European economies like German and the UK are expected to struggle in 2020, a fate they share with industrialized nation Japan. According to the IMF, China and the U.S. are to remain at the top of the ranking in 2024, while Indonesia is projected to pull ahead of Germany. By 2030, ...
Once upon a time, the world was neatly divided into prosperous and backward economies. Babies were plentiful, workers outnumbered retirees, and people aspiring towards the middle class yearned to own homes and cars. Companies didn't need to see any further than Europe and the United States to...
Once upon a time, the world was neatly divided into prosperous and backward economies. Babies were plentiful, workers outnumbered retirees, and people aspiring towards the middle class yearned to own homes and cars. Companies didn't need to see any further than Europe and the United States to...
"India’s billionaires control a considerably larger share of the national wealth than do the superrich in bigger economies like those of Germany, Britain and Japan. Among the Indian billionaires included on the most recent Forbes rich list, a majority have derived their wealth from land, natural...
Europe accounted for 19% of output in the top 10 global economies in 2020 but that will fall to 12% by 2035, or lower if there is an acrimonious split between the EU and Britain, the CEBR said. It also said the pandemic's impact on the global economy was likely to show ...
By 2030, the RCEP will increase the member economies' incomes by 0.6 percent, adding 245 billion dollars annually and 2.8 million jobs to the regional economy, according to a study by the Asian Development Bank. "A SHOT IN THE ARM" FOR GLOBAL ECONOMY The RCEP came into force initially in...
Although the per-capita consumption of energy is way lower than not just the Western world, but also other emerging economies, the large population means a large energy import bill and shows up in India’s current account imbalances. This was more true around 10 years back. Over ...
installed solar capacity stood at about 121 GW as of early 2022, and that of China – the world’s largest solar-energy market – at perhaps 350 GW. In other words, each year, the world must now deploy roughly as much solar as has ever been installed in its two largest economies. To...
It noted that China has the largest number of employees who would need to switch occupations, up to 100 million if automation was adopted rapidly, or 12 percent of the 2030 workforce. The numbers are higher in more advanced economies, with up to onethird of the 2030 workforce in America...
Europe accounted for 19 percent of output in the top 10 global economies in 2020 but that will fall to 12 percent by 2035, or lower if there is an acrimonious split between the EU and Britain, the CEBR said. It also said the pandemic’s impact on the global economy was likely to sho...