America is the richest country in the world, but America is also a story of two economies. Since 1980, real GDP has increased 300%, someone is definitely getting rich. But, it isn’t the average worker, because in the same period median wages have barely increased. In recent years, the US economy has outperformed the rest …
After the invasion of Ukraine in 2022, western countries imposed a series of sanctions on Russia. Some claimed this would cripple Russian economy and led to a deep recession. But, the Russian economy seemed to shrug this off growing at 3.6% in 2023 making it own of the fastest growing economies in the G20. And …
Since 2019, The German economy has gone into an unexpected decline, posting the 2nd worst performance in Europe. GDP is stagnant, the car industry in decline, real wages falling and discontent rising. For many decades, Germany was the powerhouse of the European economy with rapid growth transforming living standards, but this has come to a …
In 1913, Britain was the largest trading nation in the world. 50% of global capital investment came from London. It was an economic powerhouse which defied its small size. But, in the past 100 years, the pound has devalued and the UK has seen a steady decline in relative importance. Some of this was inevitable, …
In the past four decades, China has undergone a genuine economic miracle. 800 million people have been lifted out of poverty, through economic growth that has often averaged close to 10%. China’s rise has changed the world. Our shops are flooded with cheap Chinese consumer goods, and many of our factories closed down. China went …
Donald Trump and his vice-president have some unorthodox economic policies. Reduce prices, Higher Tariffs, lower tax, devalue the dollar and end immigration. But, will they work? Trumponomics – The Real Impact of Trump Economic PoliciesWatch this video on YouTube At the recent Republican convention, Trump vowed to end the inflation nightmare and bring prices down …
What can the UK Learn from the Greek Economy? Which is Worse – UK or Greece EconomyWatch this video on YouTube Which country was one of the fastest-growing European economy in the past three years? Yes, you’ve correctly guessed, it was Greece. To the north, the once mighty German economy is struggling to avoid recession, …
Greece is the cradle of western civilisation. Philosophy, democracy and unique cultural icons. But, 15 years ago, something terrible started to happen to the Greek economy, which saw one of the biggests hits to living standards in the western world. GDP collapsed, unemployment soared and Greece became an economic basket case. This article explains what …