gdp Archive

economyResearchers projected post-2008 crisis growth onto the world through 2100 and then talked about 7% economic cost of climate damage

A research paper claims that if the world stays at 2 degrees celsius of warming versus going up to 4 degrees celsius of warming then the world economy will be US$17.5 trillion per year stronger in 2100. At 4 degrees …

economic impactUSA weak but long recovery could last another ten years

Based upon elapsed time since the last recession the USA is due for another recession. However, the US recovery has been exceptionally weak. Previous growth cycles in the USA have had 40% to 90% cumulative GDP growth. The USA is …

citiesChina’s Casino City Macau will have highest per capita GDP in 2020

The IMF’s World Economic Outlook Update predicts Macau will behave the world’s highest per capita GDP of US$143,116 in 2020. Qatar will be second with US$139,151. Qatar has a population of 2.5 million. Macau has a population of 650,000. Macau …

gdpRussia is weak and has a rapidly aging and shrinking population

Russia has canceled its 5th generation fighter the Su57 (aka T50). They will build in some stealth into older planes. Russia is not able to buy large numbers of its new Armata tanks at $4 million each. They will upgrade …

artificial intellgenceTech and Economic Boom for a Roaring 2020s

Many people are worried about their future jobs and about long recessions and economies collapsing. There is a good chance that there will be a strong global economic and technological boom throughout most of the 2020s and 2030s. Instead of …

artificial intelligenceImpact of AI and Mobile Internet compared to Growth of China and India 2013-2025

In 2013, McKinsey lists 12 disruptive technologies that would have multi-trillion economic impact from 2013 to 2025. Nextbigfuture compared this to expected GDP growth of nations. It is now five years down the line and we can see more about …

gdpIndia was sixth largest economy in 2017 and likely fifth in 2018

In the World Bank’s ranking by 2017 GDP, the largest economy is the United States, followed by China, Japan, Germany and the United Kingdom. In the rankings of 2017 GDP released in early July, China remains the world’s second-largest economy …

chinaChina’s cities are shaping China and impacting the World

In 2014, Nobel Prize-winning economist Joseph Stiglitz said that two significant forces would shape global prosperity in the 21st century: 1. U.S. technological innovation 2. urbanization in China. The Brookings Institute has an updated look at 103 cities in China …

africaIndia and Asia are solving extreme poverty problem but Nigeria and Africa are not

According the Brookings Institute projections, Nigeria has already overtaken India as the country with the largest number of extreme poor in early 2018, and the Democratic Republic of the Congo could soon take over the number 2 spot. Above chart …

economic impactSecond tax cut package coming this year

The White House is pushing ahead with a second tax cut package. They plan to have a new tax package ready for a vote around September or October. National Economic Director Larry Kudlow told FOX Business in March that part …