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Jan 5, 2024 · In 2022, the value of digitally delivered services rose and now represents 12% of overall global trade. Image: Nathan Cima/Unsplash. The technological decoupling between the US and China does not necessarily mean deglobalization is happening; elements of global trade - including green and digital trade - remain robust.
Feb 26, 2020 · 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.
May 14, 2024 · World trade is picking up again. The OECD expects global trade in goods and services to grow by 2.3% this year and 3.3% in 2025 – more than double the 1% growth seen in 2023. The first OECD Economic Outlook in 2024, published in April, expects falling inflation will enable central banks to start lowering interest rates, but adds that real ...
Jun 23, 2023 · 1. US and UK sign 'Atlantic Declaration' rather than free-trade deal. Trade is part of a broad new deal between the US and UK that will seek to bolster the countries' cooperation on a number of issues. The Atlantic Declaration includes plans to strengthen US-UK supply chains, boost mutual industrial investment and develop advanced technologies ...
Sep 16, 2020 · Development is becoming part of an ideological competition between the two top powers in the world. China and the US are each seeking to defend or widen their zones of influence. Multilateral institutions will need to work to prevent the development agenda from being a victim of geopolitical tensions. Through much of the Cold War, international ...
Dec 19, 2017 · A brief history. To those who lived and grew up during the Cold War era, the current tensions between North Korea and the US are a reminder that the conflicts of around 70 and more years ago have left legacies and enmities that have not yet gone away – and which still pose a real threat to world peace. To begin to understand this complex ...
The US dollar has risen by almost 15% against some of the world’s most traded currencies this year. This has prompted more interest rate hikes around the world, as central bankers try to increase the value of their own currencies. Emerging economies with big dollar-denominated debt balances have been hit particularly hard by the strengthening ...
Dec 10, 2021 · On average, an individual from the top 10% will earn $122,100, but an individual from the bottom half will earn just $3,920. And, when it comes to wealth (valuable assets and items over and above income), the gap is even wider. The poorest half of the global population owns just 2% of the global total, while the richest 10% own 76% of all wealth.
Oct 4, 2021 · Emerging economies have seen their share of total global trade rocket in recent years. China, for instance, is now responsible for 15% of all world exports. Unfinished goods, components and services account for 70% of all trade. While trade in services accounts for two-thirds of global GDP, COVID-19 has had a devastating impact on trade patterns.
May 28, 2019 · The relationship itself is, of course, nothing new. But, as this chart from Statista shows, the two economies' interdependence has grown exponentially over the past 30 years, with China becoming the US’s largest trading partner. At the start of this decade, China surpassed Japan to become the world's second largest economy, behind the US.
