China's economy posted a strong performance in Q1 helped by retail sales, urban investment, and industrial output. April numbers and predictions for the rest of the year do point to a slow down for the world's second largest economy.
Moody's Analytics states that a 4.4% unemployment is great news for employees and wages. Lower unemployment creates competitive pressures for the companies and wages increase.
For 2017 #US economy continues to be the largest however #China and #India are predicted to close the gap and surpass it by 2050 .......
#eurozone saw #Inflation undershoot the predictions, on April 28th a wide variety of economic indicators pointed to this trend which continues to build pressure on #ECB to cut stimulus plans as early as June.
Britain is set to drop out of the world’s five largest economies based on gross domestic product in nominal terms, according to International Monetary Fund estimates published this week.