During a meeting of Poland’s National Security Council, President Andrzej Duda outlined a major objective for his Washington visit – convincing US leaders to endorse an increased spending requirement for NATO members, aimed at sending a strong message to Russia. Duda proposed that NATO nations should be compelled to allocate a minimum of 3% of their GDP to defense, up from the current 2% guideline.... 

Canada, our neighbor to the north, has a massive and growing immigrant population, with the majority coming from Third World countries. Is this beneficial for Canada? The National Post recently published an article by Tyler Dawson entitled, “Canada’s high immigration is driving down per-capita GDP: report.” From the article: The Canadian economy experienced a contraction “unprecedented outside... 

A war over Taiwan between the United States and China could cost an unimaginable $10 trillion, equal to about 10 percent of the global GDP, dwarfing the impact of the Wuhan coronavirus (COVID-19) pandemic and the 2008 Global Financial Crisis. This is according to an analysis conducted by Bloomberg Economics, which noted that both the Global Financial Crisis and the 2019 pandemic only affected global... 

The U.S. Treasury Department made a sobering announcement on Monday, revealing that the nation’s debt has soared to a staggering $33 trillion. This financial milestone arrives amid the backdrop of intense political negotiations over government spending in the nation’s capital, shedding light on the intricate web of fiscal, political, and economic challenges facing the United States. The... 

The Chancellor of the Exchequer, Rishi Sunak, is expected announce new immigration routes to the United Kingdom in the coming budget, at a time when many Britons are out of work due to the coronavirus pandemic and legal and illegal immigration are already running at or near record highs. The changes are supposedly designed to boost “international competitiveness” by making it easier for bosses... 

A new report suggests that the real US debt level may be $400 trillion, or 20 times higher than the country’s gross domestic product. The calculation includes government, state, local, financial and so-called entitlement debt. AB Bernstein, a global asset management firm based on Wall Street, came up with these figures by including in its analysis not only traditional levels of public debt, such... 

According to Radio Poland, Enterprise and Technology Minister Jadwiga Emilewicz speaking yesterday after the Central Statistical Office (GUS) revealed a 5.1 per cent growth in the Polish economy for the third-quarter of the year. The government minister explained that the country had “stable growth fundamentals, with domestic consumption remaining with and investment figures encouraging”. The... 

With South Africa reeling amid concerns of land expropriation, the rand tumbling amid broad emerging market fears and the local economy pressured by collapsing consumer spending, moments ago the Pretoria-based Statistics South Africa announced that Q2 GDP contracted at a 0.7% annualized rate, missing expectations of a 0.6% increase, and together with the sharp drop in Q1 GDP, South Africa has now... 

Boston, Calgary, Perth and Macau – all associated with material wealth – have failed to make this list of the 15 richest cities in the world, compiled by market research firm New World Wealth. The data gathered by the researchers reflects the total amount of private wealth held by all the individuals living in each of the cities on the list. Unlike traditional ratings, this top 15 is not based... 

Liechtenstein (population 37,000) has a Gross Domestic Product (GDP) larger than 14 African states, while Belgium (pop. 11m) and Australia (pop. 24m) have a GDP larger than 41 African states and their population of more than 990 million all added together—definitive proof that achievement is linked to race, and not “environment.” Gross Domestic Product (GDP) is a measure of the value of economic... 

The country worst affected by the global financial crisis eight years ago has made a miraculous turnaround. Iceland saw an unexpected GDP surge of 4.2 percent in the first three months of the year. The growth is explained by a significant rise in tourism. Tourism has been steadily growing since the beginning of the decade, and is currently a larger source of revenue than exports of fish and aluminum.... 

Eurozone finance ministers will decide on Tuesday whether to sanction Spain and Portugal for breaching EU spending rules. The people who are planing to sanction Portugal and Spain are mostly of French origin. What a bunch of sore losers! This is exactly why the EU is bad! Why would the EU dictate to other countries how much they should be allowed to spend on football? Its their country they should... 

Italy’s premier has harshly criticized the EU’s recent economic policies, describing them as a “pointless remedy” for a terminally-ill patient. Matteo Renzi censured the austerity measures imposed on many European states over the past several years and said austerity economics only has caused Europe to be left behind by the United States. “The countries that have had growth in Europe have... 

Saudi Arabia may go bankrupt within the next five years if the government maintains its current spending habits, the International Monetary Fund said in a report Wednesday. Saudi authorities are already planning spending cuts as the world’s biggest oil exporter seeks to cut its budget deficit created by the drop in crude prices. Saudi officials have repeatedly said that the kingdom’s economy... 

When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down. It is just basic economics. Governments around the world have become very adept at manipulating other measures of economic activity such as GDP, but the trade numbers...