Khmer Riel vs. USD
It’s not old. GDP growth for 2022 won’t be reported until 2023. Annual data is… annual.
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As others have pointed out, it’s the newest data there is.JollyBee wrote: ↑Mon Jul 11, 2022 11:52 amYou do realise that is old data?
Are you suggesting you have reason to believe that the gap between Cambodia and the US’ growth has somehow suddenly inverted in the past 6 months, bucking a multi-decade trend that persisted even through multiple booms and busts? Or are you just being contrary for its own sake?
Yes, both Cambodia and US GDP, and the UK, have down turned and are likely to be heading into a recession, if not alreadynerdlinger wrote: ↑Mon Jul 11, 2022 8:24 pmAs others have pointed out, it’s the newest data there is.JollyBee wrote: ↑Mon Jul 11, 2022 11:52 amYou do realise that is old data?
Are you suggesting you have reason to believe that the gap between Cambodia and the US’ growth has somehow suddenly inverted in the past 6 months, bucking a multi-decade trend that persisted even through multiple booms and busts? Or are you just being contrary for its own sake?
in one. I prefer looking at current charts rather than imagined trends.
Cambodia has negative 3.14% growth.
US has negative 3.49% growth
I knew I should have posted these charts with my last post.
https://www.macrotrends.net/countries/U ... ic-product
https://www.macrotrends.net/countries/K ... s+gdp+2022
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Fair enough. Although it says 2022 it appears to go no higher than the end of 2020. If you read the text above the chart it says there was a 6.4 % decline in 2020, so it must be 2021.as the chart says negative 3.14%.
Can I ask you how you think Cambodia will recover if the dollar and interest rates keep rising? I see unemployment, housing and a stock crash.
I wonder if they will start printing again. Re QE.
I also wonder if this is part of the Great Reset where they let countries default then the IMF steps in and issues it's digital currency : IMF Coin(crypto).
Here's something about the UK economy
Main points
Gross domestic product (GDP) fell by 0.3% in April 2022, after a decline of 0.1% in March 2022; UK GDP increased by 0.2% in the three months to April 2022.
Services fell by 0.3% in April 2022 and these were the main contributors to April's fall in GDP, reflecting a large decrease (5.6%) in human health and social work, where there was a significant reduction in NHS Test and Trace activity.
Production fell by 0.6% in April 2022, driven by a fall in manufacturing of 1.0% on the month, as businesses continue to report the impact of price increases and supply chain shortages.
Construction also fell by 0.4% in April 2022, following strong growth in March 2022 when there was significant repair and maintenance activity following the storms experienced in the latter half of February 2022.
This is the first time that all main sectors have contributed negatively to a monthly GDP estimate since January 2021.
But for those of a contrary nature.
Remember, inflation, according to the FED, is transitory ...
Can I ask you how you think Cambodia will recover if the dollar and interest rates keep rising? I see unemployment, housing and a stock crash.
I wonder if they will start printing again. Re QE.
I also wonder if this is part of the Great Reset where they let countries default then the IMF steps in and issues it's digital currency : IMF Coin(crypto).
Here's something about the UK economy
Main points
Gross domestic product (GDP) fell by 0.3% in April 2022, after a decline of 0.1% in March 2022; UK GDP increased by 0.2% in the three months to April 2022.
Services fell by 0.3% in April 2022 and these were the main contributors to April's fall in GDP, reflecting a large decrease (5.6%) in human health and social work, where there was a significant reduction in NHS Test and Trace activity.
Production fell by 0.6% in April 2022, driven by a fall in manufacturing of 1.0% on the month, as businesses continue to report the impact of price increases and supply chain shortages.
Construction also fell by 0.4% in April 2022, following strong growth in March 2022 when there was significant repair and maintenance activity following the storms experienced in the latter half of February 2022.
This is the first time that all main sectors have contributed negatively to a monthly GDP estimate since January 2021.
But for those of a contrary nature.
Remember, inflation, according to the FED, is transitory ...
The euro has plunged further. Now almost at parity with the USD. 1 euro = 1.0013806 USD.
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