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The most widely accepted definition of a recession is two consecutive quarters of declining GDP. According to a forecast by The Conference Board, U.S. real GDP growth will slow to 1.5% in the first quarter of 2022, down sharply from 6.9% growth in the last quarter of 2021. The White House is confident of strong GDP growth in 2022 despite ...
On average, American working women are paid 82 cents for every dollar that working men make in the US. On top of gender inequalities, American women are also facing race-related inequalities regarding their income. Recent statistics highlighting these issues are outlined below. Latina women in the U.S. had to work all the way through 2020 and ...
China’s growth. To a certain extent this is not surprising: China’s population of 1.4 billion is around four times higher than that of the US at 320 million. Despite the recent slowdown, China’s economy is still growing at almost three times the rate of the US – around 7% over the last couple of years, compared to less than 2.5%.
The American debt has ballooned to $27 trillion, with mandatory spending, including health programs, reaching $2.7 trillion in 2019. 50% of the country's total revenue is from individual income taxes. Higher interest costs in the future could mean less spending is spent on healthcare and education.
The US is still the world's largest economy, according to data from the International Monetary Fund (IMF). Its gross domestic product (GDP), in current prices, is forecast at $21.4 trillion for 2019. The same data saw India leapfrog the UK and France to become the world's fifth largest economy last year, valued at $2.94 trillion.
Image: The U.S. Bureau of Economic Analysis. Coming in fourth place is San Francisco on the West Coast, with $549 billion in total economic output each year. Meanwhile in the South, the Dallas metroplex brings in $478 billion, placing it sixth in the ranks. It’s worth noting that using individual metro areas is one way to view things, but ...
This chart from Howmuch.net is based on World Bank data for Gross Domestic Product (GDP) for 2019. Only 16 economies had a GDP higher than $1 trillion, with the US by far the biggest economy at more than $21 trillion – making up just under a quarter of the global total of almost $88 trillion. China was the second largest at more than $14 ...
The economy of the north-east states – Massachusetts and Pennsylvania up to Maine and including New York – amounts to $4.2 trillion, similar to Japan’s at $4.12 trillion. Florida and Alabama, with $1.087 trillion in GDP, almost match Mexico at $1.14 trillion, while Texas’s economy, $1.59 trillion, is close to that of Brazil at $1.74 ...
A debate rages on in the U.S. over whether immigrants 'steal' jobs and lower national wages, or expand the economy through hard work and innovation. A new study finds that while immigrants make up roughly 15% of workers, they are 80% more likely to become entrepreneurs. Immigrant entrepreneurs have a more profound impact on overall labor demand ...
In 2022, the global bond market totaled $133 trillion. As one of the world’s largest capital markets, debt securities have grown sevenfold over the last 40 years. Fueling this growth are government and corporate debt sales across major economies and emerging markets. Over the last three years, China’s bond market has grown 13% annually.