Tag: gdp


Luxembourg — One Of The Richest Nations In The World

GDP per capita: $131,781.72GDP: $84.07 billionPopulation: 632,275Avg. life expectancy at birth: 82.4 years Luxembourg is a small country located between Belgium, France, and Germany. Though it has just over 630,000 residents, it is an economic powerhouse. Today, the country ranks amongst the most important financial centers in the world, although till the early 20th century, its economic fate was intrinsically linked to the […]


China’s Economy Shows Sign Of Slowing Down

Following the sharp rebound from the coronavirus pandemic by the Chinese economy it has now slowed, according to press reports. Gross domestic product (GDP) increased by 7.9% in the second quarter of 2021 compared to the same time last year. However, this was a reduction in quarter over quarter and missed economists’ forecasts of 8.1% growth. In April, official figures […]


OECD Bets On China To Help Restore Global GDP

The Organization for Economic Cooperation and Development (OECD) is predicting that a robust recovery in China should help global GDP recover to pre-pandemic levels by the end of next year. The OECD released its latest forecasts in a report recently. The organization’s chief economist Laurence Boone says progress with vaccines and treatment have lifted expectations and uncertainty has receded. But […]


China Sees Economic Recovery

China’s economy is bouncing back and is described as a “V-shaped recovery,” — a quick and sustained recovery in measures of economic performance after a sharp economic decline. The world’s second-largest economy performed much better than analysts expected as reports show a rapid turnaround in the second quarter as coronavirus lockdowns were eased, allowing factories, shops, and restaurants to resume […]


U.S. Economic Outlook Not Pretty

Weak demand is forcing U.S. employers to now lay off workers, keeping new applications for unemployment benefits extraordinarily high. This move comes against the backdrop of businesses’ collective outlook that the COVID-19 pandemic could persist longer than expected. A resurgence in confirmed coronavirus cases across the country, linked to the reopening of businesses, is also dimming the outlook. Roughly 29 […]


Guyana’s Economy Set To Grow By 5.1%

With a per capita gross domestic product of $8,300 in 2016 and average GDP growth of 4.2% over the last decade, Guyana is one of the fastest developing countries in the Western Hemisphere. The country is expected to see an overall economic growth of 5.1 percent for this year, with further growth over the next two years. The World Bank, […]


Japan’s Economy Running Out Of Heat

Japan’s economy sees its fastest rate decline in five years at the end of 2019. The country has been hit by a sales tax rise, a major typhoon, weak global demand, and the threatening coronavirus plaguing that part of the world. Annualized gross domestic product (GDP) showed a greater decline than anticipated, a 6.3% in October-December. Analysts are also speculating […]


Jamaica Gets Fitch’s Upgrades

One of America’s biggest rating agencies, Fitch Ratings Inc. has affirmed the Government’s Long-Term Foreign-Currency Issuer and Local-Currency Issuer Default Rating at ‘B+’ and revised the outlook from stable to positive. Fitch indicated that the revised outlook reflected Jamaica’s efforts in maintaining the debt-to-GDP on a downward trajectory and large primary surpluses.  In explaining the affirmation of the “B+” ratings, […]


Jamaica Maintains Robust Tourism Growth

Jamaica has welcomed approximately two million visitors for the first half of 2019, earning US$2 billion in revenues. Last year, the country had record arrivals of 4.32 million visitors with earnings of US$3.3 billion. The figures were highlighted by Senator Pearnel Charles Jr. while opening the debate on the Tourism Workers Pension Act 2019 in the Senate recently. The bill […]


Jamaica’s Debt-To-GDP Ratio On The Right Track

Jamaica’s Debt-to-Gross Domestic Product (GDP) ratio will fall to 96 percent at the end of the 2018/19 financial year on March 31. Speaking at the opening of the 2019/20 Budget Debate in the House of Representatives recently, Minister of Finance and the Public Service, Dr. Nigel Clarke, noted that the figure represents “the lowest level of debt in nearly two […]