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  2. David O'Rear's East Asia Politics & Economics Blog

David O'Rear's East Asia Politics & Economics Blog

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David O'Rear's East Asia Politics & Economics Blog

08.03.2025

The Economic Effects of a Potential Armed Conflict Over Taiwan – David O'Rear's East Asia Politics & Economics Blog

St Louis Federal Reserve, February 26, 2025, By  Christopher J. Neely Abstract This article examines the likely economic effects of a Chinese invasion or blockade of Taiwan for the U.S. and the world by considering historical precedents. Such a conflict would likely produce a flight-to-safety in the asset market, huge disruptions in international trade,…

David O'Rear's East Asia Politics & Economics Blog

12.03.2025

China’s 2024 Economy – David O'Rear's East Asia Politics & Economics Blog

According to the official data release, China’s economy grew 5% in real terms in 2024, to Rmb134,908.4 billion (US$18,943.3 billion). That’s equal to Rmb95,797 – US$13,400 – per person. Urban (and national) consumer prices, again according to the official numbers, rose just 0.2% during the year; those in the rural areas rose 0.3%. The renminbi…

David O'Rear's East Asia Politics & Economics Blog

22.03.2025

The Other Deficit – David O'Rear's East Asia Politics & Economics Blog

Last year, America's exports of goods and services rose 3.9% under the Balance of Payments definition while imports were up 6%. Goods – merchandise, durables, or “things you can drop on your foot” – comprise two-thirds of exports and about 80% of imports. As a result, the physical goods deficit rose 14.1%, to a record…

David O'Rear's East Asia Politics & Economics Blog

28.03.2025

The Long-Term US Budget Outlook: 2025-2055 – David O'Rear's East Asia Politics & Economics Blog

https://www.cbo.gov/publication/61187 Summery: This report presents the Congressional Budget Office's projections of what the federal budget and the economy would look like over the next 30 years if current laws generally remained unchanged. Those long-term projections are based on the agency's January 2025 demographic projections (which reflect information, laws, and policies as of November 15, 2024),…

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