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X @Bloomberg
Bloomberg· 2025-07-09 04:24
South Africa’s anemic economic growth since 2010 has left its population significantly poorer than the global average, according to Investec Wealth & Investment International https://t.co/LxRL4Th1mQ ...
House Speaker says 'One Big, Beautiful Bill' will help GOP in midterms
NBC News· 2025-07-08 19:40
Midterm Elections Impact - The bill is designed for hardworking Americans, especially middle and lower class earners, aiming to improve their economic well-being [1] - Expectation of higher wages, increased opportunities, and greater economic growth as a result of the bill [1] - The bill is expected to secure the border and restore American energy dominance [2] - Anticipation of being rewarded for restoring peace through strength [3] - Confidence in gaining seats and flipping Democrat seats in the midterms [3] Political Strategy - Dismissal of Democrat concerns and predictions of losing the majority [3] - Belief that underestimating the company should be avoided [3]
X @Bloomberg
Bloomberg· 2025-07-08 16:08
The Trump administration’s curbs on immigration and ramped-up deportations will lower US economic growth by almost a full percentage point this year, according to a study from the Federal Reserve Bank of Dallas. https://t.co/94QprwOZiQ ...
Watch CNBC's full interview with Council of Economic Advisers Chair Stephen Miran
CNBC Television· 2025-07-08 13:21
Inflation and Tariffs - The White House Council of Economic Advisers found no evidence that tariffs are leading to significant price pressures for imported goods; instead, they observed the opposite trend in inflation data [2][3] - Since December, overall goods prices in the PCE data have increased by approximately 0.4%, while imported goods prices have decreased by about 0.1% [2] - Domestically produced goods have experienced more inflation than imported goods, further supporting the absence of tariff-driven inflation [4][6] - Despite concerns about future inflationary effects from tariffs, high-frequency data and academic research have not shown any sustained pattern of tariff-driven price pressures [7] - Volatility in inflation data is possible, but the long-run expectation is that foreign countries being tariffed will bear the burden [9][10] Economic Policy and Deficit - The administration's policies, including tax cuts, deregulation, and energy abundance, are projected to increase GDP by about 1% per year over 10 years, generating approximately $4 trillion in revenue [29] - Additional revenue is expected from tariffs ($3 trillion) and spending reductions ($1.5 trillion), contributing to an estimated $8.5 trillion to $11 trillion reduction in deficits over a 10-year period [29][30] - Reduced borrowing due to these savings is projected to lower interest expenses by about $1.5 trillion [30][31] - The "one big beautiful bill" aims to incentivize investment through full expensing on new factories, equipment, and R&D, allowing firms to choose investments based on market knowledge [24] - Government intervention in predicting consumer preferences and directing industrial policy is viewed as less effective than allowing market-driven investment decisions [22][23][24]
X @The Economist
The Economist· 2025-07-08 07:00
For most of its first year, the government has stuck to a sensible diagnosis of Britain’s growth woes: that the main issues are on the supply side. But as growth has continued to falter, willingness to do more seems to be waning https://t.co/O8cqoT5nC4 ...
X @Bloomberg
Bloomberg· 2025-07-08 05:10
Monetary Policy - Vietnam's central bank is prepared to implement measures to control inflation and foster economic growth [1] Economic Impact - The central bank cautions about the potential effects of increased US tariffs on Vietnam's economy and its currency [1]
Euro Appreciation Has Disinflationary Effect, ECB's Villeroy Says
Bloomberg Television· 2025-07-06 06:00
Your biggest concern at the moment seems to be the appreciation of the euro against the dollar. We were in Sintra earlier this week where the vice president, Mr. . de Guindos, was talking about 120 as the limit.What is your take on this. So I won't comment on my colleagues commands. It's a general rule, but we look closely at the volatility of the exchange rate.It has been significant since the start of the year with a 13% appreciation of the euro against the dollar. By the way, it's not a specific apprecia ...
X @The Economist
The Economist· 2025-07-06 05:20
Tax Reform - The government's approach to tax reform has been least impressive [1] - Britain's tax system is full of provisions that distort the economy and block growth [1]
X @The Economist
The Economist· 2025-07-05 14:40
Local officials wrestle with competing incentives because higher economic growth improves their chances of promotion https://t.co/SAMiPorsis ...
X @The Economist
The Economist· 2025-07-05 08:00
Britain’s prime minister wants people to look beyond the drama and judge him by what he’s achieved. We have.Our analysis of Labour’s performance covers many areas of governance, including economic growth, national security and crime https://t.co/0khhRgKhYK ...