gdp

economic impactBrexit getting closer

Brexit is currently scheduled to end its transition period in December 2020. Brexit is the British exit from the European Union. Theresa May’s cabinet meets later on Wednesday to approve or reject the text of a draft withdrawal agreement drawn …

asiaAsia will be over half of the world economy in 2028

Asia is about 60% of the world’s population. There are about 7.7 billion people in the world and 4.6 billion are in Asia. In 2030, the world will have about 8.56 billion and Asia will have nearly 5 billion people. …

economic impactUS Third Quarter GDP grew 3.5% to $20.66 trillion

Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter of 2018, real GDP increased 4.2 percent. The Bureau emphasized …

economic impactHumanity will not change for coral or ice but will change for money

The new report from the Intergovernmental Panel on Climate Change on limiting global warming to 1.5 degrees Celsius predicts a tolerable climate-changed world. Why is it tolerable? The IPCC predicts the ice caps and Greenlands ice will go away. They …

gdpPoland and Ukraine getting stronger economically

Poland already passed Greece in GDP per capita and Polands leaders expects Poland pass Portugal in GDP per capita in 2019. Poland could pass Italy in GDP per capita within 10 years. They need to be referring to GDP per …

climate changeIPCC gives climate warning and contradictions

The (IPCC) Intergovernmental Panel on Climate Change has given its 2018 report on world climate. * IPCC estimates that global model pathways limiting global warming to 1.5°C are projected to involve the annual average investment needs in the energy system …

chinaWhat if World Business Cycles are less US-centric?

China economy on a GDP purchasing power parity basis became the largest in 2013 and it is now 25% larger than the USA. China’s economy will be 30% larger in 2019 and 50% larger in 2023. China’s GDP statistics do …

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 …

chinaChina’s top provinces passing Portugal in individual income

In 2018, China’s top 3 city-provinces (Beijing, Shanghai, and Tianjin) are past Portugal on a per capita income exchange rate basis. In purchasing power parity they are at about the level of Spain. Below there is color coding of the …

futurePhilippines will be World Bank upper-middle income in 2019

The Philippines National Economic and Development Authority (NEDA) sees 7-8% GDP growth making the Philippines an upper middle-income country by 2019 which would be 3 years ahead of a 2022 target. A World Bank definition for an upper middle-income economy …