Home » Posts tagged with "GDP"


World's 15 richest cities revealed - and the list contains a few surprises

Post Pic
Boston, Calgary, Perth and Macau – all associated with material wealth – have failed to make this list of the 15 richest cities in the world, compiled by market research firm New World Wealth. The data gathered by the researchers reflects the total amount of private wealth held by all the individuals living in each of the cities on the list. Unlike traditional ratings, this top 15 is not based... 

Liechtenstein GDP Larger than 14 African States Combined

Post Pic
Liechtenstein (population 37,000) has a Gross Domestic Product (GDP) larger than 14 African states, while Belgium (pop. 11m) and Australia (pop. 24m) have a GDP larger than 41 African states and their population of more than 990 million all added together—definitive proof that achievement is linked to race, and not “environment.” Gross Domestic Product (GDP) is a measure of the value of economic... 

Iceland rises from the ashes of 2008 financial meltdown

Post Pic
The country worst affected by the global financial crisis eight years ago has made a miraculous turnaround. Iceland saw an unexpected GDP surge of 4.2 percent in the first three months of the year. The growth is explained by a significant rise in tourism. Tourism has been steadily growing since the beginning of the decade, and is currently a larger source of revenue than exports of fish and aluminum.... 

EU Sanction Portugal for "Spending Too Much On Football" after Winning Euro 2016

Post Pic
Eurozone finance ministers will decide on Tuesday whether to sanction Spain and Portugal for breaching EU spending rules. The people who are planing to sanction Portugal and Spain are mostly of French origin. What a bunch of sore losers! This is exactly why the EU is bad! Why would the EU dictate to other countries how much they should be allowed to spend on football? Its their country they should... 

Austerity economics ‘pointless remedy’ for EU - Italy PM

Post Pic
Italy’s premier has harshly criticized the EU’s recent economic policies, describing them as a “pointless remedy” for a terminally-ill patient. Matteo Renzi censured the austerity measures imposed on many European states over the past several years and said austerity economics only has caused Europe to be left behind by the United States. “The countries that have had growth in Europe have... 

IMF Warns Saudi Arabia May Go Bankrupt by 2020

Post Pic
Saudi Arabia may go bankrupt within the next five years if the government maintains its current spending habits, the International Monetary Fund said in a report Wednesday. Saudi authorities are already planning spending cuts as the world’s biggest oil exporter seeks to cut its budget deficit created by the drop in crude prices. Saudi officials have repeatedly said that the kingdom’s economy... 

Global Trade Is Collapsing As The Worldwide Economic Recession Deepens

Post Pic
When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers... 

Brazil raises taxes and cuts spending as recession hits

Post Pic
The Brazilian government has announced plans for $7 billion in spending cuts and $8 billion in additional taxes aimed at plugging the hole in the country’s 2016 budget. The austerity package is designed to balance the harsh economic downturn of the seventh-largest economy, whose sovereign credit rating was cut to ‘junk’ status last week. The measures are going to freeze public sector salaries,... 

Mass Anti-Government Protests Start in Moldova's Capital Chisinau

Post Pic
Mass anti-government protests organized by the civic platform Dignity and Truth (DA), began in the Moldovan capital of Chisinau Sunday. Since September 5, protesters in Chisinau have been demanding the resignation of the Moldovan government and the chief prosecutor, while also calling for early parliamentary elections and a prompt action to tackle corruption in the country. “Today we are going... 

US budget deficit to increase twofold in 10 years

Post Pic
The Congressional Budget Office predicts a negative evaluation of the US revenues in the coming 10 years. The analysts noted, that despite the current growth of the country’s revenues, the problem of a huge public debt still cannot be solved, that can generate a twofold deficit of the state budget by 2025. Government revenue will continue to increase, and will reach $5 trillion by 2025, which... 

70% Americans claim US economy is 'negative'

Post Pic
Bloomberg’s Consumer Comfort index in the US shows a record-low level of the Americans being content with the state of economy. According to the report, 70% of the US residents estimate their country’s state of economy as “negative”. The number of those being sure that the US economy is “excellent” also amazes. That is only 1%. The rest of 29% believe that the economy... 

Athens Facing Ruin as IMF Stands By to Rescue Greek Bailout

Post Pic
The United States is reported to be working with the International Monetary Fund (IMF) on a backup plan to rescue the Greek economy as economists throughout the world queue up to criticize the latest bailout plan as totally unworkable. The sheer folly of the latest bailout plan for Greece was summed up last week by Finland’s Minister for Foreign Affairs Timo Soini who said that, in agreeing... 

China's Economy Collapsing

Post Pic
Banks made an additional 1.28 trillion yuan worth of loans to China in June. Things are not looking for for China. It seems like Beijing has averted a crisis as far as their stock markets are concerned with some heavy-handed intervention. But their corporate debt has already reached $ 16.1 trillion and is still rising. Their corporate debt is currently at 160% of their GDP and that is twice as much... 

Kiev Should Fix Its 'Chronically Broken Economy' Instead of Any Debt Talks

Post Pic
The International Monetary Fund (IMF) has recently called on Ukraine and its creditors to continue negotiations on the country’s debt, but the editor-in-chief of the business and finance media company thinks that Kiev should instead concentrate on “fixing what is absolutely, chronically broken economy” and launch immediate reforms. The International Monetary Fund (IMF) has called on Ukraine... 

$14.3 trillion wasted on war in 2014

Post Pic
The cost of global war in the year 2014 reached $14.3 trillion, or 13.4 percent of the global gross domestic product, a report by the Institute for Economics and Peace says. Last year, the cost of global conflict equaled the combined economies of Britain, Germany, France, Brazil, Canada, and Spain, according to a recent report by the Australia-based group. The statistics mark a 15.3-percent spike... 
Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.