PB Macro @MacroPb

We analyze macro economic data and emerging trends. Providing financial literacy for global community. Joined April 2022

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PB Macro @MacroPb

3 years ago

#Indian #Forex reserves have been dropping recently. Main reasons include withdrawal of funds by #FPIs and high crude oil prices. Although reserves have fallen, they are still high based on historical figures. Here are reserves data since 1999.

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PB Macro @MacroPb

3 years ago

With rising interest rates, interest cost for governments across the globe is increasing. Thus, a larger portion of the national budget will now go towards interest payments. The increased cost will either be paid by cutting spending, higher taxes or taking more debt.

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PB Macro @MacroPb

3 years ago

Higher interest rate has started to show its impact on consumers. Retail sales in Canada declined MoM by 2.5% in July. reuters.com/markets/us/can…

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PB Macro @MacroPb

3 years ago

India's #forex reserves declined WoW by $5.22 billion to $545.65 billion. The decline was primarily due to #dollar strengthening leading to sale of forex by #RBI to protect #Rupee.

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PB Macro @MacroPb

3 years ago

With rising interest rates, interest cost for governments across the globe is increasing. A bigger chunk of budget will now go towards interest payments. The options that governments have are: a. Cut spending, b. Higher taxes or c. Take on more debt cnbc.com/2022/09/21/fed…

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PB Macro @MacroPb

3 years ago

It will be big in terms of global geopolitics, if it goes through. reuters.com/article/india-…

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PB Macro @MacroPb

3 years ago

#Germany seizes Russian assets #RussiaUkraineWar finance.yahoo.com/news/germany-t…

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PB Macro @MacroPb

3 years ago

Latest #RBI data shows that India's #Forex Reserves have fallen week over week to $550 billion. Reserves increased sharply after 2018 but have been on the decline since beginning of the year due to high crude oil prices and US #FED tightening.

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PB Macro @MacroPb

3 years ago

Indian refineries consume around 5.2 million bbls/d of crude. The month of June and July saw a dip in crude processing after processing record volumes in May 2022. #CrudeOil #EFT #COM #India

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PB Macro @MacroPb

3 years ago

With cost of energy becoming unbearable for average person in Europe, UK becomes the first country to cap energy bills. theguardian.com/politics/2022/…

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PB Macro @MacroPb

3 years ago

With rising interest rates squeezing money out of the pockets, Canadians are unable to cover day to day expense and are borrowing to fill the gap. bnnbloomberg.ca/average-non-mo…

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PB Macro @MacroPb

3 years ago

BoC has hiked its policy rate by another 75 basis point to 3.25%. This is highest in over a decade.

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PB Macro @MacroPb

3 years ago

UK has new prime minister, Liz Truss. Its fourth in six years. cnn.com/2022/09/05/uk/…

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PB Macro @MacroPb

3 years ago

Latest quarter #GDP growth rate for #India was 13.4% YoY. However, compared to pre COVID levels (Q1 FY 20), GDP has grown by 1.26% CAGR. The economy hasn't fully recovered from slowdown related to COVID.