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 …
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 …
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 …
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 …
China’s GDP in 2021 was 114 trillion yuan and in 2022 the yuan has weakened against the US dollar. The yuan is now 7.12 to 1 US dollar. China’s nominal GDP is now 16.0 trillion instead of 17.7 trillion last year. It was 115 yen to 1 US dollar at the end of 2021. It …
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 …
The USA is increasing its lead in per capita income (Purchasing power parity and nominal income) versus major European countries, Japan and Latin American and central american countries. Only faster growing asian countries are catching up in per capita income compared to the USA. The rate of catchup for Asian countries has slowed. The pandemic …
Goldman Sachs cut its China’s economy growth estimate to 7.8% in 2021 from its old forecast of 8.2%. S&P Global Ratings also lowered its 2021 GDP forecast for China, and said uncertainty in the Chinese economy will affect growth prospects across Asia-Pacific. Japanese bank Nomura cut its China’s GDP growth estimate by 7.7% this year, …
India is having a surge in COVID cases and seems likely to surpass 300,000 cases per day. Cases are up 63% from the prior week. This has reached a level that has hit the valuation of the Rupee, is triggering lockdowns and has some financial institutions downgrading GDP forecasts for this quarter and through 2022 …
In order to see if there is significant global and economic acceleration there needs to be a baseline to compare against. This is unambiguous technological wealth standard to measure world-changing effects. The other measurement would be to use quality goals related for measuring changes to quality of life. Unambiguous quality measures of change would be …
