The economic empowerment of women is one of the biggest revolutions of the century. This transformation is one both with and without borders – a crusade that countries stand to win from and an alliance that unites women everywhere. While there are nuances across cultures, politics, and socioeconomic strata, the undeniable fact is that the success of this movement is one that is critical to overcoming productivity bottlenecks in many companies with the potential to add trillions of dollars to the global economy.
A key argument offered as an impact of GST on economic growth has been in terms of the de-stocking effect. The idea here is that as the GST was to be implemented, producers and sellers of goods decided to get rid of their excess stocks first, which were priced as per earlier tax rates, in Q1 2017-18. Only once the GST was implemented was another batch of fresh stock expected to enter the markets.
Chinese bond yields have reached their highest since October 2014. Chinese stocks have corrected despite the US market making new highs. The PBoC has introduced targeted lending to SMEs and agricultural borrowers. Meanwhile, money supply growth is below target and continues to moderate.
Stock markets have generally taken a breather during November. High yield and corporate bond yields have risen, but from record lows. Since April, the Interest Rate Swap yield curve has flattened far less than Treasuries. Global economic growth forecasts continued to be revised higher.
Millennials are a generation with a list full of endowments. Web, cinema, gender-identification, feminism and technology have come of age at the same time as they have. No generation of mankind has ever witnessed as many empowering changes in the world they inhabit.
I had delivered a talk based on the Q3, 2016-17 growth numbers to understand the impact of demonetisation on them and related questions on the drive itself.
Earlier this week, the Bank of England raised interest rates for the first time in a decade, while the US Federal Reserve kept the fed funds rate unchanged. While the latter’s policy going forward is more likely to be an increase in interest rates, there is less surety about the latter.