BUSINESS
Consumer confidence is back to pre-pandemic levels
The RBI survey’s Future Expectations Index for November 2022 is higher than its level in November 2019
BUSINESS
Memo from PMI numbers to the MPC: Beware of core inflation
The November PMI says output prices across the private sector rose at the fastest pace in three months, as an acceleration in the service economy more than offset the slowdown seen among goods producers
BUSINESS
Why policy rates need to go up more as monetary policies are tightening everywhere
The impact on inflation of monetary tightening will be lower if policy is tightened together in many economies
BUSINESS
India’s manufacturing growth fastest in world in November, shows PMI
While the global manufacturing decline is likely to get worse with new orders decreasing, in India new orders show strong growth
BUSINESS
Moneycontrol Pro Weekender | When central bankers laugh
Cracking jokes during a monetary policy review meeting? Don’t laugh it off. Central bankers in advanced economies are actually walking the laugh
BUSINESS
Moneycontrol Pro Panorama | Jay Powell plays Santa for the markets
In today’s edition of Moneycontrol Pro Panorama: Oil market is likely to be volatile in 2023, unlocking state economic activity, crypto awareness has served India well, Gujarat contest crucial for AAP, and more
BUSINESS
Q2 GDP: Rebound in contact-intensive services boosts growth
The story on the demand side for the September quarter is the huge drag on GDP from the external sector, thanks to high crude oil and commodity prices
BUSINESS
What Q2 GDP will tell us about the structure of Indian economy
Fuel prices remained high during the quarter and the trade deficit was elevated, so net exports are likely to continue to be a big drag
BUSINESS
COVID protests lay bare the contradictions of Chinese capitalism
The principal contradiction in China is between capitalism and the markets on the one hand and a Stalinist state on the other
BUSINESS
Moneycontrol Pro Weekender | The time of monsters
The world is in a state of great churn. As big powers retreat, new leaders step in to make their presence felt
BUSINESS
Unlike the rest of the world, unemployment fell in India during the pandemic
Employment in the ‘agriculture, hunting, forestry and fishing’ sector went up from 198.2 million in 2018-19 to 223.4 million in 2019-20, in a radical change of trend
BUSINESS
A pivot towards Chinese equities comes at India’s expense
The Bank of America survey of Asia Pacific fund managers sees policy reversals in China, which is fuelling a jump in Chinese equities, despite extreme bearish sentiment
BUSINESS
Xi-Biden meet: stepping back from the brink
While the US wants to co-operate with China on ‘transnational challenges’ such as climate change, global macroeconomic stability, health and global food security, on the economic front it will continue to ‘compete vigorously’, code for saying that the economic war will continue
BUSINESS
The fall in retail inflation in October is due entirely to the base effect
Overall month-on-month consumer price inflation was 0.8 percent in October, the highest monthly rise since May this year
BUSINESS
Is consumer staples production really at the same level as it was five years ago?
If the IIP numbers are correct, industrial production growth is vastly at odds with the upbeat picture of a robust recovery painted by the Reserve Bank of India and government agencies
BUSINESS
What the FTX meltdown is telling us
Ultimately, cryptocurrencies, along with NFTs and SPACs, were the poster children of the liquidity bubble built up by ultra-loose monetary policy and decades of easy money
BUSINESS
Moneycontrol Pro Weekender | Turnaround Time
A string of data sets point to inflation finally losing its bite. But is it too early to celebrate?
BUSINESS
Moneycontrol Pro Weekender | Outrunning the bear
As the economies try their best to ward off a hard landing, India comes out as an outlier. It’s a classic case of just staying the course amid difficult times
BUSINESS
Moneycontrol Pro Weekender | Waiting for the Fed again
Once again, the Fed rate call is back on the investor radar, not because of the quantum but the hints the central bank would drop
BUSINESS
The UK’s share of the world economy has been steadily shrinking
India’s share of the world economy, in PPP terms, exceeded the UK’s share as far back as 1993
BUSINESS
A self-destructive rally?
The Fed is failing in its objective of tightening financial conditions. And the market rally is one reason why market conditions remain accommodative
BUSINESS
Flash PMIs show the US, UK, Eurozone economies shrinking this month
While inflationary pressures are easing, they haven’t come down enough for central banks to feel comfortable, although some of the doves will feel emboldened to argue for caution while hiking rates, particularly in view of the shrinking economy
BUSINESS
Will Xi Jinping be China’s Stalin?
Xi is trying to change the drivers of the Chinese economy at a time when there is a plethora of domestic and international challenges. The odds are stacked against him
BUSINESS
Moneycontrol Pro Weekender | The Diwali Spirit
In spite of all the gloom and doom pervading the landscape, Samvat 2079 makes a case for a bull case scenario
