The title of the letter is from a Broadway play many years ago. Many people today feel that everything is terrible, with wars dragging on indefinitely, inept and corrupt governments in most parts of the world, non-existent leadership, and a global economic situation complicated by …
There are many ways to measure different economies against one another, but comparing countries by GDP per capita remains one of the most tried-and-true methods. GDP per capita attempts to level the playing field by dividing a country’s economic output by its population, effectively giving the average …
The political race is heating up in the United States, and it is really embarrassing to see the contenders’ lack of quality and credibility. President Biden seems to be deteriorating by the hour and commented while visiting the Maui fire disaster that provoked a general …
Visualizing the $105 Trillion World Economy in One Chart By the end of 2023, the world economy is expected to have a gross domestic product (GDP) of $105 trillion, or $5 trillion higher than the year before, according to the latest International Monetary Fund (IMF) …
Kristalina Georgieva Working together to address common challenges, and building economic bridges, will be crucial to improve lives. When the G20 finance ministers and central bank governors meet in Gandhinagar next week, the world will be looking for joint action to address rising economic fragmentation, …
Photo: Bill Oxford on Unsplash The world economy is affected by a combination of persistent high inflation, low growth, and high-interest rates that, if extended, could lead to financial instability. Geopolitical tension adds to the uncertainty. Its adverse effects on economic growth may also cripple tax revenues, and this would increase pressure on already high …
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Asia and the Pacific are a relative bright spot amid the more somber context of the global economy’s rocky recovery. As the chart shows, the region will contribute about 70 percent of global growth this year—a much greater share than in recent years, boosted by China’s Reopening. The …
With President Biden’s announcement that he will seek reelection in 2024, a new confrontation with former President Trump, who seems to be the Republican with the best chance of being his party’s candidate, is on the horizon. It is incredible that in a country of …
Overview The outlook is uncertain again amid financial sector turmoil, high inflation, ongoing effects of Russia’s invasion of Ukraine, and three years of COVID The baseline forecast is for growth to fall from 3.4 percent in 2022 to 2.8 percent in 2023, before settling at …