Topic: Gross Domestic Product
Top galleries, list articles, quizzes
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Where gas prices are highest
Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
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A hard landing for China? Six top economists weigh in.
China's economy grew 8.9 percent last quarter, the slowest pace in 2.5 years, and on Monday Premier Wen Jiabao cut the nation's growth target for 2012 to 7.5 percent, an eight-year low. Worries of a Chinese hard landing, defined as a sharp and sudden deceleration in growth, have gained momentum. However, China has been proactive in its efforts to prevent a hard landing. It has fine-tuned its policies to curb inflation, boost domestic consumption, and prevent a housing bubble. The Chinese government intervened heavily from 1989 to 1991 to cool its economy, causing real growth in gross domestic product to plunge to 4.1 percent in 1989, from 11.3 percent the previous year. It stepped in again in 1993. And some argue that this time around it's no different, and that the government knows exactly what it is doing. So we asked six top China analysts whether they saw a hard or soft landing scenario and what we should keep an eye on.
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World's cheapest gas: Top 10 countries
While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. Here are the 10 cheapest countries on Earth to fill a gas tank.
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China's Vice President Xi is in town: what 6 international newspapers say
Chinese Vice President and presumed leader-in-waiting Xi Jinping is visiting the United States this week. From the increased US militarization of the Asia-Pacific region to China’s human rights record, newspapers across the globe are chiming in with their opinions and expectations for this high-profile visit. Here are a sample of six:
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Five budget realities no politician will talk about (not even Ron Paul)
Ron Paul deserves credit for making the boldest proposals of any candidate in the presidential race. The astonishing reality of the federal government’s budget situation, however, is that even his plans might not be enough to keep Uncle Sam out of bankruptcy. While President Obama offers a $3.8 trillion budget that optimistically might cut the federal deficit to $575 billion by 2018, federal data suggest the United States is already broke. The Federal Reserve estimates that the net value of all private assets, including real estate, stocks, bonds, businesses, cash, etc., is $57 trillion. But the Treasury Department estimates the federal government’s net worth is a negative $61 trillion. Here are five budget realities that no candidate wants to acknowledge:
All Content
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Stefan Karlsson
Economic growth, or a slowdown in US productivity?
Economic growth, or a slow down in overall productivity? Analyst Karlsson argues that what many economists had announced as an uptick in employment growth late last year and early this year was actually a slowing of US productivity.
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Keep Calm
As Europe peers into economic chasm, Africa's economy is rising
Reports by the African Development Bank, World Bank, and McKinsey show how Africa continues to offer a bright spot in the global economy.
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Where gas prices are highest
Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
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Why China's economy may be heading for a hard landing
Business confidence has sunk for the third quarter in a row as a growing number of indicators suggest China's economy is slowing.
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Why stock market is spinning its wheels despite positive trends
Consumer income and spending are up, but the stock market has been largely stagnant since February. Two big trends could be behind the Dow's tepid spring.
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The Circle Bastiat
No, Chinese inflation isn't a good sign
Experts say that Chinese inflation is a natural side effect of a healthy economy. Here's why they're wrong.
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Stefan Karlsson
Can price inflation fix a lagging economy?
Yes, but the boost it provides is temporary and offers no permanent solution.
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Stefan Karlsson
Why Obama's recovery won't match up to Reagan's
Growth was consistently much higher during the Reagan recovery than in the Obama recovery but exceeded it by a lot more during the phase when government spending increased equally than when spending rose in the Reagan recovery compared to the Obama recovery.
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A hard landing for China? Six top economists weigh in.
China's economy grew 8.9 percent last quarter, the slowest pace in 2.5 years, and on Monday Premier Wen Jiabao cut the nation's growth target for 2012 to 7.5 percent, an eight-year low. Worries of a Chinese hard landing, defined as a sharp and sudden deceleration in growth, have gained momentum. However, China has been proactive in its efforts to prevent a hard landing. It has fine-tuned its policies to curb inflation, boost domestic consumption, and prevent a housing bubble. The Chinese government intervened heavily from 1989 to 1991 to cool its economy, causing real growth in gross domestic product to plunge to 4.1 percent in 1989, from 11.3 percent the previous year. It stepped in again in 1993. And some argue that this time around it's no different, and that the government knows exactly what it is doing. So we asked six top China analysts whether they saw a hard or soft landing scenario and what we should keep an eye on.
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Stefan Karlsson
Good news in GDP
The Nominal Gross Domestic Product has been revised upward in a very promising sign for the US economy.
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World's cheapest gas: Top 10 countries
While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. Here are the 10 cheapest countries on Earth to fill a gas tank.
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Greece begrudgingly cedes sovereignty in exchange for bailout funds
The conditions the European Union set for Greece in exchange for a second bailout represent a very unusual amount of outside control and oversight of a sovereign country.
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China's Vice President Xi is in town: what 6 international newspapers say
Chinese Vice President and presumed leader-in-waiting Xi Jinping is visiting the United States this week. From the increased US militarization of the Asia-Pacific region to China’s human rights record, newspapers across the globe are chiming in with their opinions and expectations for this high-profile visit. Here are a sample of six:
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Five budget realities no politician will talk about (not even Ron Paul)
Ron Paul deserves credit for making the boldest proposals of any candidate in the presidential race. The astonishing reality of the federal government’s budget situation, however, is that even his plans might not be enough to keep Uncle Sam out of bankruptcy. While President Obama offers a $3.8 trillion budget that optimistically might cut the federal deficit to $575 billion by 2018, federal data suggest the United States is already broke. The Federal Reserve estimates that the net value of all private assets, including real estate, stocks, bonds, businesses, cash, etc., is $57 trillion. But the Treasury Department estimates the federal government’s net worth is a negative $61 trillion. Here are five budget realities that no candidate wants to acknowledge:
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Does Obama blueprint reduce budget deficit fast enough? (+video)
US budget deficit, which has hit $1 trillion for four straight years, would fall to $900 billion in 2013, under Obama's budget blueprint released Monday. It is slated to keep falling, but even by 2018 would barely satisfy credit-rating firms.
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Stefan Karlsson
A European recession could have American consequences
Even with only about two percent of American exports going to Europe, a severe recession in the region would affect the US beyond the direct effect on exports.
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The Daily Reckoning
Should you invest in a no-growth economy?
We’ve just had one of our best months in stock market history. Many investors are convinced that it is the beginning of something big. But is the economy really recovering enough for investing to make sense?
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On the Economy
Fourth-quarter GDP figures good, not great
The growth rate was 2.8 percent, slightly below expectations but an okay boost nevertheless.
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GDP grew 2.8 percent last quarter, but momentum still weak
The fourth quarter 2.8 percent GDP increase represents a pickup from the 1.8 percent pace seen in the prior quarter, but it was lower than economists expected. And unemployment remains high.
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Stefan Karlsson
China's economy may surpass US before 2020
China's economy is now nearly half as big as the U.S. economy. Its economic growth figures suggest that China could become bigger sooner than previously thought.
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China reports solid economic growth. Should we believe it?
China announced that GDP growth in the last quarter of 2011 was 8.9 percent, which suggests China will have a soft landing as its economy cools. But what's behind the numbers?
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On the Economy
Don't stop worrying about the economy
Sure, the recent economic news has been good, but there are plenty of things (like oil prices) that should keep you worrying
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Stefan Karlsson
No, machines aren't stealing our jobs
If machines were replacing human workers, productivity would have gone up. It hasn't.
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The New Economy
Forecast for 2012: recession, but not a Great Recession
Recession will last the year, but it will be shorter and much shallower than the Great Recession.
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State of the world: U.N. poverty-reduction goals on track
Part 4 of the surprisingly upbeat state of the world: U.N. global poverty-reduction goals are met.
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