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I am by no means an economic expert, but I shared this chart yesterday, GDP 2008-2022 in current international dollar: https://data.worldbank.org/indicator/NY.
by hef19898 3y ago
I am by no means an economic expert, but I shared this chart yesterday, GDP 2008-2022 in current international dollar:
https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=EU-US&start=2008 https://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locat...
Now, I have no idea what thebdifference between constant USD, current USD and the international versions are, and wpupd be happy if someone cpuod explain it since the differences are huge, but measured in curren international USD, the EU and US GDP charts move more or less in parallel with the EU one being a little bit lower. But of course, a chart that shows a huge delta developing makes for much better headlines, and more eyeballs on the article...
EDIT: Just played around some more, the numbers only allow for sensationalism whem using current USD, taling any other constant value the story is a lot different. And the root cause seems to be two periods, 2012 - 2014 when the EU GDP growth was significantly below US growth (it was negative for the EU in 2012 and 2013), and 2020 (EU -5.7, US -2.8). So, if everything it is old news, or worse just a wrong representation of data to justify headlines and narratives (looking at you WSJ, not some Twitter thread).
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2022&locations=EU-US&start=2008&view=chart https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?end=2...
GDP chart in constant 2015 USD:
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?locations=EU-US&start=2008 https://data.worldbank.org/indicator/NY.GDP.MKTP.KD?location...