Of the four largest economies in the World, which is growing fastest?
The four leading economies(nominal) of the world, rated by nominal GDP, are:
1—The European Union with a GDP of $16.1 trillion.
2—The USA with a GDP of $14.6 trillion.
3—China, with a GDP of $5.7 trillion.
4—Japan, with a GDP of $5.4 trillion.
How do these four economic superpowers rank in growth rate of their GDP? What can we learn from the winners and losers?
Mind you, I am not suggesting that external influences and market conditions are without influence, or that only the political and economic policies of their governing bodies are responsible for their current position or their growth rates. But doesn’t it seem reasonable that thinking through why each is where it currently is and who is currently growing versus stagnant or contracting might well tell us some important things about both systemic causes of growth and policy influences?