Economy

China Passes Japan – Now 2nd Largest Economy

China’s economy out produced Japan’s and became the world’s 2nd largest in Q2.  China’s Q2 GDP was $1.33 trillion versus Japan’s $1.28 trillion.

Just 5 years ago China’s GDP was half of Japan’s.  

China passing Japan has been widely anticipated for some time.  But the actual event is still a milestone and shows the growing importance of China in world economic and political affairs.  It also shows The growing economic role the developing world in general is playing.

According to a New York Times article on China, many economic forecasters have China passing the U.S. and becoming the world’s largest economy as early as 2030. 

Tags: 2nd Largest, Economy

Tuesday, August 17th, 2010 Small Business No Comments

The Female Economy

Following on the heels of The End of Men is the female economy.  According to Nielsen:

“The female economy – as more women enter the workforce, their earning power increases, as does their power within their household. Women now control almost $12 trillion of the $18 trillion in global consumer spending.”

And this is before the forecasted 1 billion additional middle class women expected to enter the global economy over the next decade. 

Tags: Economy, Female Economy

Saturday, June 19th, 2010 Small Business No Comments

UK economy ‘shrinking less than estimated’

The latest official figures confirm that the UK economy continued to shrink between July and September.

However, the rate at which it contracted in the third quarter is slightly less than originally thought, according to the Office for National Statistics, which says that the UK’s gross domestic product (GDP) fell by 0.3% compared to the previous quarter.

This latest figure revises last month’s 0.4% estimate, prior to which there was hope that the UK may already have emerged from recession.

The final Q3 figures saw service sector output and manufacturing output both revised upwards, from a fall of 0.2% to one of 0.1%. Read all post…

Tags: Economy, Uk Economy

Sunday, November 22nd, 2009 Small Business No Comments