Firstly, China's development is an opportunity for the world and also for India.Currently, China is India's largest trading partner. Last year, the total import value of goods in India reached about 670 billion US dollars, with imports from China accounting for about 100 billion US dollars. ...
Recessions can last for months or years, depending on how drastic the economic downturn is. For example, the 2020 recession technically only lasted for two months, the shortest on record, while the Great Recession between 2007 and 2009 lasted 18 months. ...
SEOUL, Jan. 22 (Xinhua) -- South Korea's real gross domestic product (GDP), adjusted for inflation, posted the lowest growth in 10 years last year, central bank data showed Wednesday. The real GDP grew 2.0 percent in 2019 from the previous year, after expanding 3.2 percent in 2017 and ...
He added that China has highlighted the development of "future industries" as a key part of its development plan for the next few years, and frontier technologies have to be an essential part of China's future industries. Hugh Goodacre, a lecturer in the history of economic thought at Univer...
It is the highest second-quarter GDP growth recorded by the country in the past 10 years. The sector of agriculture, forestry and fishery grew by 3.02 percent against the same period last year, while industry and construction grew 8.87 percent, and services up by 8.56 percent, said the offic...
Like many of the worlds major economies, the United States has experienced a steady growth in GDP over the last few years. The Indian economy was expected to experienced growth of 9.4 percent between 2020 and 2021, while China’s GDP was expected to grow 8.1 percent in the same period. ...
A year earlier Keynes (1937) was arguing for population stability when he was saying that, with no major wars and no important increases in population, the economic problem might be solved within a hundred years. The first reaction to Hansen’s fears came from Schumpeter (1942, chapter X) ...
Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest. Read more ...
Which of the following would be included in GDP for the United States? a tire manufacturer making and selling tires to Ford to be used in their new cars Jane's car being stolen so she is forced to purchase a used car as a replacement Toyota, a Japanese car company, producing cars in ...
Comprehensive economic data will be available in a few years for Biden’s presidency. How Does the President Impact GDP? Since GDP is the most popular way to measureeconomic growth, it can show us how the economy performed under each U.S. president. How the economy does under a president ...