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  1. #1
    WHT-BR Top Member
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    Dec 2010
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    [EN] China will become the world's largest economy by the end of the year



    UNTIL 1890 China was the world’s largest economy, before America surpassed it. By the end of 2014 China is on track to reclaim its crown. Comparing economic output is tricky: exchange rates get in the way. Simply converting GDP from renminbi to dollars at market rates may not reflect the true cost of living. Bread and beer may be cheaper in one country than another, for example. To account for these differences, economists make adjustments based on a comparable basket of goods and services across the globe, so-called purchasing-power parity (PPP). New data released on April 30th from the International Comparison Programme, a part of the UN, calculated the cost of living in 199 countries in 2011. On this basis, China’s PPP exchange rate is now higher than economists had previously estimated using data from the previous survey in 2005: a whopping 20% higher. So China, which had been forecast to overtake America in 2019 by the IMF, will be crowned the world's pre-eminent country by the end of this year according to The Economist’s calculations. The American Century ends, and the Pacific Century begins.
    http://www.economist.com/blogs/graph...daily-chart-19

  2. #2
    WHT-BR Top Member
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    Dec 2010
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    15,049

    Us: Huge miss on gdp

    The Bureau of Economic Analysis' first estimate of Q1 GDP is out and the numbers are mixed.

    GDP slowed to 0.1% in Q1 from 2.6% in Q4. This was much weaker than the 1.2% growth expected.

    However, personal consumption grew by 3.0%, which was better than the 2.0% expected.

    Exports of goods and services tumbled 7.6% taking a full percentage point off of GDP growth.

    Read more: http://www.businessinsider.com/q1-gdp-april-2014-2014-4

  3. #3
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    15,049

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