economic impact
Nextbigfuture found cost of living data indicating that China’s purchasing power parity economy is about $31 trillion. This is 30% larger than official estimates and is 50% larger than the $21 trillion US economy. In a decade or two China’s …
Moltex Energy calculated that abundant solar and wind energy will mean nuclear energy needs low capital and fixed operating costs to be profitable at 30-50% capacity factor in unsubsidized competition with fossil fuels. Radical innovation will slash costs of nuclear …
Economic sanctions have cut Iran’s oil production in half and dropped oil exports to less than 20% of normal. Iran’s oil production is currently below 2 million barrels per day and Iran has about 300,000 barrels per day of oil …
The Terrestrial Energy Molten Salt reactor development avoids all risk in technology, science and regulation to build the commercial molten salt reactor by 2030. They have the first stage of regulatory approval in Canada and are working closely with Canada …
Morocco joins Bahrain, Sudan and the United Arab Emirates in joining peace deals and economic normalization with Israel. Morocco has a population of over 37 million people and is a member of the Arab League. The Arab League has 22 …
The UK will leave the European Union at the end of 2020 and could form the CANZUK free trade area in 2021. CANZUK would be a free trade union between Canada, Australia, New Zealand and the UK. Canada has a …
China’s newest five year plan has a target of reaching moderate developed nation per capita income levels by 2035. Spain has a per capita income level of $26,000 now and Italy has a per capita income level of $30,000. Those …
Vietnam has increased its 2020 GDP growth target to 3.0% according to the VN Express. The target is 0.5 percentage points higher than the target announced last month. Vietnam has been among the most successful countries at containing Covid-19. They …
The double whammy for the European Union GDP is Brexit and COVID. In 2019, the EU had a combined GDP of $18.3 trillion. The UK leaving removes $2.5 trillion. COVID removed another 10-12% in 2020. The Jan, 2021 GDP will …
The Philadelphia Federal Reserve published results of a survey of 35 economic forecasters on August 14, 2020. They predicted the US economy would expand at an annual rate of 19.1 percent in the third quarter. This was almost double the …