#GDPGrowth

[cambcurrencies]

UK GDP Growth Sparks Little GBP Movement

Main Market Movers Today UK GDP Data: The UK has released its GDP figure for May, posting 0.2% growth month on month. This modest rise shows that UK economic activity is picking up but is recovering really slow. The backdrop of positive GDP data lent the British pound little support, though ongoing concerns of the broader economic outlook bridle these gains​. US CPI Data: The US will later…

[cmanateesto]

Think of the hedgefunds...

[kamini-vidrawan-ras-tablet]

Strong Economic Indicators Drive Market Confidence

In 2024, strong economic indicators are playing a pivotal role in driving stock market optimism. Despite global challenges, the US economy has shown resilience, and key metrics suggest sustained growth, fostering confidence among investors. These positive signals are helping to push stock prices higher, and analysts are increasingly optimistic about the year ahead.

Key Economic Indicators Fueling Market Confidence

Robust GDP Growth: The US economy continues to outperform expectations with strong GDP growth. The economy has shown signs of resilience despite global uncertainties, and analysts predict steady growth in 2024. The expansion in sectors like technology, healthcare, and consumer goods is helping support this positive economic trend. Investors are buoyed by the prospects of continued growth, driving stock market performance.

Low Unemployment Rate: The unemployment rate remains at historically low levels, reflecting a healthy labor market. As businesses continue to hire and wages rise, consumer confidence and spending are expected to remain strong. This not only supports domestic consumption but also boosts investor sentiment, as higher employment levels typically correlate with increased economic activity and higher corporate profits.

Strong Corporate Earnings: Companies across various sectors are reporting solid earnings growth, driven by both strong consumer demand and effective cost management. Technology, financials, and consumer goods have particularly benefitted from favorable economic conditions. These positive earnings reports are reinforcing investor confidence and supporting stock market gains, as companies continue to exceed analysts' expectations.

Inflation Under Control: While inflationary pressures have moderated, the Federal Reserve's actions to curb inflation through strategic interest rate adjustments have proven successful. Stable inflation is a crucial factor for economic stability, as it ensures predictable pricing and a favorable environment for investment and growth.

Global Economic Stability: Despite geopolitical challenges, the global economy has shown signs of stability. This is encouraging investors, as it indicates a favorable environment for multinational corporations to thrive. Additionally, the gradual recovery of supply chains and the normalization of trade relations are contributing to a more stable global economic outlook, further boosting market sentiment.Do you Know KVR?

Outlook for 2024 and Beyond

With these positive economic indicators, investors are hopeful that the upward trend in the stock market will continue throughout 2024. However, while strong economic data is encouraging, global risks, such as geopolitical tensions and potential policy shifts, still loom. Nonetheless, the solid foundation provided by strong GDP growth, low unemployment, and corporate earnings suggests that the market is positioned for a prosperous year.

As we move forward, all eyes will be on how these economic trends evolve and whether they can be sustained in the face of potential challenges. If these indicators continue to show strength, the market is likely to remain optimistic, setting the stage for further growth.

For a more in-depth analysis of the current economic trends and how they are impacting market confidence, stay tuned to ongoing reports from financial experts and market analysts.

[enterprisewired]

China Lowers Lending Rates Amid Economic Challenges

Source: economictimes.indiatimes.com

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Beijing takes action to stimulate demand and boost growth

Major Rate Cuts by PBOC

On Monday, China’s central bank, the People’s Bank of China (PBOC), announced a reduction in its main benchmark lending rates by 25 basis points during the monthly fixing. The one-year loan prime rate (LPR), which influences corporate and most household loans, was lowered to 3.1%, while the five-year LPR, the benchmark for mortgage rates, was cut to 3.6%. These changes signal China’s continued efforts to stimulate its sluggish economy through monetary policy adjustments.

This move had been widely anticipated after PBOC Governor Pan Gongsheng hinted at a possible rate reduction during a recent forum in Beijing. He noted that the central bank was likely to lower the loan prime rates by 20 to 25 basis points. This reduction follows similar cuts in previous months and is part of a broader strategy to address ongoing economic challenges, including a persistent property crisis and weak consumer confidence.

Analysis: Stimulus and Economic Strategy

The PBOC’s decision to cut Lending rates is part of a larger monetary stimulus plan aimed at stabilizing China’s economy. Along with the LPR cuts, Governor Pan also mentioned the potential for further reductions in the reserve requirement ratio (RRR) by 25 to 50 basis points by the end of the year, depending on liquidity needs. Additional measures, including a 20-basis-point cut to the seven-day reverse repurchase rate and a 30-basis-point reduction in the medium-term lending facility rate, were highlighted during his speech.

While the rate cuts are a positive step, experts believe more substantial measures are needed. Shane Oliver, chief economist at AMP, emphasized that lowering the cost of borrowing alone might not be enough to stimulate significant growth. He stressed that China’s real challenge lies in a lack of demand, calling for more aggressive fiscal stimulus to complement the monetary adjustments. Zhiwei Zhang, president of Pinpoint Asset Management, echoed this sentiment, arguing that despite the recent cuts, China’s real interest Lending rates remain too high. He expects additional rate reductions in 2024 as the U.S. Federal Reserve begins to lower its own rates.

Context: China’s Economic Landscape

China’s latest move to cut lending rates comes after a series of measures taken by the PBOC to support its economy, which has been grappling with multiple crises, including a prolonged slump in the property market. Last month, the central bank lowered the RRR by 50 basis points, releasing liquidity into the banking system to help ease financial pressures. These efforts are aimed at boosting consumer spending and investment, as the world’s second-largest economy struggles to regain its footing.

Recent economic data provides a mixed picture. While China’s third-quarter GDP growth of 4.6% year-on-year was slightly better than expected, the overall sentiment remains cautious. Retail sales and industrial production figures for September also exceeded forecasts, offering some hope. However, experts believe that without stronger demand and more comprehensive fiscal support, China’s economic recovery may remain slow.

The PBOC’s recent actions, including the latest rate cuts, reflect its commitment to stabilizing the economy. However, the road to recovery remains uncertain, with many calling for a balanced approach that includes both monetary and fiscal policy initiatives to address the underlying structural issues.

[hybrid-minds]

India’s Digital Economy: Projected to Soar to 20% of GDP by 2026

India's digital economy is on a remarkable trajectory, with projections indicating it could contribute as much as 20% to the country's GDP by 2026. This article explores the factors driving this growth, including technological advancements, government initiatives, and the increasing adoption of digital services across various sectors. Discover how India is positioning itself as a global digital leader and the implications of this economic shift for businesses and consumers alike.

Read the full article here. Join the conversation about India’s digital transformation!

[letsdiskuss-blog]

Prime Minister Modi Unveils Major Economic Milestones for India

Prime Minister Narendra Modi’s Bi-Weekly Bharat newsletter highlights India’s economic achievements. Key points include a record market capitalization of $5.5 trillion, 1.4 lakh recognized startups creating 15.5 lakh jobs, and a 35% increase in employment to 64.33 crore over six years. The manufacturing sector added 85 lakh jobs from 2017-2023. Exports grew by 5.5% to $21.2 billion, with projections to surpass $800 billion this fiscal year. Outward FDI commitments rose to $2.14 billion in June 2024, up from $1.14 billion in June 2023. These figures showcase growth across various sectors, including technology and manufacturing.

[newshawkers]

भारत ने छोड़ा चीन को पीछे|

[ibeforg]

Unlocking India's Economic Potential: Strategies for Growth

Dive into India's economic landscape with IBEF's comprehensive insights on economy of India, Indian economy growth rate, Indian GDP, India's economic growth, and India economic structure. Explore strategic pathways to unleash India's full economic potential and understand key factors driving growth. Discover how India is shaping its economic future amidst global dynamics. For more information Follow the link: https://www.ibef.org/economy/indian-economy-overview

[usnewsper-politics]

China's Rise: The Race for Global Power and What It Means for the World #agingpopulation #artificialintelligence #BeltandRoadInitiative #Chinasrise #dominantworldpower #electricvehicles #environmentaldegradation #gdpgrowth #geopoliticallandscape. #highspeedrailways #hypersonicmissiles #internationalcommunity #militarycapabilities #renewableenergy #risingdebtlevels #robotics #solarpanels #southchinasea #stealthfighters #technology #tensionsbetweenChinaandtheUS #trade

[cambcurrencies]

US PCE, GDP & Durable Goods Orders to Drive Markets Today

Market Comment – Tuesday, 27 November 2024 Markets are digesting mixed data this morning, with releases from Australia, Germany, and the US. Australia’s Monthly CPI Indicator met expectations, while Germany’s GfK Consumer Confidence showed a slight improvement. Later today, US data will dominate attention with Core PCE Price Index, Durable Goods Orders, GDP Growth Rate (Q3, second estimate), and…

[cmanateesto]

[newswatchindia]

Tata Group Total Valuation vs Pakistan GDP: Tata showed its worth to Pakistan which attacked Taj Hotel

Tata Group Total Valuation vs Pakistan GDP: Pakistan,which nurtures terrorists, is being hit from all sides. Islamabad, which had been making waves by carrying out terrorist attacks in India, is getting blow after blow. The situation is such that the neighbor has become poor.

[enterprisewired]

India Emerges as World’s Fastest Growing Economy with 8.4% GDP Growth

In a remarkable surge, India has positioned itself as the fastest-growing economy globally, according to Krishnamurthy Subramanian, the Executive Director of the International Monetary Fund (IMF). The country’s third-quarter GDP growth, reported to be 8.4%, surpassed analysts’ expectations, marking the highest expansion in six quarters. This robust growth is attributed to resilient private consumption, coupled with buoyant manufacturing and construction activities.

Exceeding Projections: India’s Economic Performance

Late Thursday, data revealed that India’s economy exceeded estimations, with Reuters projecting growth at 6.6% for the October to December period. Krishnamurthy Subramanian, a former Chief Economic Advisor to the Indian government, emphasized India’s potential for approximately 8% growth for the entire year based on GDP figures. The Indian government also revised its GDP growth outlook for the fiscal year 2023-24, elevating it to 7.6% from the earlier forecast of 7.3%.

Driving Forces Behind India’s Economic Boom

Subramanian highlighted that India’s economic upswing stems from a strategic shift in the government’s focus towards higher capital expenditure. This shift witnessed over the past few years, has played a pivotal role in fostering economic growth. The Finance Ministry’s recent interim budget in February echoed this sentiment, showcasing fiscal prudence. The budget outlined plans to narrow the fiscal deficit for the financial year 2025 to 5.1%, down from the revised 5.8% for 2024. The emphasis on boosting infrastructure spending, with an estimated 11.1% rise in capital expenditure to 11.11 trillion Indian rupees ($133.9 billion) in fiscal year 2025, underscores the government’s commitment to sustaining growth.

Fiscal Responsibility and Future Projections

Subramanian anticipates a continuation of fiscal prudence in the upcoming full union budget post-India’s general elections. He expects a persistent focus on capital expenditure, emphasizing that the fiscal trajectory appears responsible. The interim budget projections indicated an 11.4% increase in tax revenue for the year, reaching 38.31 trillion rupees.

The robust GDP data has further strengthened Prime Minister Narendra Modi’s economic track record, coinciding with the approaching national elections. Analysts suggest that this stellar growth will reinforce the Reserve Bank of India’s inclination to maintain a steady course, holding interest rates at 6.5% for the foreseeable future. As India anticipates the upcoming elections in April-May, the economic momentum provides a notable boost for PM Modi and the Bharatiya Janata Party (BJP).

Read More: Smart Manufacturing: A Revolution in Industry 4.0

[jkumari]

https://bigul.co/en/index.php/india-records-7-8-gdp-boost-in-q2-aligns-with-rbi-forecast/

[presexpre]

𝗔𝗗𝗕 𝗲𝗻𝘃𝗶𝘀𝗶𝗼𝗻𝘀 $𝟮𝟴𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗿𝗲𝘀𝗼𝗻𝗮𝗻𝗰𝗲 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗰𝗼𝗿𝗿𝗶𝗱𝗼𝗿𝘀 𝗯𝘆 𝟮𝟬𝟱𝟬

In a ground-breaking revelation that promises to reshape Bangladesh's economic landscape, the Asian Development Bank (ADB) has unveiled a visionary prospect. A strategic economic corridor spanning 14 districts could catalyse an astounding surge in economic output...

Read more at:

[binimom]

Russian economy

In recent years, the Russian economy has been under a global microscope, facing the unforgiving scrutiny of economists and political analysts alike. On one side, there is an image of robust economic growth and independence. On the other, a candid narrative of an economy facing strain under political tensions and international sanctions. This economic dichotomy presents two primary dimensions worth deliberating upon: Russia's perceived economic resilience in the face of international sanctions, and the potential underlying vulnerabilities of its economy.

Russia's Economic Resilience Amid Sanctions

According to the Russian Ministry of Economic Development, Russia's economy has been showing signs of steady growth. Despite the mounting international pressure, particularly from Western nations, the projected GDP growth for the current year is higher than the previously forecasted 1.2%. The bullish trends and the recovery phase depict a story of economic resilience that has caught the attention of international observers.

Russia's independent economic policy and actions, particularly towards Western sanctions, have played a pivotal role in this narrative. A crucial component of this strategy involves strengthening economic ties with China, as evident from the recent Russian Economic Forum. This forum saw extensive discussions on the sanctions levied by President Biden on North Korea, Russia's retaliation, and means to ensure Russia's economic sovereignty.

Additionally, Russia has been focusing on diversifying its markets, seeking alternative trading partners and lessening dependency on the U.S. The efforts towards fortifying its economic independence involve developing the alternative arms market, where it has already initiated cooperation with China.

Unmasking the Underlying Vulnerabilities

However, the proclaimed robustness of the Russian economy has its critics, with several economists pointing towards potential vulnerabilities beneath the surface. Alexandra Prokopenko, an esteemed researcher at the Carnegie Center for Russian Eurasia and a former adviser to the Russian Central Bank, argues that the country's economy is being subtly undermined by the ongoing conflict with Ukraine.

According to Prokopenko, the enthusiastic portrayal of Russia's economy by President Putin during the St. Petersburg International Economic Forum masks signs of economic overheating. "Demand is growing, but domestic supply of goods and services is not keeping up," she argues, pointing to rising inflation as a consequence.

While Putin has confidently claimed that the country's military spending has led to only a minor budget deficit, Prokopenko suggests otherwise. According to her analysis, Russia has already run a budget deficit of 3.4 trillion rubles, approximately $40 billion, this year alone.

Moreover, Russia's low unemployment rate, which has hit a record low of 3.3% in April, is not an accurate indicator of economic health. Prokopenko posits that this might be due to a massive exodus of workers leaving the country due to the ongoing crisis in Ukraine, leading to an all-time low worker availability.

Conclusion

The Russian economy, like a Shakespearian drama, unravels in layers of complex narratives and counter-narratives. While Russia presents an image of strong economic growth and independence, critics argue that beneath the surface, the economy is creaking under international pressure and internal vulnerabilities. As we continue to observe these unfolding dynamics, the real story of Russia's economic resilience, or the lack thereof, will gradually come to light.