economic impact
The UK will leave the European Union at the end of 2020 and could form the CANZUK free trade area in 2021. CANZUK would be a free trade union between Canada, Australia, New Zealand and the UK. Canada has a …
China’s newest five year plan has a target of reaching moderate developed nation per capita income levels by 2035. Spain has a per capita income level of $26,000 now and Italy has a per capita income level of $30,000. Those …
Vietnam has increased its 2020 GDP growth target to 3.0% according to the VN Express. The target is 0.5 percentage points higher than the target announced last month. Vietnam has been among the most successful countries at containing Covid-19. They …
The double whammy for the European Union GDP is Brexit and COVID. In 2019, the EU had a combined GDP of $18.3 trillion. The UK leaving removes $2.5 trillion. COVID removed another 10-12% in 2020. The Jan, 2021 GDP will …
The Philadelphia Federal Reserve published results of a survey of 35 economic forecasters on August 14, 2020. They predicted the US economy would expand at an annual rate of 19.1 percent in the third quarter. This was almost double the …
Bahrain has joined the United Arab Emirates in normalizing relations with Israel, President Donald Trump tweeted on Friday. Joint Statement of the United States, the Kingdom of Bahrain, and the State of Israel pic.twitter.com/xMquRkGtpM — Donald J. Trump (@realDonaldTrump) September …
US real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 …
The number of people living in poverty in the world could increase, in comparison to the status quo in 2018, by between 85135 million under a 5 percent contraction, by between 180280 million under a 10 percent contraction, and, startlingly, …
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2020 is -52.8 percent on June 1, down from -51.2 percent on May 29. After this morning’s Manufacturing ISM Report On Business from …
The National Federation of Independent Business (NFIB) is the largest small business association. Small Employers are in crisis and half will have to shut down in less than 2 months without help. Small businesses are half of Americas economy and …