398 zone, close the daily candle above 388/389 for gap fill move - Daily candle rejects 388 zone, expect this to be TOP - On the weekly, we can see 354 level and below that 348
Pakistan is the only taxing industry more and more, that's why we are lagging. Tax collection from industry is around 70% while it's contribution is 20.9% in total GDP.
3.25% That’s the GDP growth the IMF now expects to see for the G7 in 2022. A year ago, the same projection was two percentage points higher. Look to see if G7 leaders will coordinate on unblocking ports and relieving some of the pressure on food supply to improve these numbers.
Debt is a big issue, with elevated debt-to-GDP ratios for all countries compared to before the pandemic. But their ability to service this debt will be hampered by: → Tighter US & European monetary policy → Surging commodity prices → A drastic decline in global trade growth
The Fed reckons taming inflation means doubling interest rates and unemployment rising, but it expects GDP to keep growing. Even if the central bank is right, the risk is that cooling consumer confidence squashes growth, says @GinaChon .
Big GDP projected. Pelosi only looking to Bail Out badly run Democrat Cities. Tap, Tap, Taping us along. She has little interest in helping out the “people”.
....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!
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!
The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!