India may surpass the US to become the world’s second largest economy in PPP terms by 2038, according to an analysis by EY in its latest Economy Watch report. The projection assumes significance at a ...

When we talk about national wealth, it’s usually total GDP numbers that dominate the discussion.GDP provides a general sense of the size of an economy, but it doesn't show how well people live on an ...

GDP (PPP) measures the total economic output of a country, adjusted for cost of living and purchasing power, to allow fair comparisons between nations. According to the World Bank, the GDP (PPP) of ...

The Asian Development Bank’s ICP report shows that using purchasing power parities rather than exchange rates reveals Asia and the Pacific as the world’s largest economic region, accounting for nearly ...

The world is undergoing a great economic reordering, the third such transformation in the past century. The United States has been at the helm of each one, shaping the global economy in ways that ...

UNTIL 1700 the world economy did not really grow—it just stagnated. Over the previous 17 centuries global output had expanded by 0.1% a year on average, a rate at which it takes nearly a millennium ...

We asked people in 25 nations whether they think the U.S., China, Japan or the European Union is the world’s leading economic power. We also asked with which country – the U.S. or China – they see as ...

WASHINGTON, Oct 8 (Reuters) - The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, ...