Germany’s Economy Unexpectantly Contracts in Q4

Germany’s gross domestic product (GDP) contracted 0.2 percent for the quarter in the final three months of 2022, following an upwardly revised 0.5 percent expansion in the previous period. The market expectations of 0.0% q/q. The contraction in Europe’s largest economy was mainly led by a decline in household consumption, amid rising interest rates and stubbornly high inflation. By comparison the US economy increased at an annual rate of 2.9% in the fourth quarter, ahead of consensus 2.6%. On a … Continue reading “Germany’s Economy Unexpectantly Contracts in Q4”

Ray Dalio Expects Interest Rates Over 4.5% and Stocks Down 20%

Ray Dalio, founder of Bridgewater on Tuesday penned on his LinkedIn a bearish outcome for the US economy and with it stocks and bonds after August’s U.S. CPI came in much hotter than expected. Core CPI rose to 6.3% y/y vs 6.1% expected and 5.9% prior. “It looks like interest rates will have to rise a lot (toward the higher end of the 4.5% to 6% range) … The process starts with inflation. Then it goes to interest rates, then … Continue reading “Ray Dalio Expects Interest Rates Over 4.5% and Stocks Down 20%”

US and European ETFs See Switch From Value To Growth Stocks in Q3

European Growth ETFs, which focus on “growth” stocks, attracted €120m in the three months to September, their strongest quarter since 2015. The move mirrored the US, where growth ETFs took in $9.4bn in Q3, the second strongest quarter on record, and reversing the $8.5bn of net outflows the sector suffered in the previous 12 months. Growth stocks typically trade at higher price-to-earnings or price-to-book-multiples The move followed European Investors in Q3 pulling a record net €3.7bn from European value ETF … Continue reading “US and European ETFs See Switch From Value To Growth Stocks in Q3”

Canada Long-term Environmental and Economic Sustainability Challenges

Canada’s recent election highlighted challenges with income inequality and long-term environmental and economic sustainability. This is highlighted by it’s Inclusive Development Index (IDI) score, ranking 17th overall among advanced economies.

Evaluate Economic Progress With The Inclusive Development Index

What is clear in 2019 politcy makers responses have misjudged the global economy. The Inclusive Development Index (IDI)reflects more closely the criteria by which people evaluate their countries’ economic progress and is designed as an alternative GDP measures.