Posts in tag

GDP


The average person at present is about four times richer than the average person back in 1950, according to Max Roser in his article Which countries achieved economic growth? And why does it matter? in Our World In Data. Apart from the global average, Roser also analyzed the changes in income of the world in …

The Wuhan coronavirus has had a significant human toll. More than 100 people have died and nearly 3,000 are known to be infected, including some in Australia. The number actually infected will be higher. People experiencing only mild symptoms often don’t report them. The economic cost is as hard to tease out as the health …

Singapore is expected to register around 1.4% growth in gross domestic product (GDP) in 2020, according to the report of DBS Bank. DBS said that this expected growth rate for 2020 is below the potential growth rate of Singapore. However, this projected growth rate is still an improvement from 2019’s projected growth of 0.6%. Let’s …

In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. By 2030, the region is expected to contribute roughly 60% of global growth. Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy. The bulk of that growth will …

Imagine two different societies. In the first, people tend to be stressed, tense, irritable, distracted and self-absorbed. In the second, people tend to be at ease, untroubled, quick to laugh, expansive and self-assured. The difference between these two imagined scenarios is vast. You’re not only more likely to be happier in the second scenario – …

The Ministry of Trade and Industry (MTI) announced today that the Singapore economy is expected to grow by “0.5 to 1.0 per cent” in 2019 and by “0.5 to 2.5 per cent” in 2020. Economic Performance in Third Quarter 2019 The Singapore economy grew by 0.5 per cent on a year-on-year basis in the third …

In 1820, Asia accounted for two-thirds of the world’s population and more than one-half of global income. The subsequent decline of Asia was attributed to its integration with a world economy shaped by colonialism and driven by imperialism. By the late 1960s, Asia was the poorest continent in the world when it came to income …

Based on advance estimates , the Singapore economy grew by 0.1 per cent on a year-on-year basis in the third quarter of 2019, the same pace of growth as in the previous quarter. On a quarter-on-quarter seasonally adjusted annualised basis, the economy expanded by 0.6 per cent, a turnaround from the 2.7 per cent contraction …

The Ministry of Trade and Industry (MTI) announced today that the GDP growth forecast for 2019 has been downgraded to “0.0 to 1.0 per cent”, with growth expected to come in at around the mid-point of the forecast range. Economic Performance in Second Quarter 2019 The Singapore economy grew marginally by 0.1 per cent on …