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Putin's illiberal stagnation in Russia offers up a valuable lesson | Joseph Stiglitz image
.... Life expectancy at birth ranks 153rd in the world, just behind Honduras and Kazakhstan. In terms of per capita income, Russia ranks 73rd (in terms of purchasing power parity) – well below the Soviet Union’s former satellites in central and eastern Europe. ...
'UK could be fastest-growing G7 economy if it gets trade deals right' image
Source : Guardian [Read Article] Tuesday 7th of February 2017 06:30:07 AM
.... Using models that analyse population trends, investment, education and technological progress, PwC economists expect six of the seven largest economies by 2050 will be emerging markets, led by China. They see the UK economy remaining in the top 10, slipping down one spot from ninth place now to 10th in purchasing power parity (PPP) terms, which adjusts for price differences between countries to provide a measure of the volume of goods and services produced by an economy. ...
China's economic growth slows to 6.9% image
Source : BBC [Read Article] Monday 19th of October 2015 02:36:25 AM
....And the corollary, of course, is that any slowdown beyond what's expected by client economies all over the world - manufacturers like Germany, commodity producers like Brazil - engenders disproportionate pain. The point is that China, on the purchasing power parity measure which attempts to assess physical output undistorted by exchange rate movements, is the world's biggest economy, according to the World Bank - representing 16. ...
London needs a mayor who will seize the chance to go for growth image
Source : Telegraph [Read Article] Monday 5th of October 2015 05:01:01 PM
.... . Measured on a purchasing power parity basis, it is the fifth-richest city in the world, trailing only Tokyo, New York, Los Angeles and Seoul, and expanding faster than all of them. ...
China has almost wiped out urban poverty. Now it must tackle inequality image
Source : Guardian [Read Article] Wednesday 19th of August 2015 11:34:40 AM
.... It shows that in 2013 the share of people living in cities below this minimum income line was just 1. 6%, adjusted for purchasing power parity. ...
Why a beer costs €1 in Portugal but €3 in Germany image
Source : Guardian [Read Article] Wednesday 5th of August 2015 08:15:58 AM
.... Clothes are priciest in Sweden except for footwear which is even more costly in Denmark. To make our map we looked at purchasing power parity on actual individual consumption from Eurostat. ...
What really lies behind the big trouble in China's markets? image
Source : Independent [Read Article] Wednesday 8th of July 2015 12:03:50 AM
.... For obvious reasons that’s potentially hazardous for the ruling Communist Party. Finally, one needs to bear in mind that the Chinese economy (which in purchasing power parity terms is estimated by the World Bank to have eclipsed the United States last year) is slowing rapidly. ...
The EU's dwindling importance to UK trade in three charts image
Source : Telegraph [Read Article] Friday 26th of June 2015 10:07:05 AM
.... . But China is on track to become number one in nominal GDP terms, and may be there already on a purchasing power parity basis. ...
Greece's creditors need a dose of reality – this is no time for European disunion image
....It is not in the interest of Europe – or the world – to have a country on Europe’s periphery alienated from its neighbours, especially now, when geopolitical instability is so evident. The neighbouring Middle East is in turmoil; the west is attempting to contain a newly aggressive Russia; and China, already the world’s largest source of savings, the largest trading country, and the largest overall economy (in terms of purchasing power parity), is confronting the west with new economic and strategic realities. ...
The UK needs to learn to be more modest about just how rich we really are image
.... But the figures can be misleading, not least because of the tendency for exchange rates to mis-state the relative position of different countries’ costs and prices. For this reason, economists often use an artificial exchange rate, called purchasing power parity (PPP). ...
Britain's bulging economy surges past France image
Source : Telegraph [Read Article] Wednesday 6th of May 2015 04:00:33 AM
.... . Simon Kirby, principle research fellow at NIESR, said the change in Europe’s economic league table was happening “as we speak”, with Britain expected to overtake France both in terms of purchasing power parity (PPP) - which adjusts for living costs - and at market exchange rates. ...
What Britain really needs is a couple more Londons image
Source : Telegraph [Read Article] Thursday 2nd of April 2015 05:49:42 PM
.... . With a total GDP of $835bn (£564bn), measured on a purchasing power parity basis, it is the fifth richest city in the world, trailing only Tokyo, New York, Los Angeles and Seoul, and growing faster than any of them. ...
Why can't more UK cities be just like London? image
Source : Telegraph [Read Article] Thursday 2nd of April 2015 01:33:21 PM
.... It is streets ahead of anywhere else in the United States or Europe – the Bulgarian capital city Sofia and Austin, Texas, are the closest, but they are well behind. With a total GDP of $835bn, measured on a purchasing power parity basis, it is the 5th richest city in the world, trailing only Tokyo, New York, Los Angeles and Seoul, and growing faster than all of them. ...
It's time for the world to adjust to China's global ambition image
Source : Telegraph [Read Article] Saturday 28th of March 2015 03:45:07 PM
.... The US remains far richer per head, of course, with the average American commanding an income four times that of their Chinese counterpart. And the IMF’s estimates were on a “purchasing power parity” basis, including cross-border variations in living costs. ...
India to overtake China as fastest growing large economy, says IMF image
Source : Telegraph [Read Article] Monday 16th of March 2015 01:10:18 PM
.... . Ms Lagarde said Indian gross domestic product (GDP) would be larger than Japan and Germany combined by the end of the decade under a measure that takes into account buying power in each country - known as purchasing power parity. ...
How the world will look in 2050 image
Source : Telegraph [Read Article] Tuesday 10th of February 2015 05:00:09 AM
.... . The predictions, which are based on purchasing power parity (PPP) that take into account price differences and buying power in each country, showed that Britain would move from 10th place in 2014 to 11th by 2050. ...
Source : Independent [Read Article] Wednesday 21st of January 2015 01:13:11 AM
.... But they fear that perceptions of China’s dominance will result in calls for Beijing to pay more to mitigate climate change, and to take on other international responsibilities. Using purchasing power parity comparisons Chinese GDP was $17. ...
A year marking a return to an old world order image
Source : Telegraph [Read Article] Saturday 3rd of January 2015 04:45:17 PM
.... The US remains far richer per head than China, with the average American commanding an income four times that of their Chinese counterpart. These IMF estimates are also on a purchasing power parity basis, including cross-border variations in living costs. ...
Prostitution and illegal drugs help UK overtake France in global wealth league image
Source : Independent [Read Article] Friday 26th of December 2014 12:07:35 AM
....GDP – the value of all final goods and services produced inside sovereign states – is not the only way of calculating economic power. PPP (purchasing power parity), also based on IMF estimates, already makes China the world’s largest economy. ...
India’s star rises out of QE taper tantrum image
Source : Telegraph [Read Article] Saturday 13th of December 2014 03:00:55 PM
Berlin Wall is truly history: free market East is overtaking West image
Source : Telegraph [Read Article] Monday 3rd of November 2014 03:37:12 PM
.... Even a decade ago, everywhere in Eastern Europe was significantly poorer than the Austrian capital. Now, measured by GDP per capita – and on a purchasing power parity basis – which evens out for exchange rates – the Polish capital Warsaw, the Czech capital Prague and the Slovak capital Bratislava are all now significantly wealthier than Vienna. ...
China is about to overtake the US to become world's largest economy image
Source : Telegraph [Read Article] Wednesday 8th of October 2014 11:02:43 PM
.... . The data, based on so-called purchasing power parity (PPP), showed that China was expected to make up $17. ...
China overtakes US to be biggest economy by 2024 image
Source : Telegraph [Read Article] Sunday 7th of September 2014 04:00:23 AM
.... The IHS report is based on nominal GDP, which does not accurately reflect the cost of living. Using a measure based on so-called purchasing power parity (PPP), China is poised to overtake the US this year, according to a report backed by the World Bank. ...
Luxury leaps the Great Wall again image
Source : Independent [Read Article] Wednesday 13th of August 2014 12:09:48 AM
....”. The market research company Euromonitor International forecasts that China is likely to overtake the US this year to become the world’s largest economy in terms of purchasing power parity, and Mr Rambourg is so confident of the yet to be seen growth in Chinese demand for luxury goods that he has written a book about it. ...
India’s potential is huge, and we should cash in image
Source : Telegraph [Read Article] Saturday 12th of July 2014 05:00:07 PM
.... Already the world’s tenth-largest economy, India is on course to rank second by 2040 — behind China, with America by then coming in third. On a purchasing power parity basis, in fact, adjusting for the cost of living, India is already the third-largest economy on earth. ...
Hamish McRae: By some calculations, China is already the most important economy in the world image
....  Goldman’s economic model was built on a number of variables, including the projected size of the working population, some assumptions about the pace of technology transfer and others about rising exchange rates in the emerging world. One key point here is that it took actual exchange rates, not those at purchasing power parity. ...

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