global GDP

The World Bank now calculates that global spending, across all countries and in a variety of currencies, had a purchasing power of US$174 trillion in 2022, almost US$7 trillion more than its prior estimate for the same year.
PERSPECTIVE

Why global GDP might be US$7 trillion bigger than everyone thought

Before the Covid-19 pandemic, immigrants to America were as likely to have a bachelor’s degree as their local-born peers. Today’s newcomers are more likely to have trekked from poor parts of Latin America.
THE BROAD VIEW

Immigration is surging, with big economic consequences

IMF managing director Kristalina Georgieva warns that a toxic mixture of weak productivity, a retrenchment in globalisation, and frequent bouts of geopolitical turmoil will drag growth down to paltry levels and, in so doing, sow the seeds of “popular discontent” with mainstream politics.

Is the global economy stumbling into ‘the tepid Twenties’?

Economic fallout from climate change,  could increase tens of trillions of dollars per year by 2100 if the planet were to warm significantly beyond two degrees Celsius above mid-19th century levels.

Climate impacts set to cut 2050 global GPD by nearly a fifth