Xie, who is also a member of the 14th National Committee of the Chinese People's Political Consultative Conference, China's top political advisory body, said that despite the unfavorable factors, China still achieved GDP growth of 5.2 percent in 2023, maintaining its contribution of more than 30...
Kentucky Gov. Andy Beshear has laughed off some unflattering comments aimed at him on social media in the past year, and had his teenage son translate what one barb meant Associated PressJan. 2, 2025 Kentucky Attorney General Finds No Requirement to Use Tax Dollars to Pay for Inmate Gender ...
Amid stubborn inflation that shows no sign of abating, US gross domestic product (GDP) growth slowed significantly to an annual rate of 1.6 percent in the first quarter, marking a sharp drop from the 3.4 percent in the f...
Returning US productivity to its long-term trend of 2.2 percent annual growth would add $10 trillion in cumulative GDP over the next ten years. This is equivalent to every US household seeing a cumulative income gain of $15,000 over that period. Other things being equal, it would also boos...
Powell emphasized that core measures of goods and services inflation, excluding housing, had fallen rapidly over the past two years. “We expect that these rates will continue to fluctuate in their recent ranges,” he said. “We are watching carefully to be sure that they do, however, just ...
最终的结果是,2024年将有人需要购买超过10万亿美元的美国政府债券。这比美国政府未偿还的债务的三分之一还要多。也超过了美国GDP的三分之一。 当美国国债的最大持有者,即外国人,继续减少他们的份额时,这可能会是一个特别的挑战,如下面的第二张图所示。
the past decade, ranking second in the world and making China the largest and fastest-growing emerging economy. China’s GDP is only 61.35% that of the US and its per capita GDP only 14.38% that of the US. However, China’s GDP growth over the past decade was tenfold that of the ...
To many, these are indicators of an unsustainable economic boom. Indeed, the US Federal Reserve has raised rates to slow down growth and inflation, and the first estimate of second-quarter GDP, published on July 28, shows a decline of...
Describe the change in the US government debt as a percentage of GDP over the past 20 years What are the three “knock-on” effects of rising government debt around the world mentioned in the article? What role does the US dollar’s status as a global reserve currency play in the governm...
For the past few years, the US economy has been growing at a pace that seemed too good to be true.