doi:10.1016/0305-750X(91)90258-JBird, GrahamElsevierWorld DevelopmentBird, G., ‘Debt, Deficits and Dollars: The World Economy in 3-D.’ World Development , Vol. 19 (February/March, 1995) pp. 245–54.
aHe adds, “…the dollar’s exchange rate is at present the most important price in the world economy…” Because the dollar acts as a world currency, its value affects many nations. The central banks of many countries hold huge reserves of dollars, and over half of all world trade is ...
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Interest rates are fundamental indicators of an economy’s growth. In the United States, the Federal Reserve’s move to increase interest rates is expected to spur growth and exuberance on the part of investors, while tempering the economy itself. Higher interest rates can help an economy avoid ...
Meanwhile, Japan lost its status as the world's third-largest economy to Germany in dollar terms, as its nominal GDP for 2023, unadjusted for inflation, stood at 4.21 trillion U.S. dollars, less than the size of the German economy which totaled 4.46 trillion U.S. dollars. ...
②US President Donald Trump has threatened to impose 25-percent tariffs on all steel and aluminum imports. Could these tariffs backfire on the US economy? (12:38) ③Japanese automaker Toyota will build a new factory in Shanghai to produce Lexus EVs. (24:14) ...
During the early 1980s, the US dollar was very strong, and fiscal deficits were rising. The Plaza Accord in September 1985 reversed the fortunes of the US economy. The federal deficit declined; the unemployment rate fell; and the US saw its longest expansion in the postwar period. The dual...
BEIJING, Dec. 27 (Xinhua) -- The year 2022 has seen the world economy limping on through the shockwaves of a barrage of unknowns. And the year 2023 could be off to a fairly rough start due to the continued impact of such undesired events like the Ukraine crisis, the U.S. Federal ...
and who will be his economics top brass at the Treasury and in the White House. But a decent first guess is that President Trump will be bad for the world economy in aggregate; and a second is that his actions are likely to do more harm, in the short term at least, to economies ou...
Nominal GDP in Current U.S. Dollars:$30.34 trillion3 PPP Adjusted GDP in Current International Dollars:$30.34 trillion4 GDP Growth:2.2%5 Nominal GDP Per Capita in Current U.S. Dollars:$89.68 thousand6 The United States economy is the largest in the world as measured by nominal GDP. The ...