Economic Impact of US Latinos - US Latino GDP reached $4.1 trillion, exceeding the GDP of India [3] - Latino GDP growth in states like Texas, California, Illinois, and Florida accounts for 50% to 66% of their total GDP growth [6] - California's Latino GDP is expected to surpass $1.4 trillion, and Texas is projected to reach $1.1 trillion [7] - Fastest Latino GDP growth is occurring in states like Ohio (over 87%), Pennsylvania (over 75%), and Michigan (over 65%) [7] Consumption and Market Influence - US Latinos are driving consumption, which is crucial for the US economy [4][5] - The Latino cohort represents 20% of all video on demand usage and 26% of vehicle purchases [11] Labor Force and Economic Strategy - The US is currently short 3.5 million workers, highlighting the need to consider the Latino cohort as part of the economic strategy [13] - Latino workers and entrepreneurs are contributing to economic growth in various states, including North Dakota, Ohio, and Tennessee [9][10]

German business confidence unexpectedly dropped, highlighting the fragility of Chancellor Friedrich Merz’s plan to restore growth in Europe’s biggest economy https://t.co/3xHF8w9HUH ...

Denmark’s central bank cut its growth outlook as challenges at drug giant Novo and US tariffs weigh on the Scandinavian economy https://t.co/ux4MtDwMPU ...

Economic Outlook - The U.S. economy has shown resilience despite substantial changes in trade, immigration, fiscal, regulatory, and geopolitical policies, with their long-term implications still emerging [5] - Recent data indicates a moderation in economic growth, with GDP rising at approximately 1.5% in the first half of the year, down from 2.5% growth last year, primarily due to a slowdown in consumer spending [6][7] - The unemployment rate edged up to 4.3% in August, with payroll job gains slowing sharply to an average of 29,000 per month over the past three months, indicating a less dynamic labor market [9] Inflation Trends - Inflation has eased from its highs in 2022 but remains elevated, with total PCE prices rising 2.7% over the 12 months ending in August, up from 2.3% in August 2024 [10] - Core PCE prices rose 2.9% last month, driven by increases in goods prices, which reflect higher tariffs rather than broader price pressures [10][11] - There is uncertainty regarding the path of inflation, with a reasonable expectation that tariff-related effects will be short-lived, leading to a one-time shift in the price level [11][12] Monetary Policy - The balance of risks has shifted, with increased downside risks to employment and upside risks to inflation, prompting a move towards a more neutral policy stance [14][15] - The target range for the federal funds rate was lowered by 25 basis points to 4 to 4¼ percent, which is still considered modestly restrictive [15] - The policy approach will remain flexible, adapting to incoming data and evolving economic conditions while aiming to support maximum employment and achieve the 2% inflation goal [16][17]

Economic Growth & Tax Revenue - Nigeria is projected to achieve its 2025 tax revenue target earlier than anticipated [1] - Tax collections last month are nearing the government's annual target [1] - Strong economic growth is contributing to the increased tax revenue [1]

Migration Challenges & Opportunities - The report highlights the exploitation of migrants, particularly women, who are often sexually abused and underpaid in countries like Saudi Arabia and Dubai [13] - Irregular migration routes expose migrants to dangers, with some spending as much time traveling as previous generations despite modern transportation [7] - Artificial intelligence poses a threat to migrant workers as automation could displace up to 400 million people globally [17] Policy Recommendations - The report urges for policy shifts in national migration policies to negotiate labor agreements that ensure fair wages and protection for migrant workers, with a portion of their earnings sent home through official channels [13][14] - Advocate for a reverse migration strategy to bring back skilled migrants and scientists to contribute to national development [17] - The report suggests re-evaluating and redefining national borders to facilitate safer, more regular, and beneficial migration for national development [24] Economic Impact of Migration - Remittances contribute significantly to the economy, with 37 billion NRA (currency not specified, needs clarification) realized in 2004, but the report suggests better investment strategies for these funds [10][11] - Migration is a North-South issue, with the Global South often losing skilled workers to the North, hindering their own development [10][11] - The report emphasizes that migration, if managed well, can benefit individuals, sending countries through remittances used for development, and receiving countries [17]

Kazakhstan is pushing ahead with efforts to wean itself off oil, leaning on China and plowing tens of billions of dollars into supporting growth https://t.co/ZyYL4GAC9B ...

Britain will be the fastest-growing G-7 economy bar the US this year, while still struggling to get a handle on its inflation problem, according to OECD https://t.co/HH1TKrEOEz ...

A few things are happening here. So since September of last year, one year later, the Fed has now reduced rates by 125 basis points. Yep.And that brings us to 4 and a quarter 4 to 4 and a quarter. The Fed no doubt will go to a neutral rate, which is 3%. So they have 125 basis points to go.So only at the halfway mark. So that's the first thing. It's only eased one time this year.But they have a lot more to go because jobs are slowing. And more importantly, the neutral rate is much lower than the rate we have ...

We will cut the R and policy rate. We will also cut central bank policy rate to seven day repo rate. At the same time, we will guide the LPR and the deposit rate downward.We will also set up a special re lending program for increasing the holding of shares. We will enhance the quality and value for investment of listed companies to better serve investors. We will make use of stocks, bonds and futures, among other capital market tools, to invigorate the restructurings and M&A market.Yeah, that was a throwbac ...