Russia February PMIs
Manufacturing 49.5 (was 49.4)
Services 51.3 (53.1)
Composite output index 50.8 (52.1)
The burst of service activity is now disappearing? Manufacturing has been in contraction territory for an year.
@tonysangle
Non-Resident Research Fellow & former Chief Economist UNU-WIDER Helsinki. ๐บ๐ณ๐ซ๐ฎFormer Professor of Economics, University of Copenhagen.๐ฉ๐ฐAlso Manchester & Warwick universities ๐ฌ๐ง https://www.wider.unu.edu/expert/tony-addison-0
Russia February PMIs
Manufacturing 49.5 (was 49.4)
Services 51.3 (53.1)
Composite output index 50.8 (52.1)
The burst of service activity is now disappearing? Manufacturing has been in contraction territory for an year.
A favorite economist of mine sounding like a favorite climate activist @billmckibben.bsky.social paulkrugman.substack.com/p/renewable-...
Yup, though many poorer countries are locked into fossil fuels, while having tremendous renewables potential. For more: our @unu-wider.bsky.social open access book global.oup.com/academic/pro...
Great piece on Trumpโs tariffs after the Supreme Court ruling by @pkrugman.bsky.social ๐
๐
๐๐บ๐ธ
๐ฌ๐งBrexit๐
๐
Many pitfalls in processing: success stories but also many failures. Discussed in our (open access) @unu-wider.bsky.social OUP book ๐ global.oup.com/academic/pro...
๐ฌ๐งBrexit๐
So, maybe 400k Russians killed. About 650k have moved aboard during the past four years. Inward migration lower than before. (End-2025 ~4m legal migrant workers, 2015 it was 7m.)๐ท๐บ
Total labor force ~76m.
How Russiaโs fatalities compare with Ukraineโs
economist.com/graphic-deta...
Great piece on Trumpโs tariffs after the Supreme Court ruling by @pkrugman.bsky.social ๐
๐ง๐บ๐ธ๐ช๐บ
โUS importers already paid 15% tariffs on Parmesan & Camembert cheese before last yearโs trade deal. Under the trade deal, cheese was capped at 15%. But now, the existing rate will be added to the new 15% levy, making for a tariff of nearly 30%โ ๐๐
www.nytimes.com/2026/02/23/w...
Recommended ๐
โGovt. lawyers wrote in court filings last summer that plaintiffs whose cases went to the Supreme Court โwill assuredly receive payment on their refund with interestโ if they won .. trade lawyers said judges are likely to hold the administration to those promisesโ๐
www.bloomberg.com/news/article...
I feel your pain.
Yet having taught international trade economics 30+ years ago, I feel a spring in my step. ๐
โGovt. lawyers wrote in court filings last summer that plaintiffs whose cases went to the Supreme Court โwill assuredly receive payment on their refund with interestโ if they won .. trade lawyers said judges are likely to hold the administration to those promisesโ๐
www.bloomberg.com/news/article...
Recommended ๐
Yes, hard to say which, but percentage estimates probably available. ๐ค
๐ง๐บ๐ธ๐ช๐บ
โUS importers already paid 15% tariffs on Parmesan & Camembert cheese before last yearโs trade deal. Under the trade deal, cheese was capped at 15%. But now, the existing rate will be added to the new 15% levy, making for a tariff of nearly 30%โ ๐๐
www.nytimes.com/2026/02/23/w...
After the Supreme Court judgement, Trumpโs tariffs face stronger headwinds. Not least, the impact on consumer prices, with affordability a top voter concern ahead of the November mid-terms. ๐๐บ๐ธ
One reason why damage to emerging economies like Vietnam from Trumpโs tariffs has been less than feared on โLiberation Dayโ 2025.
๐บ๐ธHow the Supreme Court decision against Trumpโs IEEPA tariffs is going down with the US public (60% like the courtโs decision)๐
One reason why damage to emerging economies like Vietnam from Trumpโs tariffs has been less than feared on โLiberation Dayโ 2025.
After the Supreme Court judgement, Trumpโs tariffs face stronger headwinds. Not least, the impact on consumer prices, with affordability a top voter concern ahead of the November mid-terms. ๐๐บ๐ธ
โLiberation Dayโ tariffs threw a lot of sand in the trade engine but didnโt dent the size of the overall trade deficit.
This study is essential reading on tariffs as Trump maneuvers after the Supreme Court ruling against the Liberation Day tariffs. Those on autos, aluminum, steel etc remain as enacted via a different route ๐
After the Supreme Court decision, what next? Trump will use other legal routes (10% global tariff under Section 122 authority he just announced) but the underlying macroeconomics will keep the trade deficit growing.
After the Supreme Court decision, what next? Trump will use other legal routes (10% global tariff under Section 122 authority he just announced) but the underlying macroeconomics will keep the trade deficit growing.
This study is essential reading on tariffs as Trump maneuvers after the Supreme Court ruling against the Liberation Day tariffs. Those on autos, aluminum, steel etc remain as enacted via a different route ๐