#gdp numbers

[hale-my-nathan]

Trump Weird News - Trump's Tainted Motives

[reasonsforhope]

Over 10 years, trillions of dollars in assets have been extracted from global fossil fuels.

Total Fossil Fuel Divestment Surpasses $40 Trillion

Steady growth in the global divestment movement since 2012 has moved waves of money out of reach of fossil fuel industries. By the end of 2022, a total of 1,555 organizations with assets worth over $40 trillion have made commitments to divest--a cumulative sum representing nearly half the world’s annual GDP.

-via Yes! Magazine, 12/27/22

[go-21newstv]

Govt says recovery under way, warns of Covid surge - Times of India

Govt says recovery under way, warns of Covid surge – Times of India

[ad_1]

NEW DELHI: The government said on Friday that GDP numbersfor the second quarter were better than expected and there was a potential for an upside, but urged caution, as the pandemic was still raging and there are fears of a second wave of infections. “Compared to what several analysts had estimated, Q2 data is more encouraging, which was earlier reflected in high-frequency numbers,” chief…

View On WordPress

[newsresults]

Govt says recovery under way, warns of Covid surge – Times of India NEW DELHI: The government said on Friday that GDP numbers for the second quarter were better than expected and there was a potential for an upside, but urged caution, as the pandemic was still raging and there are fears of a second wave of infections.

[jgerardinc]

Follow me on Twitter @JGerardInc! 

[newsheadlines2020]

RBI projects 9.5 per cent GDP fall, sees revival promise in Q4

RBI projects 9.5 per cent GDP fall, sees revival promise in Q4

India could see its worst recession ever this financial year with the economy contracting by 9.5%, the Reserve Bank of India’s Monetary Policy Committee (MPC) predicted in its first projection for economic growth since the Covid-19 pandemic broke out in March. The committee left the key interest rate unchanged at 4%.

Things are already becoming better, the MPC’s…

View On WordPress

[newsoutbursts]

Guess who may rebound from Covid crisis first! The reckless and young

Guess who may rebound from Covid crisis first! The reckless and young

GDP numbers across the globe continue to show a grim picture and one of the largest global economies, United Kingdom, is the latest to join this list. Great Britain’s economy has plunged into a deep recession with a massive 20 per cent shrinkage between April and June. This is even more significant in the light of the fact that the UK economy was fairly resilient in recent times, till Covid-19…

View On WordPress

[monicasharmalove]

GDP data under cloud: Govt should know that this is a crisis of credibility

Company News

India’s government has long claimed that the country is one of the fastest-growing large economies in the world. That boast was a crucial part of the ruling party’s message in India’s recent election campaign — that, under Prime Minister Narendra Modi, the economy was in safe hands. Competence and sincerity as an economic manager is central to the image Modi has sought to project.

Unfortunately, that claim looks increasingly unsupportable. Earlier this month, official government figures revealed that the economy had been slowing for three quarters. After months of denial, the government also admitted that unemployment is higher than it has been for four decades. Now, Arvind Subramanian, a well-regarded economist who was till last year one of Modi’s most senior advisers, has argued in a Harvard working paper that India’s official figures overestimate growth by several percentage points. While the government claims that India is growing at 7%, Subramanian suggests it’s actually growing at closer to 4.5%.

Subramanian’s methodology can certainly be questioned, and his estimate of actual GDP growth may be wrong. But, the fact remains that he has merely made explicit, through comparisons across time and with other middle-income economies, the central puzzle of Indian GDP data: If India’s growing so fast, why do most other indicators suggest the economy is stagnating or slowing? Whether looking at credit growth or vehicle purchases, exports or investment, there’s little support for the idea that India is enjoying breakneck growth at the moment.

It’s past time that India’s government took this problem seriously — both the questions about India’s GDP data and the concerns about what the data reveals about the economy. So far, the government has denied that official data could be questioned, even though senior independent statisticians have quit after accusing politicians of concealing the unemployment figures.