Blog posts tagged by tag: Economic Growth (GDP)

• Predictions for the global economy in 2019 from 13 experts

  With the new year just underway, we polled 13 economic experts for their predictions for the global economy in 2019. Before diving into that, our latest economic outlook for the global economy has growth coming in at 3.1% in 2019, which is below the 3.3% increase projected for 2018. Global economic growth is seen coming in at 2.9% in 2020. 

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  Tags: Economic Growth (GDP)

• 2018's Growing and Shrinking Economies

  With the first quarter of 2018 in the books, the global economy appears to be running fairly smoothly despite a good deal of domestic and geopolitical uncertainty in various regions across the globe. In fact, the global economy is going so well, FocusEconomics panelists expect the global economy to grow 3.4% in 2018, which would represent the strongest rate in seven years. With that said, in this post we highlight some of the economies that are growing (and shrinking) in 2018.

  

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  Tags: Economic Growth (GDP)

• The Poorest Countries in the World

  GDP per capita is considered an important method to compare how poor or wealthy countries are in relation to each other. We decided to make an update to one of our most popular blog posts and take a look at our forecasts for GDP per capita in 2025 for the 130+ countries we cover to see which are projected to be the five poorest countries in the world at the end of our forecast horizon. The projections used in this article are Consensus Forecasts based on the individual forecasts of over 1000 world renowned investment banks, economic think tanks and professional economic forecasting firms.

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  Tags: Economic Growth (GDP)

• The Latest on China and What's in Store for 2018

  China has been one of the fastest growing economies over the last few decades and is now the second largest economy in the world, just behind the United States. However, after years of astronomical economic growth, the economy is currently in the middle of a “managed” slow down, due in large part to Chinese authorities’ desire to avoid the economy overheating. So what is going on in China currently and what is in store for 2018? Head of Economic Research Ricard Torné reports.

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  Tags: China, Economic Growth (GDP)

• Risks and Opportunities for 2018 - Daniel Lacalle

  Daniel Lacalle, PhD, author of Escape from the Central Bank Trap, contributes a guest post to the FocusEconomics Insights blog. In this post, Daniel tells us what his predictions are for the global economy in 2018. 

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  Tags: Economic Growth (GDP)

• The World's Top 5 Largest Economies in 2024

  We are currently witnessing the changing of the economic guard, with emerging-market economies—particularly in Asia—making huge development strides and the hegemony of the West looking ever shakier. The Covid-19 crisis has seemingly accelerated this change: China was one of the few major economies to record growth last year for instance, while the U.S. and Europe were mired in deep recessions. The next several years should see a continuation of recent trends, with China and India further closing the economic gap with developed economies.

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  Tags: Economic Growth (GDP), Infographic

• The Icelandic economy and Game of Thrones: Just what the maester ordered

  Iceland is known for its natural picturesque beauty, active volcanos, the northern lights and of course its friendly people. In fact, the country was recently named the friendliest country in the world by the World Economic Forum. However, the one black spot on the country’s nearly spotless record was the 2008 Icelandic banking crisis that left the country’s economy on the verge of complete collapse.

  In 2008, all three of Iceland’s major privately owned commercial banks failed and the country’s stock market lost 80% of its value overnight. Brought on by the deregulation of banks in 2001, years of asset inflation and bad loans resulted in a national debt 10 times that of its GDP. The banks eventually defaulted resulting in the largest single banking collapse in world history.

  With the economy teetering on the edge after the disaster, the government took emergency measures to get the economy back on its feet and stabilize the Icelandic krona. Nearly 10 years later Iceland has been called a European success story as its economy is now looking like a world beater. The country is on track to be the fastest growing economy among OECD member countries in 2017. And a lot of this is down to the recent boom in tourism and specifically, the hit HBO TV series, Game of Thrones.

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  Tags: Economic Growth (GDP)

• Spain: The economy that continues to silence the critics

  One of the original PIGS, the Spanish economy continues to silence its critics, growing quarter after quarter. And in what is starting to become familiar territory for the Southern European country, the economy started 2017 off with a bang, dispelling fears of an abrupt slowdown in economic activity that some had expected due to the fading of several tailwinds. 

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  Tags: Economic Growth (GDP), European Union, Spain

• 23 economic experts weigh in: Why is productivity growth so low?

  Productivity is considered by some to be the most important area of economics and yet one of the least understood. Its simplest definition is output per hour worked, however, productivity in the real world is not that simple. Productivity is a major factor in an economy’s ability to grow and therefore is the greatest determinant of the standard of living for a given person or group of people. It is the reason why a worker today makes much more than a century ago, because each hour of work produces more output of goods and services.

  According to Ian Stewart, Deloitte’s Chief Economist, “It is hard to overstate the importance of productivity in driving improvements in living standards. Since 1850, UK GDP per head has risen 20-fold, transforming our standards of living. If productivity had remained flat over that period, GDP per head would only have doubled.”

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  Tags: Economic Growth (GDP)

• Global growth to edge up in 2017

  Global growth is likely to strengthen this year but uncertainty over geopolitical issues across the globe, elections in various European countries, Brexit negotiations and Donald Trump as President of the United States, pose risks to growth. Have a look at what is expected for the developed economies & the emerging markets in 2017.

  

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  Tags: Asia, Eastern Europe, Economic Growth (GDP), Infographic, Latin America, Major Economies

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