Weekly spending data from Bank of America shows a 1.0% y/y decrease in total card spending per household and a 1.9% y/y decrease in retail ex auto spending per household as of Feb 17. Meanwhile, Vietnam leads in GDP per capita growth with a 357% increase between 2003-2023.
Average inflation is around 3.3%. Stock market growth is 6.6% minus inflation. Companies should grow at least 3.3% based on price increases.
Increase in GDP per capita (PPP) between 2003-2023. 🇻🇳 Vietnam: 357% 🇰🇠Cambodia: 355% 🇵🇠Philippines: 191% 🇮🇩 Indonesia: 187% 🇸🇬 Singapore: 172% 🇲🇾 Malaysia: 160% 🇹🇠Thailand: 153% (IMF)
“Though average weekly earnings increased by 3 percent in January over a year prior, this is below inflation of 3.1 percent. Real average weekly earnings had increased for seven months before falling last month. And there had been declines in year-over-year average weekly…
Average annual GDP growth, between 2013-2023. 🇦🇪 UAE: 3.2% 🇧🇠Bahrain: 2.7% 🇸🇦 Saudi Arabia: 2.4% 🇮🇶 Iraq: 2.4% 🇶🇦 Qatar: 2.2% 🇮🇷 Iran: 2.1% 🇰🇼 Kuwait: 0.2%
Average annual GDP growth, between 2013-2023. 🇵🇱 Poland: 3.4% 🇳🇱 Netherlands: 1.8% 🇳🇴 Norway: 1.7% 🇪🇸 Spain: 1.6% 🇬🇧 UK: 1.5% 🇫🇷 France: 1.1% 🇩🇪 Germany: 1% 🇷🇺 Russia: 0.9% 🇮🇹 Italy: 0.5%
Average annual GDP growth, between 2013-2023. 🇨🇳 China: 6.1% 🇹🇼 Taiwan: 3% 🇰🇷 South Korea: 2.5% 🇯🇵 Japan: 0.7%
🇺🇸💳 Weekly spending update through Feb 17 via BofA Key takeaways: • Total card spending per HH was down 1.0% y/y in the week ending Feb 17, according to BAC aggregated credit & debit card data. • Retail ex auto spending per HH came at -1.9% y/y in the week ending Feb 17.… https://t.co/EedFjG0kEa