U.S. Vs. China: Battle To Be The Largest Economy In The World

The United States has been the world’s biggest economy since 1871, but that top ranking is now under threat from China. The Asian giant has achieved

PPP and Its Relevance

exchange rate

basket of goods

the “Big Mac” index

Economist magazine, which calculates simplified PPP exchange rates based on the popular McDonald’s sandwich. The biggest advantages of PPP exchange rates is that they have greater stability over time as compared to more volatile market exchange rates, and they provide

a better estimate of consumers’ purchasing power

When Will China Surpass the U.S.?

Organization for Economic Cooperation and Development (OECD)

long-term growth

Euro

World Economic Outlook

Will It Even Matter?

per capita

The difference in income levels

How Will the U.S. Cope?

World Economic Forum

labor markets