economy Archive

economyUSA number one in economic competitiveness for the first time in ten years

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The United States is the top ranking country in the World Economic Forum 2018 competitiveness rankings. The USA has not been number one in competitiveness since 2008. At the heart of the competitiveness agenda is the recognition that economic growth …

economyLargest consumer markets

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Here is a list of the largest consumer markets in 2017. Overall world consumer spending is at about $44 trillion. Country HFCE (millions of USD, nominal) % of GDP Year United States 12,820,694 69% 2016 European Union 9,613,986 56% 2017 …

economyEarly business recovery from a mini-2015 and 2016 recession

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Federal Reserve Chairman Jerome Powell sees the U.S. economy generating highly optimistic expectations. The jobless rate is at 3.9% and inflation is around the Fed’s goal of 2%. Historically, low unemployment has fueled inflation and sometimes has forced the Fed …

economyWill India’s economy be $5 or $10 trillion in 2030?

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India’s economy is currently at $2.6 trillion on an exchange rate basis. Hong Kong Shanghai Bank and forecasters agree that India will surpass Japan to become the number three economy in the world. India’s government has a target of a …

economyResolving the Trade War via the World Trade Organization and Europe

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The trade war is ramping to higher levels. President Trump’s new tariffs on $200 billion worth of Chinese goods start on Monday, and he has threatened more. China had already retaliated with tariffs of its own. China has canceled high-level …

economyOver 100 million barrels per day of oil consumption later in 2018 which is $2.2 trillion per year at $60 per barrel

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OPEC said world oil consumption will reach 100 million barrels per day (bpd) later in 2018. This milestone level will be reached sooner than previously forecast. Mohammad Barkindo told an energy conference in South Africa’s Cape Town that a stable …

chinaChina’s future of huge urban areas and dominant ecommerce

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China’s first quarter 2018 retail sales were 10% more than the US level. China was at $1.436 trillion and the US was at $1.306 trillion. China’s overall retail is growing at 9% per year or double the US rate. China’s …

economic impactCubic miles of oil and hundreds of gigawatts per year of added electricity

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A cubic mile of oil per year is about 5.084 Terawatts per year with continuous power generation. making current world energy use around 15 TW. The world is using about 3.9 cubic miles of oil per year in electricity. The …

agricultureUS and Mexico announce a new trade deal

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The U.S. and Mexico struck a trade deal on Monday that paved the way to replace NAFTA, the current agreement between the two nations and Canada. Mexican officials promised the Latin American country would start buying as farm product as …

economyRecessions usually occur 10-22 months after interest rate curve inverts

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The U.S. economy is growing at a fast clip, and the bull market is entering its ninth year. Some economists are starting worry over rising interest rates and a negative signal from the bond market called a flattening yield curve. …