Group Of Twenty (G-20) GDP Returns To Pre-Pandemic Levels

G-20

The Group of Twenty (G-20) Nations economy saw gross domestic product return to pre-pandemic levels in the first quarter of 2021, but with large differences emerging between nations. GDP of the G-20 area grew by 0.8% in the first quarter, compared with the fourth quarter of 2020, according to the latest data from the Organisation for Economic Co-operation and Development released Thursday.

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Group Of Twenty (G-20) GDP Returns To Pre-Pandemic Levels via @MasterMindUpdate

Google plans to invest ₹75,000 crore in India to boost digital economy

Technology giant Google has announced that it plans to invest over ₹75,000 crore($10 billion) in India over a period of 5-7 years. Google and Alphabet CEO Sundar Pichai made the announcement today at ‘Google for India’ virtual event. The Google’s investment in India will be made through equity investments and tie-ups, marking its biggest commitment to a growth market.

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Google plans to invest ₹75,000 crore in India to boost digital economy via @MasterMindUpdate

It’s hard to be the next China, not impossible

In the 1960s, Japan and Europe exported their way to post-World War II prosperity under the fixed exchange rates of the Bretton Woods agreement. The U.S. went off the gold standard in 1971, but the established way of doing things didn’t collapse. Thirty years later, China essayed the role of being the world economy’s periphery and selling cheap widgets to a revamped core — the West and Japan — with the help of an undervalued exchange rate.

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It’s hard to be the next China, not impossible via @MasterMindUpdate