economic impact

economic impactTrade War is Turning US Trade Profile Back to 1980s Levels and Causing a GDP Hit

Wharton professors have projected that even if the recently imposed tariffs are removed, GDP will be permanently smaller relative to having had no trade war. Extending the current trade war by several more years will lead to smaller losses in …

chinaChina GDP Growth Drops to 6.3%

China is reporting a GDP growth rate of 6.3% and unemployment of about 5.1%. The agricultural production situation is relatively good, and the summer grain has achieved a bumper harvest. The total output of summer grain this year has increased …

economic impactSeven Years of India GDP Growth Was Overstated at 7% Per Year Instead of 4.5%

Official Indian estimates placed annual average GDP growth between 2011-12 and 2016-17 at about 7 percent but new research estimates that actual growth may have been about 4.5 percent with a 95 percent confidence interval of 3.5 – 5.5 percent. …

chinaChina Globalizing Currency But Ten Years From Passing British Pound for Third

Russia and China agreed to develop bilateral trade using the Russian ruble and the Chinese yuan. China-Russia bilateral trade was US$24.2 billion in the first quarter of 2019, according to Chinese customs. This was up 30 percent over the first …

economic impactMomentus Water-Plasma Space Transportation Service #SpaceAccess2019

Momentus Space's Water-Plasma Propelled In-Space Transportation Services. Vigoride Extended will be able to take 200 kilogram from low-earth orbit to lunar orbit. It could take 300 kilograms from low-earth orbit to GEO. The cost would be $100,000/kg.

chinaChina and Malaysia Agree on Cheaper and Shorter Rail Plan

Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction Co Ltd (CCCC), the East Coast Rail Link (ECRL) will now be 40 kilometers shorter for a total of 648 kilometers and pass through Jelebu, Negeri Sembilan instead of Gombak …

economic impactFuture is US Oil and Gas and Using Oil for Plastics

By 2025, Texas oil production will double and US and gas production will increase by around 50%. Enterprise Partners forecasts that Texas will surpass 10 million barrels per day of crude oil production by 2025 from the Permian and Eagle …

businessEconomic Impact of Self-driving Trucks

Trucks are the backbone of the supply-chain delivery system. 70% of goods are delivered by truck. The U.S. trucking industry generated $700.3 billion in economic activity in 2017. Self-driving trucks will revolutionize logistics. It can bring down the cost by …