This week, the International Monetary Fund (IMF) released their latest forecast which predicts that world GDP will grow by 5.5% in 2021 against a net decline of -3.5% seen in 2020. IMF foresees that first half of 2021 will see softer growth and the growth momentum will increase in the second half. The rebound in 2021 is based on the twin-punch of a ‘vaccine-powered’ recovery coupled with policy support in large economies.
Looking behind the curtain of CDC’s Ensemble Forest model for forecasting deaths from Covid-19
What is the error in the estimates of the popular Covid-19 models and what can we conclude from that insight?
Summary of the book, ‘Extreme Ownership’ by Jocko Willinck and Leif Babin – leadership lessons from Navy SEALS. any inspiring, practical and motivational primer on leadership harnessed by the authors from the battlegrounds of Iraq which applies to any leadership situation including the corporate world.
The pace of technology adoption is getting faster and the time period for a new technology to become mainstream is getting shorter – it took 40 years for electrical power to be present in 90% of US households but only 24 years for computers and 10 years for social media usage.
The US unemployment report for Aug showed the 2nd biggest monthly drop in US unemployment after a 2.2% reduction that occurred in June 2020. However there are a three caveats to the impressive rebound; biggest increase was driven by temporary hiring for 20202 Census and the permanent job losses continued to rise while the number of long term unemployed hardly moved.