economy

economyGermany and UK Will Be in Recession if Third Quarter GDP Growth is Negative

Germany might have a recession in 2019. Commerzbank Chief Economist Joerg Kraemer and Kiel Institute economist Jens Boysen-Hogrefe agreed that while there is more pain to come for Germany’s manufacturing sector, the nation’s current construction boom would inhibit any government …

chinaChina’s Provincial GDP for 2018

China’s National Bureau of Statistics has released GDP for each province for 2018. The provinces that are as rich as Guangdong and above the World Bank per capita $12,055 GNI per capita level to count as high income. The World …

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

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

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

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?

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

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

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

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

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 …