Data discoveries of the week. From the IMF forecast hinting India to be one of the fastest growing economies; Americans struggling to pay bills; top philanthropists & more, this week’s market stories is an interesting mix for sure.
- IMF projects India to be the fastest-growing large economy in the world
Latest IMF world economic outlook growth projections: India growth forecast cut to 6.8% from 7.4% BUT still well above global/Asian average. pic.twitter.com/zw8MmWMAb0
— Rajdeep Sardesai (@sardesairajdeep) October 11, 2022
2. India’s oil demand surges in October
OIL MARKET: India, the world's 3rd largest oil consumer after the US and China, posted very strong oil demand data for October, with the best growth vs same month of 2019 since the pandemic started. Notable was the surge in gasoline consumption, which hit an all-time high | #OOTT pic.twitter.com/DtHLkaUgK6
— Javier Blas (@JavierBlas) November 10, 2021
3. Meanwhile in America
40% of Americans are having difficulty paying bills pic.twitter.com/kgBeMcFk2Q
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) October 10, 2022
4. The story is not too different in the UK
When a chart is worth a thousand words:
UK electricity prices vs elsewhere in Europe (it's not pretty)
via @FT #EnergyCrisis #ONGT pic.twitter.com/krRBWWZ2mH
— Helen Robertson (@HelenCRobertson) September 7, 2022
5. The Buffet Indicator
When someone says that we are past the market crash, show them this chart.
The Buffett Indicator shows the stock market valuation compared to the US economy GDP.
A high ratio means that the stock market is more likely in a bubble.
We are at a higher point than the dotcom bubble pic.twitter.com/pSoVtPgaSR— Vittorio Rigato (@stoicmoneycoach) September 30, 2022
6. NASDAQ revisiting 2003.
NASDAQ has traded below its 200d moving average for 187 days, longest streak since 2003 pic.twitter.com/9xAac2t8p9
— Liz Ann Sonders (@LizAnnSonders) October 14, 2022
7. Who’s who of philanthropy
Today's Infographic: India's Biggest Philanthropists in 2021
? Mr. Azim Premji – 9,713 Cr
? Mr. Shiv Nadar – 1,263 Cr
? Mr. Mukesh Ambani – 577 Cr
? Mr. K.M. Birla – 377 Cr
? Mr. Gautam Adani – 130 Cr pic.twitter.com/TH9htkdyxK— FinMedium.com – Investing Made Easy (@FinMedium) October 10, 2022
8. Ending this with a fun fact! As per Indian Tourism Statistics 2022, Mamallapuram emerged as India’s top destination for foreign tourists in 2021-22, pipping the Taj Mahal.
Indian monuments visited the most by foreigners in 2021-2022.
Data by @tourismgoi #Mahabalipuram #TajMahal #Agra #AgraFort #RedFort #Delhi #QutubMinar #gingeefort #Vattakottai #JainTemple #sittanavasal #India #Tourism #indiatourism #Love #IncredibleIndia #Artist #Statistics pic.twitter.com/6ErXjtCyCj— India Statistics (@IndStatistics) October 9, 2022
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