With lower estimates of GDP growth in 2022, making 2023 reading higher than official figures, Fathom Economist Juan Orts explains: “These base effects are now over, and our estimate for 2024 is again back to more ‘normal’ rates” of around 4%. Read more in Bloomberg https://ow.ly/186k50QtsoJ #Chinaeconomy #FathomChina
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With lower estimates of GDP growth in 2022, making 2023 reading higher than official figures, Fathom Economist Juan Orts explains: “These base effects are now over, and our estimate for 2024 is again back to more ‘normal’ rates” of around 4%. Read more in Bloomberg https://ow.ly/w9vg50Qszbt #Chinaeconomy #FathomChina
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Regional GDP will expand by 1.6% in 2024 and a growth of 2.7% and 2.6% are expected for 2025 and 2026. These rates are the lowest compared to all other regions in the world, and insufficient to drive prosperity. Download the report: http://wrld.bg/X0rm50RASMC #Perspectivas2024
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Growth rates among Latin American and Caribbean regions are some of the lowest in the world. What can be done to improve this trend?
Regional GDP will expand by 1.6% in 2024 and a growth of 2.7% and 2.6% are expected for 2025 and 2026. These rates are the lowest compared to all other regions in the world, and insufficient to drive prosperity. Download the report: http://wrld.bg/X0rm50RASMC #Perspectivas2024
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Reading this World Bank document, I couldn't help but draw parallels between Africa, Latin America, and the Caribbean: 1) Consumers in these regions pay higher prices for lower-quality goods and services due to low competition, which reduces overall welfare and contributes to higher inequality. 2) Increasing competition among firms has the potential to stimulate growth and improve consumer welfare. 3) Competition from low-cost consumer imports can raise the standard of living for families across the income spectrum. However, foreign competition can also harm local industries and jobs - a progressive government policy can create the balance. 4) Competition encourages domestic producers to adopt new products and technologies, boosting productivity at the firm level. 5) Competing in dynamic and challenging domestic markets is the best way for firms to prepare for exporting. 5) While the outcomes from greater external competition are ambiguous, this is mainly due to local firms being unprepared to compete with globally productive counterparts. Therefore, a pressing priority is to better prepare these firms and their workers to face global competition forces. Enough said. #WTO #AfCFTA #Transaharan #Chile #singapore #vietnam #africa #
Regional GDP will expand by 1.6% in 2024 and a growth of 2.7% and 2.6% are expected for 2025 and 2026. These rates are the lowest compared to all other regions in the world, and insufficient to drive prosperity. Download the report: http://wrld.bg/X0rm50RASMC #Perspectivas2024
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Revitalizing Growth: An Urgent Agenda for Latin America and the Caribbean Latin America and the Caribbean has made slow but consistent progress addressing the imbalances induced by the pandemic in an international environment that is just now showing signs of stabilizing. However, challenges remain to redress fiscal imbalances, recover lost earnings power, and regain the advances in reducing poverty of the previous decade. The region’s central task, however, remains boosting lackluster growth rates. The report forecasts that regional GDP will expand by 1.6 percent in 2024. GDP growth of 2.7 and 2.6 are expected for 2025 and 2026. These rates are the lowest compared to all other regions in the world, and insufficient to drive prosperity.
Regional GDP will expand by 1.6% in 2024 and a growth of 2.7% and 2.6% are expected for 2025 and 2026. These rates are the lowest compared to all other regions in the world, and insufficient to drive prosperity. Download the report: http://wrld.bg/B9hz50SewyF #Perspectivas2024
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US & Canada Business, Franchise, NPO Advisor/Confidential Total Solutions Mgmt/Liaison-Intermediary/Franchise Network Relations (I do NOT solicit, please reciprocate)
US Q3 GDP BRIEF • ECONOMY GROWS AT 5.2% ANNUAL RATE --- EST 5.0% • PERSONAL CONSUMPTION RISES AT 3.6% ANNUAL RATE • PRICE INDEX RISES AT 3.6% ANNUAL RATE --- EST 3.5% • CORE PRICE INDEX RISES AT 2.3% ANNUAL RATE #usq3gdp
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Latin America and the Caribbean has made slow but consistent progress addressing the imbalances induced by the pandemic in an international environment that is just now showing signs of stabilizing. However, challenges remain to redress fiscal imbalances, recover lost earnings power, and regain the advances in reducing poverty of the previous decade. The region’s central task, however, remains boosting lackluster growth rates. The report forecasts that regional GDP will expand by 1.6 percent in 2024. GDP growth of 2.7 and 2.6 are expected for 2025 and 2026. These rates are the lowest compared to all other regions in the world, and insufficient to drive prosperity. Growth may be enhanced by inducing more competition in the region’s economies, combined with necessary complementary investments in firm and worker capabilities, and improvements in national innovation systems that can support the development, diffusion, and utilization of new ideas, products, and processes.
Regional GDP will expand by 1.6% in 2024 and a growth of 2.7% and 2.6% are expected for 2025 and 2026. These rates are the lowest compared to all other regions in the world, and insufficient to drive prosperity. Download the report: http://wrld.bg/X0rm50RASMC #Perspectivas2024
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WEAKER GROWTH The advance read of Q1 GDP released on 4/25 showed annualized growth of 1.6% compared to forecasts for an increase of 2.5%. The weaker than expected report ended a streak of three quarters where the economy grew more than expected. (SOURCE: BEA)
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Even with revision to downside for 3Q2023 growth, nominal GDP growth came in at +6.2% year/year … quite strong relative to past few decades, but in lower end of range if comparing to ~1950s-1980s
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Regional GDP will expand by 1.6% in 2024 and a growth of 2.7% and 2.6% are expected for 2025 and 2026. These rates are the lowest compared to all other regions in the world, and insufficient to drive prosperity. Download the report: http://wrld.bg/B9hz50SewyF #Perspectivas2024
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