China’s Purchasing Power Economy is 30% Higher Than Official Numbers

The official purchasing power parity (PPP) statistics say that China’s PPP GDP is $24 trillion, but people can buy 30% more than those figures indicate. Reviewing cost of living data and living in China videos indicates that China’s PPP GDP is $31 trillion. There are now comprehensive online comparisons of costs between global cities. This …

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Great Power Nations of the 2050s

Great powers has been a designation given to countries since the time of Napoleon. This is for countries that have have military and economic strength and diplomatic and soft power influence. Italy has ranked as a great power since 2000. Italy seems like the weakest of the nations classified as great powers. Italy has a …

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Bangladesh Matches India’s Per Capita GDP

In 2011, India’s per capita nominal GDP was nearly double (173%) of the per capita GDP of Bangladesh but now Bangladesh has caught up with India’s per capita nominal GDP. India’s purchasing power parity (PPP) GDP per capita of $6,284 is still above Bangladesh’s $5,139. Economists Shoumitro Chatterjee, Pennsylvania State University and Arvind Subramanian, Ashoka …

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COVID Helps China’s Economy Pass EU in 2021 and 2025-2030 for the USA

The double whammy for the European Union GDP is Brexit and COVID. In 2019, the EU had a combined GDP of $18.3 trillion. The UK leaving removes $2.5 trillion. COVID removed another 10-12% in 2020. The Jan, 2021 GDP will be after Brexit is official and enacted on Dec 31, 2020. $15.8 trillion after the …

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US 2020 GDP Could be -2% With Possible Pandemic Economic Recovery By End of 2021

The Philadelphia Federal Reserve published results of a survey of 35 economic forecasters on August 14, 2020. They predicted the US economy would expand at an annual rate of 19.1 percent in the third quarter. This was almost double the prediction of 10.6 percent from the last survey. The forecasters expected real GDP to decrease …

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Bahrain Joins UAE in Normalizing Relations With Israel

Bahrain has joined the United Arab Emirates in normalizing relations with Israel, President Donald Trump tweeted on Friday. Joint Statement of the United States, the Kingdom of Bahrain, and the State of Israel pic.twitter.com/xMquRkGtpM — Donald J. Trump (@realDonaldTrump) September 11, 2020 Bahrain has a population of 1.6 million and a GDP of $39 billion. …

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US Economy Shrank 9.5% in Second Quarter, -32.9% on Annual Basis

US real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The US economy shrank 9.5% in the second quarter. The decrease in real GDP …

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