I really like this chart of global growth that Visual Capitalist released on Friday:
It’s like a math problem, isn’t it? You hear economic growth figures from all over:
- growth in the developed world is quite anaemic;
- growth in developing countries is meant to be not-quite-that-anaemic; and
- growth in China is allegedly fake (because no one really trusts China’s statistics).
Global Growth: The World Bank Data
That chart is based on the World Bank’s June 2017 “Global Outlook” publication. Here is a relevant table of numbers for you to gloss over:
The problem is scale. Low growth in a massive economy trumps higher growth in a small economy #punintended.
The Global GDP split
And in terms of global gdp, this from worldmapper:
So the title of the original chart could just as easily have been:
“Over half of global growth is either fake, or in the hands of a potential madman.”
Rolling Alpha posts about finance, economics, and sometimes stuff that is only quite loosely related. Follow me on Twitter @RollingAlpha, or like my page on Facebook at www.facebook.com/rollingalpha. Or both.