The USA is increasing its lead in per capita income (Purchasing power parity and nominal income) versus major European countries, Japan and Latin American and central american countries. Only faster growing asian countries are catching up in per capita income compared to the USA. The rate of catchup for Asian countries has slowed. The pandemic …
Goldman Sachs cut its China’s economy growth estimate to 7.8% in 2021 from its old forecast of 8.2%. S&P Global Ratings also lowered its 2021 GDP forecast for China, and said uncertainty in the Chinese economy will affect growth prospects across Asia-Pacific. Japanese bank Nomura cut its China’s GDP growth estimate by 7.7% this year, …
India is having a surge in COVID cases and seems likely to surpass 300,000 cases per day. Cases are up 63% from the prior week. This has reached a level that has hit the valuation of the Rupee, is triggering lockdowns and has some financial institutions downgrading GDP forecasts for this quarter and through 2022 …
In order to see if there is significant global and economic acceleration there needs to be a baseline to compare against. This is unambiguous technological wealth standard to measure world-changing effects. The other measurement would be to use quality goals related for measuring changes to quality of life. Unambiguous quality measures of change would be …
The Bank of America global analyst predicts that China will sustain an average 4.7% annual GDP growth from now to 2035 which will result in a doubling of China’s GDP. Qiao predicts that China’s GDP will pass the US GDP in 2027-2028. China’s GDP is currently 30% less than the USA. China (including HK and …
US GDP at the end of 2020 is estimated at $21.48 trillion and China (with Hong Kong and Macua) is estimated at $16.03 trillion. China reported 2020 GDP at 101.6 trillion yuan. The USD to Chinese Yuan exchange rate is 6.46. China’s GDP is US$15.73 Trillion. If Hong Kong and Macau GDP is added, then …
Canada’s nominal GDP is $1.80 trillion. Canada’s dollar converts to a US dollar at C$1.26 to $1 USD. The Canadian dollar was at C$1.45 to $1 USD in March 2020. The Canadian dollar was at C$1.31 to C$1.35 to $1 USD through much of 2019. The Canadian dollar has strengthened by 7-8% over where it …
The official purchasing power parity (PPP) statistics say that China’s PPP GDP is $24 trillion, but people can buy 30% more than those figures indicate. Reviewing cost of living data and living in China videos indicates that China’s PPP GDP is $31 trillion. There are now comprehensive online comparisons of costs between global cities. This …
The IMF now expects Vietnam to have 2.4% GDP growth in 2020 and 6.4% in 2021 while the world will average -4.4% GDP in 2020 and could bounce back 5% in 2021. The world would normally see 3-4% GDP growth in each year. 2020-2021 will the world miss the 8% GDP expected over the two …
Great powers has been a designation given to countries since the time of Napoleon. This is for countries that have have military and economic strength and diplomatic and soft power influence. Italy has ranked as a great power since 2000. Italy seems like the weakest of the nations classified as great powers. Italy has a …
US real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020 according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent. The GDP estimate released today is based on source data that are incomplete or …