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The economy has expanded for four consecutive quarters, and the available data suggest it grew further in the most recent quarter. Our forecasts continue to show growth moving slightly higher, approaching 2% over the medium term. We see some upside risks to these projections. #SARBMPCJan26 #InterestRates

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Here’s Why The Fed Is Likely To Revise Its Inflation Target Higher | May 17, 2025 These excerpts from our 5/17 Around the Horn webcast detail why we remain steadfast in our long-held belief that the Fed will revise its inflation target higher to 3%. The implications for the economy and asset markets are profound and represent the single greatest upside risk over the medium-to-long term. Enjoy!
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Here’s Why The Fed Is Likely To Revise Its Inflation Target Higher | May 17, 2025 These excerpts from our 5/17 Around the Horn webcast detail why we remain steadfast in our long-held belief that the Fed will revise its inflation target higher to 3%. The implications for the economy and asset markets are profound and represent the single greatest upside risk over the medium-to-long term. Enjoy!

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The global economy has shown resilience. But at 3.2 percent projected for 2024 and 2025, global growth remains below historical average. Reforms that foster productivity can help boost growth over the medium term. More in our latest World Economic Outlook.
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The global economy has shown resilience. But at 3.2 percent projected for 2024 and 2025, global growth remains below historical average. Reforms that foster productivity can help boost growth over the medium term. More in our latest World Economic Outlook.

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The window to extra long-term gains is open. But not for long. ⏳ Higher interest rates for your next FCNR deposit are available exclusively for our NRI community, only till 30th September. Let’s help you make the most of it! #HDFCBank #FCNR #Higher #InterestRates #NRI
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The window to extra long-term gains is open. But not for long. ⏳ Higher interest rates for your next FCNR deposit are available exclusively for our NRI community, only till 30th September. Let’s help you make the most of it! #HDFCBank #FCNR #Higher #InterestRates #NRI

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In Q2 2024, we continued to see improving order intake trends across the group, which has further expanded our backlog. While the dynamic is improving, we will continue to be agile and manage our cost base as we navigate what is a challenging environment.
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In Q2 2024, we continued to see improving order intake trends across the group, which has further expanded our backlog. While the dynamic is improving, we will continue to be agile and manage our cost base as we navigate what is a challenging environment.

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Here’s The Real Reason Why Bears Are Capitulating This Week… Much More To Come | June 21, 2025 Enjoy these excerpts from our June 21 Around the Horn presentation in which we summarize the underappreciated upside risks for the economy and asset markets over the long term. These right tail risks stem from our 2+ months-old Paradigm C framework and are not adequately positioned for by investor consensus—likely because they are being drowned out by mainstream media’s excessive coverage of tariffs, border enforcement, and now, geopolitical conflict.
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Here’s The Real Reason Why Bears Are Capitulating This Week… Much More To Come | June 21, 2025 Enjoy these excerpts from our June 21 Around the Horn presentation in which we summarize the underappreciated upside risks for the economy and asset markets over the long term. These right tail risks stem from our 2+ months-old Paradigm C framework and are not adequately positioned for by investor consensus—likely because they are being drowned out by mainstream media’s excessive coverage of tariffs, border enforcement, and now, geopolitical conflict.

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Just jumped off the Shopify Q3 Earnings call. If you missed it, I'll summarize: Q3 was an incredible quarter for Shopify. Here are the highlights of Q3 2024 Shopify: 1️⃣​ Financially, it was a strong quarter. 🚀​ GMV was up 24% Year over Year in Q3 - the 5th consecutive quarter where GMV growth was more than 20% 🚀​ Revenue accelerated to 26% - the 6th consecutive quarter where Shopify delivered 25% or greater top-line growth, excluding logistics 🚀​ Gross profit grew 24% Year over Year 🚀​ Our Free Cash Flow Margin expanded to 19% which means we’re delivering profitability that allows us to both grow the business and invest in the future of commerce. 2️⃣​ We’ve built the most integrated platform on the planet where everything in your business works together really really well. ⚡​ Shopify POS is powering more and more large, complex, multi-location merchants like legendary Canadian women's fashion retailer, Laura, which migrated over 130 stores to Shopify’s POS in Q3. ⚡​ We are making every part of commerce work better. This quarter we helped merchants make in-person shopping truly delightful by expanding Tap to Pay in more countries. ⚡​ And, we’re making it easier for our merchants to sell in new countries with our Managed Markets product, which has helped some merchants see an average global sales increase of 40%. The power of our platform is unmatched. 3️⃣ Shopify is increasingly the go-to platform of choice not just for entrepreneurship, but for all of commerce. We are making massive strides across our long-term growth drivers like B2B, international, enterprise, and offline commerce. 🚀​ We had our single largest B2B GMV month ever, with it growing over 145% Year over Year. This is a trend at this point, marking 5 consecutive quarters of triple digit B2B GMV growth. 🚀​ International GMV continues to outpace the growth of North America accelerating to more than 30% and our international merchants grew 36% Year over Year. 🚀​ In Q3 alone we had 16 enterprise launches on Shopify, including brands like Hanes and On Running. The best brands like Reebok, and Victoria’s Secret and high fashion brands like FashionPhile and Off-white are all coming to Shopify. Our mission has always been the same: make commerce better for everyone and, ultimately, create more entrepreneurs across the world and help them grow bigger and faster. We are doing exactly that. We are focused on helping merchants of all sizes thrive today and in the future. It’s why you see brands come to us and never leave. Thank you to everyone on the Shopify team, our partners, and our incredible community for an exceptional quarter.
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Just jumped off the Shopify Q3 Earnings call. If you missed it, I'll summarize: Q3 was an incredible quarter for Shopify. Here are the highlights of Q3 2024 Shopify: 1️⃣​ Financially, it was a strong quarter. 🚀​ GMV was up 24% Year over Year in Q3 - the 5th consecutive quarter where GMV growth was more than 20% 🚀​ Revenue accelerated to 26% - the 6th consecutive quarter where Shopify delivered 25% or greater top-line growth, excluding logistics 🚀​ Gross profit grew 24% Year over Year 🚀​ Our Free Cash Flow Margin expanded to 19% which means we’re delivering profitability that allows us to both grow the business and invest in the future of commerce. 2️⃣​ We’ve built the most integrated platform on the planet where everything in your business works together really really well. ⚡​ Shopify POS is powering more and more large, complex, multi-location merchants like legendary Canadian women's fashion retailer, Laura, which migrated over 130 stores to Shopify’s POS in Q3. ⚡​ We are making every part of commerce work better. This quarter we helped merchants make in-person shopping truly delightful by expanding Tap to Pay in more countries. ⚡​ And, we’re making it easier for our merchants to sell in new countries with our Managed Markets product, which has helped some merchants see an average global sales increase of 40%. The power of our platform is unmatched. 3️⃣ Shopify is increasingly the go-to platform of choice not just for entrepreneurship, but for all of commerce. We are making massive strides across our long-term growth drivers like B2B, international, enterprise, and offline commerce. 🚀​ We had our single largest B2B GMV month ever, with it growing over 145% Year over Year. This is a trend at this point, marking 5 consecutive quarters of triple digit B2B GMV growth. 🚀​ International GMV continues to outpace the growth of North America accelerating to more than 30% and our international merchants grew 36% Year over Year. 🚀​ In Q3 alone we had 16 enterprise launches on Shopify, including brands like Hanes and On Running. The best brands like Reebok, and Victoria’s Secret and high fashion brands like FashionPhile and Off-white are all coming to Shopify. Our mission has always been the same: make commerce better for everyone and, ultimately, create more entrepreneurs across the world and help them grow bigger and faster. We are doing exactly that. We are focused on helping merchants of all sizes thrive today and in the future. It’s why you see brands come to us and never leave. Thank you to everyone on the Shopify team, our partners, and our incredible community for an exceptional quarter.

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STEPHANOPOULOS: Are we starting to see a permanent impact on the economy from the shutdown? BESSENT: Sure. It's getting worse and worse. We had a fantastic economy under President Trump the last 2 quarters, and now there are estimates that growth this quarter could be cut by as much as half. We could end up with shortages.
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STEPHANOPOULOS: Are we starting to see a permanent impact on the economy from the shutdown? BESSENT: Sure. It's getting worse and worse. We had a fantastic economy under President Trump the last 2 quarters, and now there are estimates that growth this quarter could be cut by as much as half. We could end up with shortages.

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Congratulations to the entire sweetgreen team for a great first quarter and their unrelenting drive to further our mission of connecting people to real food Year-over-year, revenue grew 26% and restaurant-level margins expanded by over 400 basis points to 18.1%. Check out our results below 👇
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Congratulations to the entire sweetgreen team for a great first quarter and their unrelenting drive to further our mission of connecting people to real food Year-over-year, revenue grew 26% and restaurant-level margins expanded by over 400 basis points to 18.1%. Check out our results below 👇

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We just shared our Q2 results and I believe the quarters to come will bring more exciting growth as we show the industry that the future of healthcare is scalable, data-driven, and personal. Read more here:
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We just shared our Q2 results and I believe the quarters to come will bring more exciting growth as we show the industry that the future of healthcare is scalable, data-driven, and personal. Read more here:

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Our economy SHRANK this year. It takes a special kind of stupid to take 12 consecutive quarters of positive economic growth and make it go negative. Under the economic policies of Donald Trump and Republicans, America is now in decline.
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Our economy SHRANK this year. It takes a special kind of stupid to take 12 consecutive quarters of positive economic growth and make it go negative. Under the economic policies of Donald Trump and Republicans, America is now in decline.

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MP Ndindi Nyoro: Diesel, as outlined in the circular, has a higher landed cost. For prices to come down to the levels I am referring to, we must allocate 5 billion Kenyan shillings from the Fuel Stabilization Fund to reduce the cost of diesel by about 24 shillings. These measures will help stabilize the economy by reducing erratic inflationary pressures and ensuring stability in the medium and long term. Failure to implement them will result in fuel prices that are too high for the economy

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WARREN: What has changed in the last six months that has caused the Fed to forecast substantial higher inflation, somewhat higher unemployment, and lower economic growth than you did in December? POWELL: Some of it is people working in the possible effects in the short term of tariffs
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WARREN: What has changed in the last six months that has caused the Fed to forecast substantial higher inflation, somewhat higher unemployment, and lower economic growth than you did in December? POWELL: Some of it is people working in the possible effects in the short term of tariffs

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The time of hydrocarbons is gradually coming to an end, and Russia needs to prepare to transition to "new engines" of its economy, Russian finance minister Siluanov said. "It is clear that it will remain for some time, but we need to look at the medium to long term. We need to prepare our economy for these changes," he said at the "Russia: Image of the Future" forum. Instead of looking into the future, Russia is exhausting its resources on a bloody and aggressive war.
0:38

The time of hydrocarbons is gradually coming to an end, and Russia needs to prepare to transition to "new engines" of its economy, Russian finance minister Siluanov said. "It is clear that it will remain for some time, but we need to look at the medium to long term. We need to prepare our economy for these changes," he said at the "Russia: Image of the Future" forum. Instead of looking into the future, Russia is exhausting its resources on a bloody and aggressive war.

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Thank you to the esteemed members of the Osun State Cooperative Movement for the overwhelming show of support and the endorsement of our administration for a second term in office. We remain steadfast in our commitment to progress and development, and we shall leave no stone unturned in ensuring that the wheels of growth and prosperity continue to move forward without any interruption for the benefit of all our people Imole 💡
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Thank you to the esteemed members of the Osun State Cooperative Movement for the overwhelming show of support and the endorsement of our administration for a second term in office. We remain steadfast in our commitment to progress and development, and we shall leave no stone unturned in ensuring that the wheels of growth and prosperity continue to move forward without any interruption for the benefit of all our people Imole 💡

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𝐔𝐍𝐃𝐄𝐑 𝐏𝐁𝐁𝐌 𝐀𝐃𝐌𝐈𝐍, 𝐏𝐇 𝐄𝐂𝐎𝐍𝐎𝐌𝐘 𝐌𝐎𝐑𝐄 𝐒𝐓𝐀𝐁𝐋𝐄 𝐓𝐇𝐀𝐍 𝐄𝐕𝐄𝐑: 𝐍𝐄𝐃𝐀 NEDA Secretary Arsenio Balisacan said the Philippine economy under the Marcos Jr. administration "is more stable than any time in the past." Secretary Balisacan also stressed that the Philippines should strengthen its agriculture and manufacturing sectors further to ensure sustainability and resiliency of the country's economy. "I think over the years, I'm quite confident that our economy now is more stable than any time in the past. It's more diversified, but we need to continue improving, working and developing other pillars of growth," the NEDA Secretary said. "For example, the services sector is a big part of the economy. We should strengthen our agriculture further, manufacturing so that we have all these pillars of growth providing that sustainability and resiliency that we want to achieve," he added.
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𝐔𝐍𝐃𝐄𝐑 𝐏𝐁𝐁𝐌 𝐀𝐃𝐌𝐈𝐍, 𝐏𝐇 𝐄𝐂𝐎𝐍𝐎𝐌𝐘 𝐌𝐎𝐑𝐄 𝐒𝐓𝐀𝐁𝐋𝐄 𝐓𝐇𝐀𝐍 𝐄𝐕𝐄𝐑: 𝐍𝐄𝐃𝐀 NEDA Secretary Arsenio Balisacan said the Philippine economy under the Marcos Jr. administration "is more stable than any time in the past." Secretary Balisacan also stressed that the Philippines should strengthen its agriculture and manufacturing sectors further to ensure sustainability and resiliency of the country's economy. "I think over the years, I'm quite confident that our economy now is more stable than any time in the past. It's more diversified, but we need to continue improving, working and developing other pillars of growth," the NEDA Secretary said. "For example, the services sector is a big part of the economy. We should strengthen our agriculture further, manufacturing so that we have all these pillars of growth providing that sustainability and resiliency that we want to achieve," he added.

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These are some of the milk we consumed in just 1yr. We discarded some of them before I remembered to start saving them for her to see it when she grows up🤣. She definitely enjoys the milk, and it has contributed so well to her growth. See the way she’s laughing🤣. Nestlé
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These are some of the milk we consumed in just 1yr. We discarded some of them before I remembered to start saving them for her to see it when she grows up🤣. She definitely enjoys the milk, and it has contributed so well to her growth. See the way she’s laughing🤣. Nestlé

Peter Obi’s baby❤️😍

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