The Economist: The US Economy Is The Envy Of The World

[g5000]

Despite all the whining and lying by MAGA World, and their praying for America to fail, the US is kicking ass.

The American economy has left other rich countries in the dust​

Even more striking is how America has outperformed its peers among the mature economies. In 1990 America accounted for about two-fifths of the overall GDP of the G7 group of advanced countries; today it is up to about half (see chart). On a per-person basis, American economic output is now about 40% higher than in western Europe and Canada, and 60% higher than in Japan—roughly twice as large as the gaps between them in 1990. Average wages in America’s poorest state, Mississippi, are higher than the averages in Britain, Canada and Germany.

And America’s outperformance has accelerated recently. Since the start of 2020, just before the covid-19 pandemic, America’s real growth has been 10%, three times the average for the rest of the G7 countries. Among the G20 group, which includes large emerging markets, America is the only one whose output and employment are above pre-pandemic expectations, according to the International Monetary Fund.



And if any of you Putin-lovers think our inflation is bad...


Russia's central bank has hiked the key interest rate by 200 basis points to a record-high 21% in a bid to fight inflation, fuelled by military spending.


Here's the thing about GDP and warfare. If you build a bunch of tanks, the cost of those tanks counts toward your GDP. So your GDP growth looks great. On paper.

But...

All you have to show for it is a bunch of pieces of burnt metal.

 

[Toddsterpatriot]

Despite all the whining and lying by MAGA World, and their praying for America to fail, the US is kicking ass.

The American economy has left other rich countries in the dust​

​

Even more striking is how America has outperformed its peers among the mature economies. In 1990 America accounted for about two-fifths of the overall GDP of the G7 group of advanced countries; today it is up to about half (see chart). On a per-person basis, American economic output is now about 40% higher than in western Europe and Canada, and 60% higher than in Japan—roughly twice as large as the gaps between them in 1990. Average wages in America’s poorest state, Mississippi, are higher than the averages in Britain, Canada and Germany.

And America’s outperformance has accelerated recently. Since the start of 2020, just before the covid-19 pandemic, America’s real growth has been 10%, three times the average for the rest of the G7 countries. Among the G20 group, which includes large emerging markets, America is the only one whose output and employment are above pre-pandemic expectations, according to the International Monetary Fund.

And if any of you Putin-lovers think our inflation is bad...


Russian central bank hikes interest rate to record-high 21%Russia's central bank has hiked the key interest rate by 200 basis points to a record-high 21% in a bid to fight inflation, fuelled by military spending.
Here's the thing about GDP and warfare. If you build a bunch of tanks, the cost of those tanks counts toward your GDP. So your GDP growth looks great. On paper.
But...
All you have to show for it is a bunch of pieces of burnt metal.

Good old Biden, doesn't know where he's going or what he's saying,
steering out giant economy into a bright future. DURR

 

[g5000]

Other articles in The Economist's series:

American productivity still leads the world​

This year the average American worker will generate about $171,000 in economic output, compared with (on purchasing-parity terms) $120,000 in the euro area, $118,000 in Britain and $96,000 in Japan. That represents a 70% increase in labour productivity in America since 1990, well ahead of the increases elsewhere: 29% in Europe, 46% in Britain and 25% in Japan.

​

The shale revolution helped make America’s economy great​

​

China’s yuan is nowhere close to displacing the greenback​

​

 

[g5000]

Good old Biden, doesn't know where he's going or what he's saying,
steering out giant economy into a bright future. DURR

Biden is not as incapacitated as you have been gaslighted into believing.

He has decades of experience to draw upon, unlike the idiot game show host.

 

[g5000]

https://i.ibb.co/0MzykG3/america-****-yeah.jpg

 

[MarathonMike]

Despite all the whining and lying by MAGA World, and their praying for America to fail, the US is kicking ass.

The American economy has left other rich countries in the dust​

Even more striking is how America has outperformed its peers among the mature economies. In 1990 America accounted for about two-fifths of the overall GDP of the G7 group of advanced countries; today it is up to about half (see chart). On a per-person basis, American economic output is now about 40% higher than in western Europe and Canada, and 60% higher than in Japan—roughly twice as large as the gaps between them in 1990. Average wages in America’s poorest state, Mississippi, are higher than the averages in Britain, Canada and Germany.

And America’s outperformance has accelerated recently. Since the start of 2020, just before the covid-19 pandemic, America’s real growth has been 10%, three times the average for the rest of the G7 countries. Among the G20 group, which includes large emerging markets, America is the only one whose output and employment are above pre-pandemic expectations, according to the International Monetary Fund.



And if any of you Putin-lovers think our inflation is bad...


Russia's central bank has hiked the key interest rate by 200 basis points to a record-high 21% in a bid to fight inflation, fuelled by military spending.


Here's the thing about GDP and warfare. If you build a bunch of tanks, the cost of those tanks counts toward your GDP. So your GDP growth looks great. On paper.

But...

All you have to show for it is a bunch of pieces of burnt metal.

I guess you don't know this, but 'The Economist' is almost as Leftwing as The Atlantic. You're welcome.

 

[Billiejeens]

I guess you don't know this, but 'The Economist' is almost as Leftwing as The Atlantic. You're welcome.

G is a total fraud
Always best ignored.

 

[g5000]

I see those who pray for America to fail have chimed in.

 

[g5000]

I guess you don't know this, but 'The Economist' is almost as Leftwing as The Atlantic. You're welcome.

The numbers don't lie.

You're welcome.

 

[MarathonMike]

G is a total fraud
Always best ignored.

He's not the brightest bulb on the string, for sure.

 

[MarathonMike]

The numbers don't lie.

You're welcome.

Numbers lie all the time, depending on who is presenting the numbers and what their motives are. You ever hear of Climate Change?

 

[g5000]

G is a total fraud
Always best ignored.

You can only WISH I was as stupid as you are.

Boy, this is fun!

 

[g5000]

Numbers lie all the time, depending on who is presenting the numbers and what their motives are. You ever hear of Climate Change?

Hey, then knock yourself out debunking the facts presented in the OP, genius.

 

[g5000]

MAGA World hates America. All you hear from them is whining and lying about the US.

When's the last time you heard Trump say something good about America?

He brags about himself all the time. But this obese self-aggrandizing bully never has anything good to say about the country that made him a billionaire and let him get away with endless crimes.

 

[Billiejeens]

Numbers lie all the time, depending on who is presenting the numbers and what their motives are. You ever hear of Climate Change?

G doesn't understand what facts are.

 

[g5000]

G doesn't understand what facts are.

Feel free to debunk the facts in the OP, genius.

Your mind is only capable of throwing little bombs into a conversation. You have the intellectual bandwidth of a bumper sticker.

So you aren't up to the task.

Sad.

 

[Toddsterpatriot]

He has decades of experience to draw upon

Doesn't matter if he can't access it anymore.

Not that he was more than a dim bulb even when he could.

 

[log cabin republican]

The US Economy Is The Envy Of The World​

Which is why globalist-Marxists want to knock it down.

 

[Doc7505]

Good old Biden, doesn't know where he's going or what he's saying,
steering out giant economy into a bright future. DURR

~~~~~~
Tell that to the thirteen soldiers killed by the poor devision and incomptence to retreat from Afghanistan in the middle of the night.

 

[luiza]

I suspect the bulk of the rest of the world is split between Detesting and Mocking you --- collectively .

I simply see you as an Empire founded on Greed and Arrogance that has just about come to the end of its short history .

The next couple of years should clarify that, but for the life of me I cannot see any present talent that has a good chance of altering the march of time and past consequences .

I believe the same is true of Team GB .
So it has nothing to do with misplaced feelings of superiority . Though separately and obviously we clearly are .