To: TobagoJack who wrote (189904 ) 7/15/2022 9:54:49 PM From: TobagoJack Read Replies (1) | Respond to (78) zerohedge.com The $100 Trillion Global Economy In One Chart Visual Capitalist's Avery Koop has covered this topic in the past when the world’s GDP was $88 trillion (2020) and then $94 trillion (2021), and now according to the latest projections, the IMF expects the global economy to reach nearly $104 trillion in nominal value by the end of 2022.Note: This data from the IMF represents the most recent nominal projections for end of year as of April 2022. Gross Domestic Product (GDP) is a broad indicator of the economic activity within a country. It measures the total value of economic output—goods and services—produced within a given time frame by both the private and public sectors. The 50 Largest Economies in the World $25.3 trillion —making up nearly one quarter of the global economy. China follows close behind at $19.9 trillion . Here’s a look at the top 10 countries in terms of GDP:last reported figures is that Brazil now cracks the top 10, having surpassed South Korea. Russia falls just outside, in 11th place, with a GDP of $1.8 trillion.China’s GDP growth has slowed in recent years, projections still indicate that the country will overtake the U.S. by 2030, dethroning the world’s economic leader.expected to be around 5% in 2022.The 50 Smallest Economies in the World Russia is expected to experience a GDP growth rate of -8.5% in 2022, though it still remains to be seen how the cost of war and increasingly harsh global sanctions impact the country’s economic prospects.Inflation, Stagflation, Recession – How Bad is it? risks of stagflation are rising. Stagflation, which hasn’t occurred since the 1970s, is defined as an economy that’s experiencing rising inflation combined with a stagnant economic output.7% . Daily goods are becoming increasingly difficult to purchase and interest rates are on the rise as central banks worldwide try to control the situation. As recent events in Sri Lanka demonstrate, low-income countries are particularly at risk to economic volatility.
