home.social

#servicesector — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #servicesector, aggregated by home.social.

  1. 1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

  2. 1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

  3. 1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

  4. 1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

  5. 1 #TorstenSlok, chief economist at Apollo Global Management: When #China joined the #WTO in 2001, #US #manufacturing was hit hard, but US overall #unemployment stayed remarkably low because offsetting forces like #servicesector growth, #export gains + business expansion absorbed much of the blow 🧵

  6. This week, we're going to test the proportion that #CorporationTax rates have a material effect on incoming investment... as rate rises from 19%-25%.

    However, all is not as it may seem; #JeremyHunt has also launched 100% #taxrelief on capital investment, which may offer some help to #manufacturing whose CapEx needs are (likely) more pronounced than the #servicesector.

    Q.is whether the tax rise causes any exits from the UK by large mobile firms, or whether #sunkcosts will keep them here anyway?