MACRO ECONOMIC NEWS

THERE IS ONLY ONE WAY TO ENJOY, ENJOY IT; ITS JUST A LIFE. WISHING A PLEASING WEEKEND AHEAD.

Macro Economic News 23 Nov 2019

 

$5-trillion GDP needs 12.4% nominal growth a year, says NITI Aayog. India’s appliances and consumer electronics market size is expected to nearly double to ₹1.48 lakh crore. Business activity in the U.S. is offering signs of a pickup in late 2019, contrasting with more sluggish economic performances in some of the world’s other largest economies. President Trump called antigovernment protests in Hong Kong a “complicating factor” in his bid for a trade deal with China and didn’t say whether he would sign a bill passed by Congress supporting the protesters. European Central Bank President Christine Lagarde called for greater public investment in the 19-nation eurozone to help rebalance the bloc’s economy away from exports. Euro-Area economy moves closer to stagnation as orders fall, business activity gloomy in November, with scant hope for improvement. South Africa outlook cut to negative by S&P amid fiscal woes.

 

FINANCIAL TIMES

[I]  Lagarde urges governments to boost public investment

[I]  Eurozone services activity slides as manufacturing woes bite

[I]  China property: lost in space 

[I]  Hong Kong tests whether finance needs the rule of law

[I]  Abenomics provides a lesson for the rich world

 

REUTERS

[I]  Trump, Xi send positive signals on initial deal to defuse U.S.-China trade war

[I]  Indian gold sellers opt for discounts; China, Hong Kong demand weak

[I]  Murray a doubt for Britain's clash with Spain

[I]  Mexico central bank chief says minimum wage should rise, at measured pace

[I]  Euro zone needs to create its own economic growth at home: ECB's Lagarde

[I]  Euro zone business activity gloomy in November, scant hope for improvement

[I]  UK's Labour vows action on 'tax and wage cheat' multinationals

 

BLOOMBERG 

[I]  Trump ‘Stands’ With City, But Wants Trade Deal: Hong Kong Update

[I]  Trump, Xi Talk Past Each Other on Need for Win-Win Trade Deal

[I]  Lagarde Calls for Government Help in First Major ECB Speech

[I]  Euro-Area Economy Moves Closer to Stagnation as Orders Fall

[I]  As Everyone Else Wins, Lowest-Rated Junk Bonds Get Hammered

[I]  South Africa Outlook Cut to Negative by S&P Amid Fiscal Woes

 

WALL STREET JOURNAL

[I]  U.S. Business Activity Shows Signs of Pickup Against Global Slowdown

[I]  Trump Calls Hong Kong Protests ‘Complicating Factor’ in Trade Talks

[I]  Lagarde Calls for More Government Spending in First Public Speech as ECB Leader

[I]  Fed Adds $80.6 Billion to Financial System in Latest Repo Transactions

[I]  Andrew Yang Explains His Universal Basic Income Plan

[I]  U.S. Existing-Home Sales Increased 1.9% in October

[I]  Newsletter: Aspiring Home Buyers Are Getting Locked Out of the Market

 

BUSINESS LINE

[I]  What alternative financing models can Indian roads sector look for?

[I]  Developer of land is not a seller, liable to pay GST, rules AAR

[I]  There is no plan for large scale privatisation of railway routes: Railway Minister Piyush Goyal

[I]  Landless labourers not eligible for Central income support: Parshottam Rupala

[I]  New EB-5 visa rules come into effect

[I]  Appliance and consumer electronics market to grow at 11.7%

 

ECONOMIC TIMES

[I]  Indian IT employees stare at a mid-life crisis

[I]  Indian students' American dream may soon turn sour

[I]  Forex reserve rises by $441 million to lifetime high of $448.2 billion

[I]  Overseas banks show appetite for junk bonds

[I]  The seven reforms that made MGNREGS more useful

[I]  Unions to protest against industrial relations code

 

BUSINESS STANDARD

[I]  $5-trillion GDP needs 12.4% nominal growth a year, says NITI Aayog

[I]  NPA norms may be tougher than Basel's: RBI deputy governor N S Vishwanathan

[I]  After a year of discounts, consumer durables set for price rise from 2020

[I]  Finance commission chief Singh blasts frequent tinkering with GST rates

[I]  Indian IT firms open up to cloud, seek to ramp up spending next year

 

Best Regards, ARBIND
23 Nov 2019