The economic and financial changes we’re going through are unprecedented, and trying to keep up with it all is an impossible task. This newsletter presents some of the most important, interesting, and unexpected economic and businesses news of the week based on a set of statistics. This list is compiled by some of the economics and business experts at EvolvEd, who offer lessons in subjects from basic economics to stock picking (to much more).
- 18% is the size of the US budget deficit as a portion of GDP for the end of the fiscal year. Expanded spending and lower tax revenues has caused this metric to increase drastically.
- 52.4 is the percent of Americans who disapprove of Trump’s job performance according to FiveThirtyEight. This is up roughly 3% since March.
- 154 million two- and three-wheel vehicles were registered in India in 2015 compared to 39 million cars. Electric motorcycle sales are increasing in the developing world and analysts expect sales of motorcycles to be the hottest market for all electric vehicles.
- 170 million dollars was given back to the government by 13 large companies after an outcry that they should not have received funding meant for small businesses.
- 800,000 customers have told Verizon Wireless that they will have trouble paying their phone, internet, or TV bills. People often stop paying their wireless bills before defaulting on car payments and other more essential goods, spelling trouble for the telecom company.
On EvolvEd you can find experts to teach you the fundamentals of business, economics, stocks and many more topics. Go beyond the headlines by truly understanding what is behind the economics that governs our lives.
- Deficit: https://www.wsj.com/articles/coronavirus-projected-to-trigger-worst-economic-downturn-since-1940s-11587765028
- 2 Wheels: https://www.wsj.com/articles/the-future-of-electric-vehicles-may-ride-on-two-wheels-11587812401