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GDP News The World Bank cuts global GDP outlook for 2020 The World Bank has cut its global GDP growth forecast for 2020 due to the ongoing coronavirus pandemic. The World Bank now expects the global economy to contract by 5.2 percent this year, a downgrade from its April forecast of a 3 percent contraction. The World Bank said that the pandemic had caused “an unprecedented shock” to the global economy and “far-reaching economic, social, and political consequences.” The bank warned that the global economy could face a significant risk of a “protracted recession” if the pandemic is not contained. It also warned that the economic impact of the pandemic could have long-lasting effects on the wellbeing of individuals and societies. The World Bank also warned that the global economic recovery could be “sluggish” and “uneven” as countries struggle to contain the virus and address the economic fallout. It emphasized the importance of continued fiscal and monetary policy support to help countries and businesses weather the crisis. The World Bank also highlighted the need for an effective international response to the crisis, including an “ambitious” and “coordinated” global effort to
'They’re playing on a different board: Analyst warns China’s praise for rivals masks a deeper truth - 'They’re playing on a different board: Analyst warns China’s praise for rivals masks a deeper truth BusinessToday
Ojha contends that China's priorities have shifted from dollar-based GDP comparisons to deeper levers of control and power.
'6.5% GDP not enough...': India’s 65% youth population may go untapped, warns TRUST Mutual Fund CIO in sharp post - '6.5% GDP not enough...': India’s 65% youth population may go untapped, warns TRUST Mutual Fund CIO in sharp post BusinessToday
A demographic dividend arises when a country sees a higher proportion of working-age people relative to dependents, creating a window of economic potential. But this potential can only translate into real gains with the right investments in education, skills, and employment generation.
Require GDP Acceleration For Earnings Growth, Says ITI CIO Rajesh Bhatia
Rajesh Bhatia flagged the headwinds facing the earnings of Indian companies as the country's economic growth slows to multi-year lows and international trade tensions dampen the global outlook. "For earnings expansion, we need topline growth.
Japan’s 'Megaquake' Warning: Once-In-A-Century Quake May Cause 3 Lakh Deaths
About 3,00,000 people could die in the event of a potential ‘mega’ earthquake off the Pacific coast in Japan, a government report warned on Monday. The potential earthquake, dubbed as a ‘megaquake’, could cause $1.81 trillion damage to Japan’s economy, putting its GDP under significant pressure.
Household Net Worth Has Increased Relatively Steadily - Econlib
On March 7, 2025, I highlighted Herb Stein’s article “Balance of Payments,” which appeared in David R. Henderson, ed. The Concise Encyclopedia of Economics. That led to a lively discussion in the Comments section. Frequent commenter Warren Platts noted that the U.S. Net International Investment as a percentage of GDP has gone downhill since […]
The Fiscal Reckoning: Trump’s Inconvenient Legacy | The Market Monetarist
The graph below shows the relationship between the federal budget situation (% of GDP) in the USA and American unemployment. Blue dots represent years with Democratic presidents, red dots show years with Republican presidents, and green dots indicate years when Trump was president. Until around 2008, we observe a clear inverse relationship between unemployment and…