Ever wonder why a McDonald’s burger costs much more in the US than in India? Of course, because people earn higher incomes on average in the US. But the technical term for this is purchasing power ...
For China to support high quality growth would require it to deepen long-term pension, insurance and private equity funds ...
France had a GDP growth of 2.6% in 2022. The size of its economy in PPP terms was measured at $3.70 trillion. This year the economy is likely to slow down and be subdued to a rise in energy prices.
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