How was the last decade of economic growth? Depends VERY much who you ask! And 2020 will compound that. @OxfordEconomics via @SoberLook https://t.co/6aaIcb3aRZ
Oh no! Where did the Graphics tab go on the @FT ? For the days when all I can cope with are the pictures. https://t.co/ZXsCEPOVTq
The huge discrepancy in bilateral debt payments due 2019-2021 give an idea of China’s absolute preeminence as an official lender over last decade. More than
Job creation by way of a green stimulus. There are a lot of low hanging fruit ranging from building energy efficiency to EV charging infrastructure.
"With 8% of the globe’s population and 30% of its Covid deaths, Latin America is facing the pandemic’s next phase — mass vaccination — with
One every 12 seconds! UK has approved 365k British National Overseas passports for Hong Kongers since 2019. 60k in October alone. bloomberg.com/news/articles/… https://t.co/PTmtIJ8Yuh
Credit impulse numbers are an important corrective to idea that there has been “no stimulus” in China this year. 10 % of GDP is up
So it begins: "Dozens of House Republicans are warning Federal Reserve Chair Jerome Powell against proceeding with climate risk regulations for the financial system, in
"In Nov, China recorded its largest month-on-month increase in fx reserves in seven years, South Korea the largest rise in 10 years, and Taiwan the
China and Russia really do talk moreL Phone calls between Xi Jinping and other heads of state, January–September 2020 @ODIdev odi.org/sites/odi.org.… https://t.co/BaoCNFmUNY
Nigeria’s inflation varies by region according to @WorldBank data. Higher rates in the North. Impact of insurgency is in North East, for which there is
RT @MehreenKhn: Pithy reaction from a senior EU diplomat on 🇭🇺🇵🇱: " They got their fig leaf and fell into line. Money talks, b*llshit walks…
In first half of 2020, Chinese households accumulated more new debt than all of advanced economies put together. And no! This was not for consumption.
@Cheeky_as_fuck @WorldBank Hi. By NO means an expert myself. I was curious about the same question. The areas of the North that are more affected
Japan is gambling big on hydrogen fuel cell vehicles. Will this be the renewable tech play that gives Japanese car industry a head start into
Ethiopia and Nigeria have amongst highest rates of inflation in sub-Saharan Africa and inflation most serious in North. From @worldbank NDU https://t.co/1sy3jymGTZ
RT @MichaelArouet: @adam_tooze @SoberLook From 2012 high of over 17%, yields on 10yr Portugese gov bonds have plunged to minus 0.02! Take…
From 2012 high of over 7%, yields on 10yr Spanish gov bonds have plunged to 0.02! @SoberLook https://t.co/kDjZdqN3sq
Share of Americans working from home is “only” 22 %. But offices are 75 % unoccupied -> huge gap opening up along lines of occupation/education.
Americans are not going back to the office. H/t @foxjust bloomberg.com/opinion/articl… https://t.co/0MY4oJY88O
Nigeria is uniquely vulnerable because of its precarious pre-pandemic economic situation. Labour market struggles to absorb rapidly growing population. ft.com/content/14f600… https://t.co/UAvWQlEXL0
RT @larsweisbrod: Was Danilo Scholz bei Facebook schreibt 🙏 https://t.co/gkKSniMeC6
Amazing story this …. twitter.com/liamvaughanBBG…
To achieve rising gdp per capita, Nigerian GDP needs to grow at > 2.5% It has not achieved that since 2015! Latest @WorldBank NDU warns
LGFV (local government finance vehicles) are one of weak links in Chinese debt-fueled growth. Biggest creditor to local gov Biggest debtor to bank system 1/2
If I read this chart right, the @WorldBank expects Nigeria's economic performance in 2020 and 2021 to be near identical to that of Iran under
How Chinese coal company Yongcheng’s il-fated expansion into coal-derived chemicals, led to default, threatened doom-loop with finances of Henan regional government and delivered a shock
Nigeria’s oil industry has been hit hard by 2020 shock, but service sector accounts for most of GDP decline. Those are most precarious livelihoods. From
What might have been? @WorldBank benchmarks Nigeria against Indonesia. In 1970 if you believe numbers Nigeria gdp per capita is 2* Indonesia. In 2018 Indonesia
Humanitarian shortfall: in context of COVID-19, funding requirements to support 265 m of 441 m people in greatest need in 64 countries surged to $39
Imagine worst case in China. All unserviceable LGFV and SOE debts end up piled on their local gov backstops.-> debt of 65% of GDP ->
Local government finance vehicles are one of key weak links in China’s financial system. Read this report by Sun You ft.com/content/9688e7… Along with Box 1.3
In 2021, 235 million people will need humanitarian assistance and protection. This number has risen to 1 in 33 people worldwide – a significant increase
Nigeria: “It’s not entirely a doomsday scenario . . . because there is a choice” Shubham Chaudhuri @WorldBank on latest report on Nigeria, which warns that 15-20 m could
No NDU: @WorldBank trails the Nigeria Development Update on its website dated Dec 8 2020. It places an excellent and dramatic piece in @FT by
Official estimates for rural poverty based on the 2010 national poverty line of 2300 yuan (in 2010 prices) per capita. Official estimates of poverty for
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