Germany Has Passed Japan for Third Largest World Economy

Official data has reports Japan economy in 2023 was $4.2 trillion in 2023, while Germany’s was $4.5 trillion. The U.S., the world’s largest economy, is expected to grow 5.8% to $26.94 trillion. China’s economy, the world’s second-largest, is forecast to shrink 1.0% to $17.7 trillion. Germany tripled from the 1990s to today. The Japan and …

Read more

Germany Passing Japan Aging Population as Third Largest World Economy

According to the IMF World Economic Outlook report, Japan’s nominal GDP — that is, unadjusted for inflation — is expected to fall 0.2%, year-on-year, to $4.23 trillion in 2023, while Germany’s is forecast to expand 8.4% to $4.42 trillion. The U.S., the world’s largest economy, is expected to grow 5.8% to $26.94 trillion. China’s economy, …

Read more

Japan’s Economy Is Heading for Rapid Decline and No Retirement

NHK, one of Japan’s main media companies, had a segment where Japan is worried about dropping from its ranking as the third place economy (nominal GDP). Japan sees its economy falling behind Germany. Germany has a population of 84 million people while Japan has 122 million. Japan’s per capita income has also cratered a rapidly …

Read more

Low Population in 2050 for $50 Trillion Economic Loss – Over Ten Times More Than Climate Change

We do NOT know if the climate models are correct. There are predictions that worsening storms and drought will have economic losses that are 20-50 times worse than today by 2050. The older predictions of flooding or winters without snow have not happened. However, we know for certain that lowering birth rates will result in …

Read more

ChatGPT AI Projected to Impact Over 300 Million Jobs and World GDP

Goldman Sachs has an analysis that ChatGPT and other generative AI could spark a productivity boom that could automate 25% of jobs in North America and Europe and raise annual global GDP by 7% over a 10-year period. The new AI could lift productivity growth by 1.5 percentage points over a 10-year period. This is …

Read more

Plan for 100 Million Canadians by 2100 is on Track

Canada’s realtime population estimate is 39.4 million. Canada will reach 40 million in 2023. The Century Initiative is a Canadian charity that aims to increase Canada’s population to 100 million by 2100. The USA is on track to having population increase from 330 million today to 434 million in 2100. If Canada’s plan is followed …

Read more

China Extreme Economic Stimulation of Manufacturing Including the Electric Car Industry Starting 2H2022 $TSLA $CATL $NIO

China’s battery maker and electric car companies were up from 1.5%-11% on hopes of “extraordinary policies to address the lack in downstream manufacturing companies”. CATL largest battery supplier in the world and major Tesla supplier is up about 2% on China’s stock exchange. NIO and Xpeng are high-end electric car makers and are up about …

Read more