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 no inflation data. See refugee map from @Refugees Bad sign that there are no stats! https://t.co/OfpfKJVkHV
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. Plowed into real estate, amplifying Beijing’s worry about inflated real estate market. @Birdyword wsj.com/articles/chine… https://t.co/px5njTeGtt
@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 by Boko Haram insurgency are in North East where there appears to be no inflation data.
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 the 2030s? @StatistaCharts via @SoberLook https://t.co/nBwTkT2Qkq
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. bloomberg.com/opinion/articl… https://t.co/3pgKM6ALzC
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
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 in dramatic tones that Nigeria faces fundamental choices. And those have huge implications well beyond sub-Saharan Africa’s largest economy. https://t.co/hNokfHOmQ8
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 business loans, 1/3 corp bond issuance Biggest financier of construction. And under stress! ft.com/content/9688e7… https://t.co/LP3hSscW9v
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 all-out US sanctions. This is sub-Saharan Africa’s largest economy and population dynamo! https://t.co/muZmuFtg9B
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 that has rocked entire Chinese SOE bond market. ft.com/content/f1abbb… https://t.co/NG1NKj7nqg
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 @WorldBank truly alarming Nigeria Development Update. https://t.co/ARjt2xGhNw
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 is *2 Nigeria. A world apart. Mind-blowing chart from latest @WorldBank NDU https://t.co/kJ4UPElh3L
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 bn. But funds cover less than 1/2! How is this even a question? We need an automatic mechanism! reliefweb.int/sites/reliefwe… https://t.co/NH7e7bEv0P
Imagine worst case in China. All unserviceable LGFV and SOE debts end up piled on their local gov backstops.-> debt of 65% of GDP -> vast majority would be on provinces with debt/revenue of > 400% -> central government would have to step in. imf.org/en/Publication… https://t.co/JsAuAgmofK
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 @IMFNews GFSR for really alarming data! LGFV debt = local and central gov debt together! imf.org/en/Publication… https://t.co/1awJfCEbFf
In 2021, 235 million people will need humanitarian assistance and protection. This number has risen to 1 in 33 people worldwide – a significant increase from 1 in 45 at the launch of the Global Humanitarian Overview 2020 H/t @djomtzigt gho.unocha.org https://t.co/g7hFcp3B06
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 be driven in to absolute poverty bringing total to 100m. ft.com/content/14f600… https://t.co/TOzPgZsj4w
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 @neiLmunshi But where for love of Peet is the actual report? Only one to download is from June. worldbank.org/en/country/nig… https://t.co/DYw7oysogJ
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 urban areas are not published. @tsicular prcleader.org/sicular?utm_so… https://t.co/657GMaoMgu
Where is the latest Nigeria Development Update on the @WorldBank website ? After @neiLmunshi alarming report in the @FT we need to be Able to get it from the website!!!!! ft.com/content/14f600… https://t.co/nYReMNUhQB
All countries have seen dramatic increases in cross-border data since 2010. But growth in China has been explosive. vdata.nikkei.com/en/newsgraphic… https://t.co/KQmPLNZn3P
RT @eszterz: Rutte wants these 3 Qs answered before agreeing to #rule of law deal with HU and PL: – EP's opinion – Legal advice from the C…
RT @70sBachchan: @Robert_Suits This is beautiful scholarship Robert! Chock full of insights. Of interest to energy/Ag/electricity ppl @natt…
RT @Robert_Suits: Today, one of my longest-running research projects is finally coming to fruition. It's a comprehensive inventory of U.S.…
RT @RoitmanJanet: @adam_tooze Yes, watch out for this (Forthcoming): J. Roitman, “International Consultancy Firms and Africa: New Debt Bon…
RT @RobinBrooksIIF: We talk about a "Wall of Money" into EM and are tracking the biggest inflow EVER. That inflow has driven EM interest ra…
The SIPRI top 25 arms-producing and military services companies in the world, 2019 Figures for arms sales and total sales are in millions of US dollars. sipri.org/sites/default/… https://t.co/jXXbiRDQil
Half the children in low- and middle-income countries are unable to read and understand a simple text by age 10. In 2019 10% of kids were not in school and 40% were not learning in school. worldbank.org https://t.co/Y8Z1yZb1M5
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