US second quarter grew at 4.1% but GDP failed to meet some of forecasters’ loftiest targets. Above are the components of Q2 GDP growth Real GDP 4.1 percent in the second quarter and the first quarter was adjusted to 2.2%. If growth continues at 3.0 percent the next two quarters, then real GDP growth will …
China’s debt-to-GDP ratio is the sum of corporate debt, household debt, and government debt all together as a portion of GDP. This ratio is currently around 250 to 260 percent of GDP. Globally, China is in the middle of the pack – higher than most developing but lower than most developed. Now think about at …
Poland has had annual GDP growth that mostly stayed in the 3-7% from 1993 to 2018. Nominal GDP per capita went from $5000 per person in 1993 to about $15800 per person in 2018. On a purchasing power parity basis per capita income is $27000 per person which is about the same as Portugal. Poland …
In 2014, the population of LDCs (Least Developed Countries) was 898 million—1/8 of the world’s total. The population in LDCs is expected to more than double between 2010 and 2050. In the same time period, the total world population is expected to grow less than 40%. However, the number of least developed countries will drop …
The Bureau of Economic Analysis indicates that California had GDP growth of 3.4% and Texas had GDP growth of 5.2%. At the end of 2017, California had a GDP of $2.80 trillion and Texas had a GDP of 1.75 trillion. The US has a GDP of $19.6 trillion at the end of 2017. In May, …
The American Enterprise Institute (AEI) has a report that China’s Belt and Road Initiative (BRI) has spent $340 billion from 2014-2017. Private companies in China tend to invest in the USA, UK, Switzerland and Australia. They are acquiring hotels, entertainment firms and real estate. There is also some M and A activity for buying profitable …
One of the stated aims of the Trump trade sanctions is to get China to respect US intellectual property protection. Many U.S. firms have been willing to transfer technology in return for access to China’s labor and consumer markets. US sanctions did hurt ZTE. Most companies are not as protective as SpaceX about innovation and …
Donald Trump slapped tariffs on at least $50 billion in Chinese imports. China has said that they will retaliate. China announced a 25 percent levy on U.S. pork imports — a heavy blow to Iowa, the top pork-producing state and a political battleground. China could hit airplanes, cars, technology and agriculture products. The US exports …
Phase 1 of the California high-speed rail project (520 miles) is now claimed to have an estimated cost of $78 to $98 billion. This is $150 million to $180 million per mile. This is $94-118 million per kilometer. The system will be five to ten times the average cost of $17–21 million per km of …
Milan Vaishnav, Carnegie Endowment for International Peace, notes that despite great projections for India from McKinsey, the World Bank and IBM and many others, India’s rise is not assured. Milan wrote an article for Foreign Affairs which covers the work of Indian journalist Snigdha Poonam which shows that is a high risk that India could …
Like China, South Korea has used and plans to use high-speed rail for economic development. South Korea and China both have plans to create high-speed rail and cargo links to Europe. The South Korea connection would require rail lines through North Korea. The alternative is an $88 billion undersea train tunnel from South Korea to …