World GDP Rates and What They Mean For Our Economic Recession
Money Woes So many of us today are having to struggle to keep our businesses alive.
Whether you own a small home based business or are in the world of network marketing, having a basic understanding of measures such as world GDP rates can be very valuable.
Keep reading and I'll explain.
Gross Domestic Product The GDP, or gross domestic product, is one of the indicators of a nation's economic health and stability.
It can also be called gross domestic income (GDI) as it calculates the income from production that is within the territorial borders.
In other words, it does not include the nation's industries that are stationed in other countries, only what was made at "home.
" A GDP recession is defined when the GDP has a significant loss over a period of a few months and by those standards we are at the very least experiencing a recession while others might argue it's already a depression.
A Shift of Power What has happened over the past 20 to 30 years is there has been a marked shift in economic power from the wealthy European states and U.
S.
to China and India.
The world GDP rates give us a clearer picture of this shift.
In recent years the wealthy countries in Europe have suffered the greatest loss in their GDP followed closely by the United States and Japan.
However Asia's overall gains by the increases in China and India's GDP well makes up for Japan's losses.
Indicators suggest that by the year 2025, India will be the third largest economy in the world and will be approximately 60% that of the size of the United State's.
This shift will have a continued effect as India's recent baby boom has resulted in half of India's population being under the age of 25.
As they grow, theoretically so will their economic development.
This same growth prediction is not indicated for China.
The drop in U.
S.
' GDP combined with the current debt crisis would indicate that the U.
S.
economy continues to be on very shaky ground.
However it isn't the government or lending institutions that will pay for this debt.
It will be you and I, through devaluation of our currency, higher costs of living, more job cuts and higher taxes.
Recession Proof Your Business It is important to continue to learn all you can about world GDP rates, GDP recession and the causes of global recession.
This information will help you make informed choices moving forward so that you can continue to grow your wealth and protect it from future worsening of our current economic crisis.
Whether you own a small home based business or are in the world of network marketing, having a basic understanding of measures such as world GDP rates can be very valuable.
Keep reading and I'll explain.
Gross Domestic Product The GDP, or gross domestic product, is one of the indicators of a nation's economic health and stability.
It can also be called gross domestic income (GDI) as it calculates the income from production that is within the territorial borders.
In other words, it does not include the nation's industries that are stationed in other countries, only what was made at "home.
" A GDP recession is defined when the GDP has a significant loss over a period of a few months and by those standards we are at the very least experiencing a recession while others might argue it's already a depression.
A Shift of Power What has happened over the past 20 to 30 years is there has been a marked shift in economic power from the wealthy European states and U.
S.
to China and India.
The world GDP rates give us a clearer picture of this shift.
In recent years the wealthy countries in Europe have suffered the greatest loss in their GDP followed closely by the United States and Japan.
However Asia's overall gains by the increases in China and India's GDP well makes up for Japan's losses.
Indicators suggest that by the year 2025, India will be the third largest economy in the world and will be approximately 60% that of the size of the United State's.
This shift will have a continued effect as India's recent baby boom has resulted in half of India's population being under the age of 25.
As they grow, theoretically so will their economic development.
This same growth prediction is not indicated for China.
The drop in U.
S.
' GDP combined with the current debt crisis would indicate that the U.
S.
economy continues to be on very shaky ground.
However it isn't the government or lending institutions that will pay for this debt.
It will be you and I, through devaluation of our currency, higher costs of living, more job cuts and higher taxes.
Recession Proof Your Business It is important to continue to learn all you can about world GDP rates, GDP recession and the causes of global recession.
This information will help you make informed choices moving forward so that you can continue to grow your wealth and protect it from future worsening of our current economic crisis.