Charts below illustrate current insight of the future economic development of the major countries across main economic and financial indicators by the proven international agencies. Concerning United States, its real GDP growth is expected to recover in 2014 after a slowdown in 2013, levelling off on 2.6-2.4% up to 2018 according to Economist Intelligence Unit (EIU). IMF, meanwhile, is inclined to more positive forecast of 3.07% in 2018. Canada is expected to follow resembling tendency with its GDP growth rising from 1.6 to 2.2% over the same period. On the contrary, Japanese economic growth will decrease gradually from 1.7 to 1% during the period from 2013 to 2018 in accordance to the EIU projections. US GDP growth is expected to be accompanied by modest CPI inflation rate which will rise by somewhat 0.8%, while unemployment rate is going to shrink by almost 2% by the 2018. Rising inflation will affect current account balance a bit which will follow general downward tendency over the forecast period achieving -2.96% of GDP in 2018 mostly due to the increase in imports of goods and services. At the same time, capital outflows will decrease slightly by 2015 because of rising long-term interest rates.
Sources: EIU Economic and Commodity Forecast, December 2013 (EIU)| World Bank Global Economic Prospects, March 2014 (WB)| IMF World Economic Outlook, April 2014 (IMF)| United Nations LINK Global Economic Outlook, October 2013 (UN)| Annual Macro-Economic Database, March 2014 (European Comission, EC)| OECD Economic Outlook No 94, November 2013 (OECD).
(15 June 2021) The US natural gas spot price at Henry Hub, Louisiana — the benchmark price reference for the US natural gas market and an important price reference in global gas trading — will average $3.07 per million British thermal units (MMBtu) in 2021, a 51% increase from the 2020 average, according to the U.S. Energy Information Administration (EIA). The agency attributes this year's price growth to rising liquefied natural gas (LNG) exports and increasing domestic natural gas consumption outside of the power sector. In 2022, Henry Hub prices are expected to decrease to...
(9 June 2021) The aluminum price reached the value of $2,534 per metric ton on May 7th of this year, the highest price since the two-year high in April 2018. The consensus forecast for 2021 from three leading sources (the IMF, the World Bank, and Innovation and Science Australia, an advisory board to the Australian government) is $2,072 per metric ton. The rise in aluminum prices is a result of high demand in China and growing concerns that China's new climate policy, which focuses on greenhouse gas emissions reduction, could limit future supply of the metal. In 2020, China...
(28 June 2021) Zinc prices showed 50% growth year-over-year in May 2021, an increase to $2,965 per metric ton from $1,975 in May 2020. The increase followed a two-year decline of 45% from the ten-year high of $3,500 in 2018. The price is currently 11.5% above the 5-year moving average — a figure analysts were not expecting, since zinc demand is declining in the era of COVID-19. Several key supply and demand drivers are playing a role. The upward price drivers are as follows: Disruption of zinc concentrate supplies due to the suspension of large zinc mines as a result of the...
The population of China currently exceeds the population of India by approximately 70 million, according to estimates from the United Nations. The UN's World Population Prospects report puts the population of China at 1.38 billion, compared to 1.31 billion for India. Other sources' estimates of current population range from 1.37 to 1.40 billion for China and from 1.28 to 1.31 billion for India. Just as current population estimates differ, so do forecasts as to when the difference in the population between the two countries will level off. According to the United Nations',...
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