More in Gross Domestic Product
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State And Local Government Contraction Suppress U.S. Economic Recovery
A new report released by the Tax Policy Center examines the role that state and local governments have played in the U.S. economic recovery. Examining state and local finances in...
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Australian GDP Misses Forecasts
Australia released its most recent GDP growth numbers last night and they came in slightly below analysts expectations. While investors were looking for 2.7% growth, the Australian government reported a...
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OECD Projects Global GDP Growth Of 3.1% In 2013 And 4% In 2014
The OECD has published a new report with its updated economic forecasts. Right away they note that historically high unemployment is the greatest challenge facing governments today. Global gross domestic...
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US GDP Growth At +2.4% In Second Estimate For Q1 2013
The U.S. Bureau of Economic analysis reports in its second estimate for the first quarter of 2013 that U.S. GDP increased at a seasonally adjusted annual rate of +2.4%. This...
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Russia Bond Sale Fails Amid Lack Of Competitive Bids
In a seemingly under-reported story, Bloomberg covered a recent failed Russian bond sale. Surprisingly, this is the the second time the Russian Finance Ministry has been unsuccessful in placing bonds...
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GDP Has Recovered In Germany, Stagnated In The Periphery
After undergoing an expected GDP slump in 2009 during a global recession, Germany bounced back and continues to grow. The eurozone periphery, however, has for the most part seen its...
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In Sign Of Strength Polish Bonds Outperform Peers
In yet another sign of Polish financial success, a Bloomberg interview with the country’s Financial Minister Jacek Rostowski shows their emergence among European counterparts. As the chart illustrates, Poland continues to...
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Latest Data Shows Unexpected Growth In Singapore
While most of the developed world has been cutting interest rates to spur growth, some countries in Southeast Asia are actually looking to raise rates. Singapore’s most recent GDP data...
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Rearranging European Debt Doesn’t Remedy Fiscal Imbalances
Europe has used a variety of financial mechanisms to rearrange the debts of its nations and to provide stimulus/bailout monies. It’s important to realize though that the problem is not just the interest...
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The Eternal Budget Deficit
Many economists have made a point to stress how government budget deficits are only a small problem, and approach deficits as something that can be recuperated in the long run. In...
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Okun’s Law And The U.S. Employment Recession
A new paper considers what portion of those unemployed in the U.S. are unemployed due to structural, rather than cyclical, factors through the perspective of
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Scottish Bank Are Too Big To Save
According to a report from the U.K. Treasury, the Scottish banking system would be too big to save if Scotland were to become an independent nation. The hypothetically sovereign Scotland...
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Nikkei And Japan GDP Soaring With More QE
This one year chart of the Nikkei 225 index in Japan shows nice gains since the rumors and subsequent official announcement of gigantic monetary stimulus. In April, Abenomics kicked off...
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Per Capita GDP Rises With Urbanization
Over the last couple centuries, the world has become increasingly urbanized. In 1820 the U.S. had less than a 10% urban population, compared to over 80% in 2005. South Korea...
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The Export Leaders Since The Financial Crisis Have Been Emerging Economies
Emerging economies have performed particularly better economically than developed nations since the financial crisis of 2007. Barclays shows that India and China had the greatest annual gains in export growth...
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GDP Growth Depends Heavily On Productivity Growth
The below chart from Goldman Sachs (via @cigolo) shows the very strong correlation between GDP growth and productivity growth. Note that since 1960, major Asian nations have experienced the greatest...
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US Still Lags OECD In Preschool Enrollment
We’ve learned before that the U.S. ranks terribly low when graded on child well-being, and a significant part of the problem may be a lack of education. Here’s an interactive...
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Real GDP Growth Is Booming In Sub-Saharan Africa
Citi brings to attention the booming GDP growth that has been happening for the past 17 years in Sub-Saharan Africa. The region lagged global growth from 1981-1995, but has been...
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GDP Of Most European Countries Still Below Pre-Crisis Levels
The below chart from BAML shows real GDP of European nations indexed to the beginning of 2008. Unfortunately for Europe, Germany is the only nation where real GDP is actually higher than its pre-crisis level, and...
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The Eurozone’s Weakening Economies
Gone are the days that we see any positive economic news out of Europe. Many member states of the European Union have slipped into recession, while others seem that they...
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US GDP At SAAR Of 2.5% In Q1 2013
The U.S. Bureau of Economic Analysis reports in its first estimate for the first quarter of 2013 that gross domestic product grew at a seasonally adjusted annual rate of +2.5%. This is a considerable improvement...
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US Ranks Near The Bottom Of Developed Countries In Child Well-Being
UNICEF has recently released an incredibly interesting report examining child well-being in 29 of the world’s most advanced economies. I’ll cover some highlights here, but I do recommend reading the...
