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 …
The IMF now expects Vietnam to have 2.4% GDP growth in 2020 and 6.4% in 2021 while the world will average -4.4% GDP in 2020 and could bounce back 5% in 2021. The world would normally see 3-4% GDP growth in each year. 2020-2021 will the world miss the 8% GDP expected over the two …
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 …
US real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020 according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent. The GDP estimate released today is based on source data that are incomplete or …
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 …
From 2020 to 2025, the cumulative world economic loss in output relative to the pre-pandemic projected path is projected to grow to $28 trillion. The Pandemic is costing the world economy $4 trillion in 2020. The world will have a lost year and the pause in global growth is not projected to be recovered. The …
Vietnam has increased its 2020 GDP growth target to 3.0% according to the VN Express. The target is 0.5 percentage points higher than the target announced last month. Vietnam has been among the most successful countries at containing Covid-19. They stopped COVID in March and July. Vietnam’s GDP growth fell to a 10-year low of …
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 …
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 …
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. …
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 …
