GDP is a crucial measure of economic activity that helps policymakers and investors with decision-making.
For the third consecutive year, the 2023 Legatum Prosperity Index finds that prosperity continues to plateau around the world, with the primary reason being a general trend towards the deterioration of institutions and democratic processes. This year, we
3 The Conference Board’s Consumer Expectations Index is at a 12-year low while its Consumer Confidence Index declined for the fourth consecutive month.4 Recent economic concerns contrast with previously solid, economic expansion including 2023’s 2.9% Gross Domestic Product (GDP) growth and 2024’...
We expect China’s economy to grow 5.8 per cent in 2023, up from 3.0 per cent in 2022. Household consumption is likely to contribute 4-4.5ppt to this year’s GDP growth, up from 1ppt in 2022.But how are these divergent economic trends in the US and China likely to impact the rest...
New data shows economy ended strong in 2023 Economic strength surpasses expectations, new GDP data shows04:07 After almost two years of jacking up interest rates, the Federal Reserve on Wednesday againleft its benchmark interest rate unchangedamid signs of steadily cooling inflation andsolid economic...
So if a country’s GDP were $1 trillion and its people worked 20 billion hours to create that value, the country’s labor productivity would be $50 per hour. Labor productivity growth is crucial to increased wages and standards of living, and it helps increase consumers’ purchasing power....
Last year, Guangdong’s GDP hit 13.57 trillion yuan, with an annual growth rate of 4.8%. The growth rate might seem a bit mild for the economic powerhouse, but it’s the first province to have crossed the 13-trillion yuan threshold, which is about 2 trillion U.S. dollars. It is a ...
The most common measure of economic growth isreal GDP. This is the total value of all goods and services produced in an economy with that value adjusted to remove the effects of inflation. There are three different methods for looking at real GDP: Quarterly growth at an annual rate: This lo...
The RF Ministry of Economic Development presented three scenarios in its socioeconomic development forecast for 2016, which envisaged that the GDP decline trajedoi:10.2139/ssrn.2707690Drobyshevsky, SergeyKazakova, Maria VSocial Science Electronic Publishing...
GDP is an important measurement for economists and investors because it tracks changes in the size of the entire economy. In addition to serving as a comprehensive measure of economic health, GDP reports provide insights intothe factors driving economic growthor holding it back. Economic health, as...