Good Morning from #Germany where Phillips Curve is alive & kicking. Compensation per employee running at 3.3% on year in Q3 for 2nd consecutive quarter, strongest wage growth since before labour mkt reforms of mid-1990s as unemployment rate lowest since reunification. (Jefferies)
Core investment growth, which runs the wheels of this country’s economy, is at its lowest. The household saving rate is also at its lowest at this time. Consumption spending rate is the lowest in 47 years: Shri@JaiveerShergill
India's real GDP growth in FY20 to be below 5%; revival steps to take time to filter through economy: #IHSMarkit
Creating a vibrant private sector that produces tech innovations is 1 promising way #MENA economies can achieve inclusive growth. To get there, govts in MENA need to move from being “doers” to becoming “enablers”.
Abhijit V. Banerjee & Esther Duflo discuss the limits of economic growth as a means to reduce poverty—and consider alternate policies that can raise living standards and reduce inequality:
China November exports fall, but import growth hints of recovering demand
#BecauseofEO "I come from a family business environment, so I can actually share my growth plans, some of my frustrations and challenges with fellow EO members. It's been a phenomenal experience." Shilpa Mehta, EO Durban
”People are suffering, people are dying, entire ecosystems are collapsing. We are in the beginning of a mass extinction and all you can talk about is money and fairytales of eternal economic growth.” Watch Greta Thunberg speak at the UN Monday morning.
"You have stolen my dreams and my childhood with your empty words," climate activist Greta Thunberg tells the UN. "We are in the beginning of a mass extinction and all you can talk about is money and fairy tales of eternal economic growth. How dare you."