#gdp

China’s Reopening Poised To Boost Global Economic Growth

GTDW FDI Trade & Supply Chain Digitalisation News

Feb 16
2 min

China’s Reopening Poised To Boost Global Economic Growth

China’s reopening from Covid-19 restrictions will not only accelerate the country’s economic recovery, but it will also boost global economic growth, according to Goldman Sachs Research. Due to the faster-than-expected rate of reopening, our economists now forecast China’s GDP to grow by 6.5% in 2023 on a Q4/Q4 basis. On top of that, the reopening—and the recovery of Chinese domestic demand—could raise global GDP by 1% by the end of 2023, GS Research’s Joseph Briggs and Deves

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UNCTAD -Now 8 billion and counting: Where the world’s population has grown most and why that matters

GTDW FDI Trade & Supply Chain Digitalisation News

Nov 23, 2022
2 min

UNCTAD -Now 8 billion and counting: Where the world’s population has grown most and why that matters

The world’s population growth has become increasingly concentrated in developing countries, highlighting the need to address inequalities and ensure a just transition towards a low-carbon future. According to UN estimates, the world population passed the 8 billion mark on 15 November. Over the past 25 years, the number of people on the planet has increased by one third, or 2.1 billion. Humanity is expected to grow by another fifth to just under 10 billion around 2050. In the

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GTDW FDI Trade & Supply Chain Digitalisation News

Sep 26, 2022
1 min

Top Total Foreign Trade Countries in ASEAN

The total amount of foreign trade is also called the value of foreign trade, which is expressed in amount. The import and export quantity of a country or region in a certain period of time is an important economic indicator to measure the foreign trade status of a country or region. ASEAN countries are highly dependent on foreign trade, and most countries' foreign trade in goods accounts for more than half of GDP. China, the United States, the European Union, Japan and South

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New UNCTAD website monitors global trade and GDP in real time

GTDW FDI Trade & Supply Chain Digitalisation News

Jul 8, 2022
2 min

New UNCTAD website monitors global trade and GDP in real time

The site improves the utility and accessibility of UNCTAD’s nowcasts for the international community. UNCTAD launched on 1 July a new interactive website that provides real-time estimates on global trade and GDP, showing the impacts of the multiple global economic shocks. The website provides data-based estimates, known as nowcasts, which shed light on the continuing economic pressures of the war in Ukraine and the persistent strong inflationary concerns. They offer timely in

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Visualizing the Coming Shift in Global Economic Power (2006-2036p)

GTDW FDI Trade & Supply Chain Digitalisation News

Jun 28, 2022
1 min

Visualizing the Coming Shift in Global Economic Power (2006-2036p)

As the post-pandemic recovery chugs along, the global economy is set to see major changes in the coming decades. Most significantly, China is forecast to pass the United States to become the largest economy globally. The world’s economic center has long been drifting from Europe and North America over to Asia. This global shift was kickstarted by lowered trade barriers and greater economic freedom, which attracted foreign direct investment (FDI). Another major driving factor

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GTDW FDI Trade & Supply Chain Digitalisation News

Jun 27, 2022
1 min

The Benefits Of Trade Liberalization

The case for free trade has always been a tough sell. While trade is an economic endeavor, trade policy is the product of politics, where perceptions often matter more than facts. Domestic politics, national security concerns, and geopolitics conspire against the economics and the prospects for resuscitating multilateralism. The world remains deeply connected on trade despite political turbulence across continents. Trade as a share of global value grew by 23%, from 46.8% in 2

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GTDW FDI Trade & Supply Chain Digitalisation News

May 25, 2022
1 min

Mapped: GDP Growth by Country in 2021

The global economy faced numerous challenges in 2021. While COVID-19 vaccinations became more widely available in some countries, variants led to further waves in the pandemic. While consumer demand began to recover, supply chain disruptions restricted supply. Despite these and other hurdles, the world economy expanded by 6.1% in 2021. In this Markets in a Minute from New York Life Investments, we explore GDP growth by country to see which countries had the best and worst gro

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Visualizing China’s $18 Trillion Economy in One Chart

GTDW FDI Trade & Supply Chain Digitalisation News

May 20, 2022
1 min

Visualizing China’s $18 Trillion Economy in One Chart

China is the world’s second largest economy after the U.S., and it is expected to eventually climb into the number one position in the coming decades. While China’s economy has had a much rockier start this year due to zero-tolerance COVID-19 lockdowns and supply chain issues, our visualization covers a full year of data for 2021⁠—a year in which most economies recovered after the initial chaos of the pandemic. In 2021, China’s Gross Domestic Product (GDP) reached ¥114 trilli

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Mapped: The World’s Largest Economies, Sized by GDP (1970-2020)

GTDW FDI Trade & Supply Chain Digitalisation News

Apr 28, 2022
1 min

Mapped: The World’s Largest Economies, Sized by GDP (1970-2020)

Global GDP has grown massively over the last 50 years, but not all countries experienced this economic growth equally. In 1970, the world’s nominal GDP was just $3.4 trillion. Fast forward a few decades and it had reached $85.3 trillion by 2020. And thanks to shifting dynamics, such as industrialization and the rise and fall of political regimes, the world’s largest economies driving this global growth have changed over time. This slideshow using graphics from Ruben Berge Mat

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Visualizing the $94 Trillion World Economy in One Chart

GTDW FDI Trade & Supply Chain Digitalisation News

Jan 6, 2022
2 min

Visualizing the $94 Trillion World Economy in One Chart

Just four countries—the U.S., China, Japan, and Germany—make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. In fact, the GDP of the U.S. alone is greater than the combined GDP of 170 countries. How do the different economies of the world compare? In this visualization we look at GDP by country in 2021, using data and estimates from the International Monetary Fund (IMF). An Overview of GDP GDP serves as a broad indicator for a cou

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GTDW FDI Trade & Supply Chain Digitalisation News

Jul 27, 2021
1 min

Mapped: GDP per Capita Worldwide

GDP per capita has steadily risen globally over time, and in tandem, the standard of living worldwide has increased immensely. This map using data from the IMF shows the GDP per capita (nominal) of nearly every country and territory in the world. GDP per capita is one of the best measures of a country’s wealth as it provides an understanding of how each country’s citizens live on average, showing a representation of the quantity of goods and services created per person. The S

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Asian Development Bank: Developing Asia to Grow 7.3% in 2021 Even as COVID Lingers

GTDW FDI Trade & Supply Chain Digitalisation News

Apr 28, 2021
3 min

Asian Development Bank: Developing Asia to Grow 7.3% in 2021 Even as COVID Lingers

According to a new report from the Asian Development Bank (ADB) economic growth in developing Asia is set to rebound to 7.3% this year, supported by a healthy global recovery and early progress on coronavirus disease (COVID-19) vaccines, The projected resurgence follows a 0.2% contraction last year, according to ADB’s flagship economic publication, Asian Development Outlook (ADO) 2021, released today. The region’s growth is forecast to moderate to 5.3% in 2022. Excluding the

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ASIA: RCEP to bring 'explosive growth,' fierce competition among parties

GTDW FDI Trade & Supply Chain Digitalisation News

Mar 10, 2021
2 min

ASIA: RCEP to bring 'explosive growth,' fierce competition among parties

The Regional Comprehensive Economic Partnership (RCEP) agreement has been ratified by China and it is hoped that other member countries can speed up their progress and finally reach the threshold of entry into force, Minister of Commerce Wang Wentao said Monday. "The sooner the agreement comes into force, the sooner the people of the member countries will benefit," Wang said on the sidelines of the annual national legislative session. The agreement signed by 15 Asia Pacific c

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GTDW FDI Trade & Supply Chain Digitalisation News

Feb 18, 2021
1 min

Can Asean recover this year?

Prior to the pandemic, Southeast Asia had made huge advancements and was forecasted to be the fourth biggest economy by the year 2030. Unfortunately, the Covid-19 pandemic has resulted in economic devastation for Asean, arguably posing the greatest challenge since the region’s formation. However, there are positive signs that Asean can make an economic recovery in 2021. “All Asean nations are involved in the Asean Single Window Live Operation, where trade and cargo flows can

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IHS Markit: The worst quarter in trade on record

GTDW FDI Trade & Supply Chain Digitalisation News

Aug 13, 2020
2 min

IHS Markit: The worst quarter in trade on record

While the findings are hardly a revelation it is interesting to see the patterns and have a view on next steps. Interesting pointers on prospects for the forthcoming months. Key points: China mainland is the only top economy showing signs of recovery in Q2 2020 both in exports and imports Overall, the Q2 of 2020 is the worst quarter in global trade on record Year-on-year changes in exports in May 2020 were negative for all reporting states including China (-3.3%), Brazil (-14

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