Today’s GDP numbers from China, eurozone and US

Bloomberg:

China’s gross domestic product is forecast to reach about $13.2 trillion in 2018, beating the $12.8 trillion combined total of the 19 countries that use the euro. China should grow at a pace of at least 6% for the rest of this decade and keep up a 5-5.5% rate throughout the 2020s, Mann projected. He said it’s hard to argue that growth in the euro area would be much above 2% for the next couple of decades.

China faces numerous challenges. It will have to manage ballooning debt, financial markets need to open to global investors, and the government will have to adjust to a rapidly aging population. The UN projects that a quarter of its residents will be over 60 by 2030.

US GDP is about $20 trillion, according to people who do not know how to write a press release. BTW, we haven’t thought much about the aging of China’s population, but we’ll now keep that in mind.

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